The more we sink into debt and become poorer, the more money Ken Ofori-Atta makes — Felix Kwakye Ofosu

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AUG 19, 2022 LISTEN
Felix Kwakye Ofosu

Felix Kwakye Ofosu, the former Deputy Information Minister in John Dramani Mahama's administration has taken a swipe at Finance Minister Ken Ofori Atta.

He stated that the current economic problems are a result of the government's massive borrowing, which leaves Ghanaians with huge debt.

He continued in a tweet spotted by Modernghana News on Tuesday, August 18 that the Finance Minister profiteers from the monies the country borrows.

“The biggest problem facing Ghana now is the size of our public debt. The biggest beneficiary of our public debt is the Finance Minister who is the President’s cousin.

“He has made millions from our debt.

"The more we sink into debt and become poorer, the more money he makes,” he bemoaned.

His claims follow comments by popular Ghanaian broadcaster Kwasi Kyei Darkwah on Accra-based GTV's breakfast show monitored by Modernghana News that Databank, which is owned by the Finance Minister is the sole transaction advisor to monies government borrowed.

According to him, the Finance Minister's Databank receives more commission for every government loan deal.

“I read a report yesterday that broke my heart. I saw how Ghana owes. I also found that apparently, the Minister of Finance’s company or former company is a transaction advisor to the monies we borrow. So, as Ghana gets poorer, the Minister of Finance’s company or former company gets richer," he said.

KKD chastised Parliament for failing its oversight role. “Parliament, you must be ashamed of yourself. You have failed the people of Ghana because I don't think from the time of Nkrumah to date, whoever is the minister for finance should be benefiting every time our country goes to borrow money. Is that what happened?"

He continued, “parliament thinks it is okay? So whoever wins the next election will also set up their own companies and be the transactional advisors when we go and take a loan. What is wrong with us as a people? So the person's motive for even going for a loan for me now is not clear because every time we take a loan their company makes money. Does this make sense to us as a people?”

Isaac Donkor Distinguished
Isaac Donkor Distinguished

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