President Akufo-Addo Justifies Removal of Finance Minister in Ministerial Reshuffle

President Nana Akufo-Addo has provided insight into the decision to replace Ken Ofori-Atta as Finance Minister during the February ministerial reshuffle. Speaking during an interaction with IMF Managing Director Kristalina Georgieva at the Jubilee House over the weekend, President Akufo-Addo cited the need for Ofori-Atta to take a break after serving for seven years in the position.

Highlighting the significance of the decision, President Akufo-Addo remarked, “Since last year, we have made some important changes in our government. Your old friend, Mr. Ofori-Atta has had seven years as a Finance Minister and I thought it was time for him to wind down and take on more narrow roles.”

The President emphasized continuity by introducing the new Finance Minister, who has been previously acquainted with IMF officials. The reshuffle, announced on Wednesday, February 14, affected around 13 current ministers of state, including 10 cabinet ministers and two regional ministers.

Following his removal from the finance portfolio, Ken Ofori-Atta was appointed as the Senior Presidential Advisor and Special Envoy for International Finance and Private Sector Investments. This move sparked debates, with some considering it a promotion due to Ofori-Atta’s role in advising President Akufo-Addo on international finance and private sector investment matters.

Despite the reshuffle, President Akufo-Addo commended Ofori-Atta’s performance as Finance Minister and assured that the government would navigate carefully to balance the aspirations of Ghanaians with the requirements of the IMF’s three-year extended credit program, particularly as the country approaches the December 7 general election.

Leave a Reply

Your email address will not be published. Required fields are marked *

Back To Top