Sacking Ofori-Atta not the answer to Ghana’s economic woes – Pratt

Renowned media practitioner Kwesi Pratt says the dismissal of Finance Minister, Ken Ofori-Atta and the Minister of State at the Finance Ministry, Charles Adu Boahen will yield no positive results if the elephant in the room is not addressed.

The Editor-in-Chief of the Insight Newspaper asserts the fundamental problem with Ghana’s economy is structural and not its managers, contrary to the public perception.

Although he maintains the economic management team should be changed for competent persons to take over and steer the country’s financial affairs.

Speaking on Good Morning Ghana on Wednesday, 26 October 2022, Mr. Pratt emphasized the need to address the structural problems rather than sacking the two ministers who he describes as “incompetent” and have “mismanaged” the economy.

“The impression being created; ‘remove Ofori Atta and Charles Adu Boahen and everything will be fine’ is a false impression.

“It is false to the extent the economy is suffering structural problems and unless we focus our attention on the structural problem of the economy which we all know – even the president knows. At his inauguration did the president not talk about moving away from the Guggisberg economy? He knew that it was a structural problem,” he averred.

He added, “Even if you remove these two gentlemen [Ofori-Atta and Charles Adu Boahen] or all the ministers and do not deal with the structural problem of the economy we are indeed in deep deep (sic) trouble still.”

Calls for the Finance Minister’s dismissal heightened Monday when some members of the majority caucus held a press conference calling on President Akufo-Addo to terminate Ofori-Atta’s appointment or threatened a boycott of the government’s business.

According to them, sacking Ofori-Atta and Adu-Boahen will restore confidence in Ghana’s economy.

The demand follows the country’s current economic challenge which is triggering calls from several Ghanaians including opposition parties to mount pressure on the president to remove the Finance minister from office.

However, President Nana Addo Darkwa Akufo-Addo believes removing Ofori-Atta as Finance Minister is premature.

He says the calls should be on hold till Ghana concludes negotiations with the International Monetary Fund (IMF).

President Akufo-Addo explains terminating the appointment of Mr. Ofori-Atta will disrupt the programme.

By: Bernard Ralph Adams | | Ghana

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