Finance Minister under the erstwhile John Mahama administration, Seth Abitey Terkper, according IMANI-Africa’s President, Franklin Cudjoe, is a better manager of the economy compared to Ghana’s longest serving Finance Minister, Kenneth Nana Yaw Ofori-Atta.
Ken Ofori-Atta, until his reshuffle by President Akufo-Addo on February 14, 2024, had served in the position for the past seven years, sending Ghana’s economy from bad to worse per available indices, including inflation rate, exchange rate, policy rate, balance of payment
His tenure was the first ever to be contested by Members of Parliament from his own party who asked the President to either remove him from office or resign by himself.
The call had followed, among other reasons, a Domestic Debt Exchange Programme he proposed to restructure Ghana’s debt as a condition for a US3$billion facility from the International Monetary Fund (IMF).
Government suspended payment of coupons of individual bondholders under the programme, amid a 54% inflation and plummeting Cedi against foreign currencies.
He is now serving as a senior presidential advisor to the President on the economy.
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In a post made on his Facebook Friday, March 29, 2024, Franklin Cudjoe said even though the Mr. Terkper had “deep love for VAT, he would have been a far better manager and thinker of future than Ken Ofori-Atta and the entire Economic Management of Nana Addo.”
“He actually is,” he added.
