Former Finance Minister Dr Mohammed Amin Adam has praised his successor, Dr Cassiel Ato Forson, for abolishing certain taxes introduced by the previous administration, but has raised concerns over a sharp increase in the Growth and Sustainability Levy on mining companies.

In the 2025 Budget, presented on March 11, Dr Forson announced the removal of the betting tax and E-Levy, a move aimed at easing the financial burden on Ghanaians.

Speaking in an interview on Channel One TV on March 17, 2025, Dr Amin Adam welcomed the tax cuts, acknowledging their potential benefits. 

However, he cautioned that the government’s decision to increase the Growth and Sustainability Levy on mining companies from one per cent to three per cent could have negative economic consequences.

"I think that he has delivered, but I think that he has also imposed additional taxes. For example, the Growth and Sustainability Levy increased by 200 per cent from one per cent to three cent. If the sector that gives you growth is the sector that you are heavily taxing more, then what kind of economics are you doing?" he questioned.

He stressed that while the extractive industry should contribute its fair share of taxes, overburdening key economic sectors like mining could undermine growth and investment.

"I’m not saying don’t tax the extractive industry, but if you are alluding to the fact that that is what generates our growth, why would you want to tax the hen that lays the golden egg?" he added.