We Want Ken Ofori-Atta To Resign But His Resignation Won't Revitalize Ghana’s Collapsed Economy

Feature Article We Want Ken Ofori-Atta To Resign But His Resignation Won't Revitalize Ghanas Collapsed Economy
DEC 6, 2022 LISTEN

Ghana is in terrible shape and is about to see the biggest economic catastrophe ever predicted for the nation. The cost of goods has dramatically increased, and businesses have shut down, making life very tough for company owners and regular people. Many Ghanaians accuse Ken Ofori-Atta of being at fault because he is the country's finance minister.

This is a factual fact that cannot be disregarded, but the amount of harm to Ghana's economy cannot be restored in the next five years, even if Ofori-Atta steps down.

It didn't occur to either the majority or the minority parliamentarians that the appointment of Ken Ofori-Atta as the finance minister by his relative, Akufo Addo, who is the president, would lead to a political and economic disaster beyond repair.


Members of a family of political crooks: Ken Ofori-Atta, the finance minister, and Akufo Addo, the president of Ghana.

Only a small number of Ghanaian politicians care about the welfare of the people, and the majority are interested in the survival of the political party, therefore; I'm not curious as to why so many Ghanaians missed this despite their high level of intelligence.

On January 27, 2017, Ken Ofori-Atta was appointed Ghana's finance minister. He brings to the Ministry more than 30 years of experience in the Ghanaian and international financial sectors, according to a publication. It was also mentioned that he was a co-founder and the previous chairman of the Ghanaian investment banking company Databank Group and from 1990 until his retirement on February 14, 2012, he served as Executive Chairman.

I'm curious to hear if Ghanaians believe Ken Ofori-Atta is the ideal finance minister Ghana needs to become one of the greatest in Africa because of his admirable academic background and achievements. When he was appointed by the president that was the biggest error the people of Ghana made without raising a fuss. They say you shouldn't judge a book by its cover or a man by his outward appearance, but I'm old enough to see that picking a relative as finance minister will spell economic disaster.

In order to avoid basing my argument just on my personal belief that Ken Ofori-Atta, who is related to Akufo Akufo, will help the president facilitate corruption and theft for the benefit of the family, I first searched Google to see if I could locate any finance ministers from nations where the president is connected. I failed to locate any. It was there I knew, Ken Ofori-Atta would lead Ghana into a dark tunnel from which it will not emerge,

Researchers employ the methods of the most significant economic science, political economy, when evaluating certain economic events and when formulating suggestions for enhancing particular facets of the economy.

It is worthwhile to collaborate with many excellent business professionals, including scientists who worked in the field of applied economics, to examine economic circumstances and identify the underlying issues. Since Ken Ofori-Atta doesn't want Ghanaians to know the extent of the corruption he is fostering, none of these issues were taken.

Numerous variables, such as a lack of local demand, the drawbacks of managing the economic function system, such as corruption and bribery, backdoor deals, and an imbalance between export, import, and investment, are among those that cause economic collapse in different countries. However, in Africa, corruption and bribery are the two main causes. Ghana has experienced a lack of development and employment as a result of persistent corruption.

Corruption and bribery are difficult to spot unless they are being recorded by cameras. However, the distribution of funds for planned projects is how corruption is quickly identified. In the instance of Ghana, everyone is aware of the significant debt the nation is currently carrying, but no one is able to determine which projects the funds were allocated to. Therefore, the fact that Ghana is in debt without knowing what the money was for, indicates that there has been significant corruption.

However, if you look at how well Ghana provides for its population, you'll quickly discover that it's a place where the average person has suffered greatly politically and economically ever since Kwame Nkrumah was overthrown, as a result of pervasive corruption that has infected every aspect of the country, including its judicial system.

Ghana has all the necessary resources to become one of the most powerful nations in Africa, economically and politically because it is one of the biggest producers of cocoa, bauxite, gold, timber, etc. The country's recent oil recovery should have been a huge economic driver, but Ghana's resources have had a disastrous effect. Many people live in abject poverty.

I am not a tribal bigot to give support to a government that has ruined our country and institutionalized corruption by appointing officials who have engaged in major corruption to serve Ghana, despite the fact that Akufo Addo requested the authority from the populace to fight corruption. I'll continue to write the truth, and I don't give a damn what people think of me.

The economy of Ghana won't benefit from Ken Ofori-Atta's resignation request, contrary to what many believe. It can only reduce outright corruption and highlight the corruption craters Akufo Addo and his family have dug.