The current on the line side of the VFD does not equal the motor current. The line current is basically to feed the real power used in the motor and VFD. The motor reactive current circulates between the motor and the VFD. So, you must read current on the motor side to get an accurate reading. However, as Gunner has pointed out, many CT's or transducers don't work right on low frequencies so you'd need one built for use on the VFD output.
As Gunner has also pointed out, use the analog output of the drive to feed the meter, likely a 4-20mA loop.