Financial Analyst Nii Yarboi Annan has called for the sacking of Finance and Economic Planning Ken Ofori Atta.
Nii Yarboi Annan is of the opinion that the Finance Minister does not have competence required to bring Ghana’s economy back on track.
According to Fitch the downgrading was as a result of Ghana’s worsening debt position increasing the risk of debt default.
Financial Analyst Nii Yarboi Annan is convinced Ghana’s current economic position is the result of the economic management approach of Ken Ofor Atta who has had the job of managing Ghana’s economy since 2017 when his cousin Nana Addo Dankwa Akufo-Addo ascended the presidency.
He is of the opinion that Ken Ofori Atta has managed Ghana’s economy like a hedge fund.
Nii Yarboi Annan compared Ken Ofori Atta’s management of the Ghanaian economy to his running of Data Bank, a financial institution he founded.
The Financial Analyst said Ken Ofori Atta has spent his time as Fiance minister taking money from investors and giving the investors returns.
Nii Yarboi Annan believes this approach is what has created the current difficulties and leaving Ken Ofori Atta in charge will only worsen the situation.
Story: Sena Nombo/Radiogoldlive.com