Business Consultant and Founder of the Progressive People’s Party (PPP), Dr. Papa Kwesi Nduom, has expressed bewilderment at the treatment he received during Ken Ofori-Atta’s tenure as finance minister.
He suggested he may have been unjustly targeted without knowing the cause of offense.
Nduom indicated that his businesses suffered undue scrutiny and adverse actions under Ofori-Atta’s leadership at the finance ministry, leaving him puzzled about the reasons behind it.
Addressing queries raised by many regarding his alleged conflict with Ken Ofori-Atta, Nduom took to social media to express his perplexity, inviting answers from the public.
Responding to Nduom’s inquiry, Kofi Asamoah-Siaw, former General Manager of GN Bank, accused Ken Ofori-Atta of being envious of Nduom’s success and entrepreneurial prowess. Asamoah-Siaw highlighted Nduom’s competitive edge and significant investments as probable reasons for Ofori-Atta’s actions.
Furthermore, Asamoah-Siaw criticized Ofori-Atta’s handling of GN Bank during the banking sector clean-up in 2019, suggesting that Ofori-Atta perceived Nduom as a threat to his interests and acted accordingly.
GN Bank, which had transformed into GN Savings and Loans under Nduom’s ownership, had its operating license revoked by the Bank of Ghana due to insolvency issues, prompting legal action from Nduom’s side.
“Many, many people have asked me the following question these past two weeks:
“What at all did you do to Ken Ofori-Atta?
“Does anyone have the answer(s)?” he quizzed on social media.
In response, Kofi Asamoah-Siaw, who was the General Manager of GN Bank, noted that Ken Ofori-Atta was an enemy of progress who couldn’t stand Dr Nduom’s competitive edge and entrepreneurial spirit.
“I have the answers – 1. You were too difficult to beat in a competitive environment. 2. You had the biggest investment firm in Ghana when his firm was the first to be established. 3. As for GN Bank, your mistake was to send your signature everywhere. That is what you did wrong to an enemy of progress and someone who thinks Ghana belongs to his grandfather,” Kofi Asamoah-Siaw wrote.