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Akufo-Addo, Ofori-Atta have failed in managing Ghana’s economy – Kofi Amoabeng

Source The Ghana Report

Founder of the defunct UT Bank, Prince Kofi Amoabeng has said President Nana Addo Dankwa Akufo-Addo and his Finance Minister, Ken Ofori-Atta have failed in managing  Ghana’s economy.

According to him, President Akufo-Addo must take responsibility for the failure of the Finance Minister because he appointed him.

Speaking on TV3 Monday October 3, he said “of course if you fail with the planning and management of the Finances of the country you have failed.

Prince Kofi Amoabeng, Fmr UT Bank Boss

 

“So yes [the Finance Minister] has failed, there are no two ways about that.”

Expressing his view on the fact that the President said, he was satisfied with stewardship of his appointees including Mr Ofori-Atta, the former UT boss said “the president has failed first, so if you ask me, it is the president who has failed, everything starts with leadership, he appoints everyone and so if you appoint wrong people you must take responsibility for it. You can’t delegate authority and not responsibility.”

President Nana Addo Dankwa Akufo-Addo recently  expressed confidence in the performance of his Finance Minister, Ken Ofori-Atta despite express public discontent towards him.

According to the President, although many have called for the head of the Finance Minister over alleged mismanagement of the economy, he is satisfied with Ken Ofori-Atta as he has what it takes to change the fortunes of the country.

He said, Ken Ofori-Atta proved himself by overseeing earlier successes of the Akufo-Addo administration.

“This same Finance Minister who people are calling for his blood is the very man who took us very successfully out of the IMF programme and helped us produce the 7 percent rates of growth that we had before the COVID.”

“I believe that he has the same determination to work us out of this crisis as he showed at the beginning of our government,” the president added.

President Akufo-Addo also reiterated his stance that a reshuffle of his ministers was not needed at this time.

“When I am satisfied or someone is doing his work well or not doing his work well, I will act on it. If I am satisfied that the output is still strong, I will know what to do,” he said.

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