Founding President and Chief Executive Officer of IMANI Centre for Policy and Education, Franklin Cudjoe, has noted that Ken Ofori-Atta’s removal as Finance Minister does not necessarily prevent him from taking key decisions that affect the country’s economy.
According to Mr Cudjoe, reports from Asaase Radio indicate that former Finance Minister Ken Ofori-Atta is set to assume the role of Senior Presidential Advisor on the Economy and will also serve as the President’s Special Envoy on International Investment and the Capital Markets.
In a Facebook post, Mr Cudjoe noted that Mr Ofori-Atta’s appointment, if proved to be true, will help him obtain authority that exceeds that of the Finance Minister.
“The former finance minister Ken Ofori-Atta is to be appointed as the senior presidential advisor on the economy. He will also serve as the president’s special envoy on international investment and the capital markets, according to Asaase News sources in the Office of the President.”
“Meaning he will be in charge of negotiating most big deals.. he is now bigger than MoF……,” he wrote.
This revelation comes directly from sources within the Office of the President, adding a new chapter to Ofori-Atta‘s distinguished career. As the former Finance Minister, he held the position for an impressive seven years, making him the longest-serving finance minister in Ghana’s Fourth Republic.
As Ofori-Atta steps into his new advisory roles, Kwaku Afriyie, the former Minister of Environment, Science, Technology, and Innovation, is also slated to become an advisor. According to Asaase’s sources, Afriyie will take on the crucial role of President Akufo-Addo’s Special Envoy on Climate.
The reshuffling of roles within the government signals a strategic move, with Mohammed Amin Adam, the current Minister of State at the Ministry of Finance, assuming the position of the substantive Minister for Finance.
This transition is expected to be seamless, ensuring continuity in the government’s debt restructuring negotiations with private creditors and for Ghana’s second review under its extended credit facility (ECF) arrangements with the International Monetary Fund.
The developments do not end here, as sources from the Office of the President hint at further significant changes, possibly announced later today. The morning’s press release from Jubilee House primarily focused on ministerial appointments presented to the Speaker of Parliament, with consequential matters regarding appointees.
Inside sources at Jubilee House anticipate the potential reshuffling of the Majority leadership in Parliament, a move that might be officially disclosed following a scheduled National Executive Committee meeting of the New Patriotic Party(NPP) on Monday.
This suggests a broader restructuring within the government’s leadership, marking a pivotal moment for Ghana’s political landscape. This is happening some nine months to Ghana’s next general election.
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