Ghana: President Akufo-Addo re-appoints sacked minister of finance as top advisor
Ghana’s President, Nana Akufo-Addo has re-appointed the former minister of finance, Ken Ofori-Atta, as the Senior Presidential Advisor and Special Envoy for International Finance and Private Sector Investments.
The appointment is coming barely some days after he was replaced by Dr Mohammed Amin Adam as the new Finance Minister.
Reports in Ghana indicated that the former minister’s appointment is a promotion since he will advise President Akufo-Addo on matters of international finance and private sector investment.
In this new position, Mr. Ofori-Atta is expected to effectively utilize his broad knowledge and network to attract international investment and increase private sector participation in Ghana’s growth.
Ken Offori-Atta has brilliant records in finance and international engagement.
He has held leadership positions in international organizations such as the World Bank/IMF Development Committee and the African Capacity Building Foundation.
Despite his commendable track record, he was blamed for Ghana’s heavy debts and poor-performing economic policies.
In 2023, the oil, cocoa, and gold producers secured a bailout program with the International Monetary Fund (IMF) worth $3 billion as part of efforts to ease the raging economic troubles.
The IMF said Ghana’s reform moves have yielded positive results, including improved growth, decreased inflation, and increased international reserves, while predicting that the economy would grow 2.3% in 2023 and 2.8% in 2024.
