- November 13, 2022
- Posted by: Amos Ekow Coffie
- Categories: Banking and Finance, Economics
The Finance Minister Ken Ofori-Atta did his best in managing the economy to the extent that it was classified as one of the growing economies in the world in President Nana Addo Dankwa Akufo-Addo’s first term but the time has come for him to go, a Professor at the University of Ghana Ransford Gyampo, has said.
In his view, the time has come for fresh ideas to manage the economy.
“We should not relent in our call for Mr Ofori-Atta to go,” he said on the Key Points on TV3 Saturday November 12.
He added “He has done his best in the first term, he did so well. I was surprised that a country like Ghana was adjudged one of the best growing economies in the world and he was the Finance Minister. He has done his best but we have gotten to the time where we need fresh ideas.”
“The time has come for the President to reshuffle especially at the Finance Minister,” he stressed.
Meanwhile, the Speaker of Parliament Alban Bagbin has set a committee to investigate the allegations made against the Mr Ken Ofori-Atta by the Minority in Parliament for which they filed a motion to get him removed from office.
The 8-member committee, co-chaired by Dr Dominic Ayine and KT Hammond, lawmakers for Bolgatanga East and Adansi-Asokwa respectively, has within seven working days to complete its work and submit the report
The Speaker’s ruling came after the Deputy Majority Leader in Parliament Alexander Afenyo-Markin challenged the motion of the Minority on the basis that the Finance Minister will suffer injustice if the House goes ahead with the application.
Mr Afenyo-Markin indicated that the claims by the Minority were criminal in nature upon a proper scrutiny.
To that end, he called for a fair hearing for the Minister.
The Minority accused Mr Ofori-Atta of, among other things, personally benefitting from every loan that the government takes.
But the Effutu Member of Parliament said “these matters, upon a proper scrutiny, are criminal in nature. The Minister should be given a fair hearing.”
“If we go ahead with the application we will be doing a lot of injustice to our colleague. If this application is allowed it will be injustice and unfairness, the Minister wouldn’t have been given adequate time to prepare for his defense,” he stressed.
Justifying the motion to get the Finance Minister removed, the Minority Leader Haruna Iddrisu said President Akufo-Addo was not ready to sack the Minister.
Therefore, he appealed the Majority Members of Parliament to support the move to get him removed.
In his ruling on this matter, Speaker Bagbin said after announcing the formation of the committee that “The evidence will be placed before the committee. The Minister will have the opportunity to defend himself.
“A report will be presented to the House, and we will debate that report.”