Ofori-Atta Appointed Senior Presidential Advisor And Special Envoy For International Finance
- President Akufo-Addo has appointed former Minister of Finance Ken Ofori-Atta as a senior presidential advisor
- Ofori-Atta was relieved of his position as Finance Minister on Wednesday, February 14, 2024
- The new appointment was confirmed in a letter from the Presidency sighted by YEN.com.gh
President Nana Akufo-Addo has given Ken Ofori-Atta a new appointment following his sacking as finance minister.
Ofori-Atta will now serve as the Senior Presidential Advisor and Special Envoy for International Finance and Private Sector Investments.
![Ken Ofori-Atta gets new appointment Ken Ofori-Atta gets new appointment](https://cdn.yen.com.gh/images/1120/87074eb302a7c49b.jpeg?v=1)
Source: Getty Images
There had already been reports that the former minister would remain in government after his sacking.
Ofori-Atta was relieved of his position as Finance Minister on Wednesday, February 14, and replaced with Mohammed Amin Adam.
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The new appointment was confirmed in a letter from the Chief of Staff, Akosua Frema Osei-Opare sighted online.
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 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, YEN.com.gh reported that 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