Member of Parliament for Bolgantanga Central Isaac Adongo has turned to the age-old adage of “I told you so” to remind Ghanaians of his caution that the Finance minister Ken Ofori Atta posed a threat to the financial sector.
Isaac Adongo in 2018 cautioned “until you get rid of Hon. Ken Ofori-Atta he would destroy everything that Ghana has stood for in the capital market over the last couple of decades.”
In an interview with Sena Nombo on the Gold Morning Conversation three years after this warning, Isaac Adongo said his fears are manifesting.
According to him Ken Ofori Atta has brought Ghana’s economy to the point that it would take a miracle to salvage the country.
The Bolga Central MP said the finance minister has brought the country to this situation through his approach to the management of the economy.
He cited the Minister’s use of his own company, Databank to facilitate excessive and collateralization of all state assets to fund his borrowing appetite.
Isaa Adongo was also taken aback by the seeming public disinterest with questions raised about the fact that Ken Ofori Atta had recruited 40 members of his staff at Databank to play civil and public service roles.
He was particularly worried about the appointment of Sampson Akligoh, a former Director of Research of Databank as the Technical Adviser for the Finance ministry.
The Bolgantaga Central MP said Ghana faces a long road to recovery that would be painful if it has to come out of the current challenges.