Ken Ofori-Atta Expected To Get New Post From Akufo-Addo As Special Envoy On International Investment
- The former finance minister Ken Ofori-Atta is expected to get a new appointment after being axed
- Ofori-Atta is expected to serve as the president’s special envoy on international investment and the capital markets
- Another sacked minister, Kwaku Afriyie, got a similar appointment as an advisor to the president
The former finance minister, Ken Ofori-Atta, is expected to be appointed the senior presidential advisor on the economy after his removal as a minister of state.
According to Asaase News, Ofori-Atta will also serve as the president’s special envoy on international investment and the capital markets.
Source: Getty Images
Asaase cited sources at the Presidency in its reporting.
Another sacked minister, Kwaku Afriyie, who was the Environment, Science, Technology and Innovation Minister, will become a special envoy on climate.
Ofori-Atta was replaced as the finance minister by Mohammed Amin Adam.
Ophelia Mensah Hayford is the new Environment, Science, Technology and Innovation Minister.
Under-fire Ofori-Atta
Ofori-Atta has been one of the most under-fire ministers and the subject of protests because of the economic crisis.
Inflation rose above 50% in 2023, and the Cedi currency also plummeted in value.
Ghana also returned to the IMF for a bailout under Ofori-Atta's stewardship of the economy.
Ofori-Atta oversaw Ghana's debt restructuring efforts after defaulting on most of its external debt in December 2022.
Notably, over 80 pro-government legislators demanded the removal of Ofori-Atta from office.
The demand by the MPs was, however, rejected by President Akufo-Addo, who called for calm until the completion of Ghana’s negotiation with the IMF for a bailout.
The president later reposed confidence in the finance minister on various public speaking platforms.
Bawumia promises to scrap a number of taxes
The move to sack Ofori-Atta comes as Vice President Mahamadu Bawumia tries to distance himself from the country's recent economic woes.
YEN.com.gh reported that the New Patriotic Party (NPP) flagbearer promised to abolish the e-levy and other taxes burdening Ghanaians.
The Electronic Transfer Levy Act imposed a levy of 1% on electronic transfers.
Bawumia said he would execute these promises if elected president after the 2024 polls.
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Source: YEN.com.gh
