Former Chief Executive Officer of the UT Bank, Kofi Amoabeng, has opined that both President Nana Addo Dankwa Akufo-Addo and his finance minister, Ken Ofori-Atta, have woefully failed in their management of the Ghanaian economy.
Speaking in an interview on TV3’s Business Focus, Amoabeng said the performance of the Finance Minister is woeful and as the buck stops at the top, President Akufo-Addo has also failed by extension.
“Of course if you fail with the planning and management of the Finances of the country you have failed. So yes [the Finance Minister] has failed, there is no too ways about [that],” he said.
Asked about the President consistently expressing confidence in Ofori-Atta’s job performance, Amoabeng said the President himself has failed.
“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 [the] wrong people you must take responsibility for it. You can delegate authority [and] not responsibility.”
Akufo-Addo Expresses Confidence In Ofori-Atta
Despite numerous calls for his cousin, Ken Ofori-Atta to be sacked for mismanaging the economy, President Akufo-Addo has remained stalwart in his defence.
President Akufo-Addo said that his Ministers are under continuous assessment and when he becomes satisfied that they are underperforming, he will act.
“It is not that I am not listening to what people are saying. Public opinion is very important in our democracy but at the end of the day, I must make the judgement on whether some people should go,” Akufo-Addo said when he visited Kasoa as part of his tour of the Central Region.
President Akufo-Addo jumped to the defence of Finance Minister, Ken Ofori Atta against public calls for him to either resign or be fired. He said he is very confident in the Finance Minister to take the country out of the current economic woes, citing his past performance.
“This same Finance Minister, people are calling for his head today is the very man who took us out of the International Monetary Fund (IMF) programme very successfully and helped us produce the 7.5 percent growth rate that we had before the COVID.” he added.
Meanwhile, Kofi Amoabeng’s UT Bank was one of the banks which went under during the banking sector clean-up initiated by the New Patriotic Party (NPP) government upon ascending into office in 2017.
Source: theGhanaianVoice.Com