PV Dadson Boateng Jantuah, a former government official appointed during the John Dramani Mahama administration, thinks President Akufo-Addo is not as skilled a politician as some Ghanaians and the ruling New Patriotic party have claimed (NPP).
He is surprised that President Akufo-Addo has not fired half of his underperforming ministers, particularly the Finance Minister, given that there have been numerous calls for him to do so.
Speaking on Ultimate 106.9 FM, Mr. Jantuah wondered why the president would ask for time for Finance Minister Ken Ofori-Atta to conclude Ghana’s IMF negotiations before his sacking or any other decision.
After 80 members of the ruling NPP pushed for a vote of no confidence in the Minister on Tuesday, President Akufo-Addo requested additional time for the troubled Finance Minister Ken Ofori-Atta to wrap up talks with the International Monetary Fund (IMF).
Mr. Jantuah thinks the President’s hesitation to act is a glaring example of his lack of political knowledge.
“With the greatest of respect His Excellency the President, our president doesn’t understand what ken Ofori Atta is doing”
“I am surprised the President holds a bachelor’s degree in economics and he doesn’t understand what is going on, because if he really understands what it takes to run an economy he shouldn’t have entertained Ofori Atta up till this time. Here is a Finance Minister and what he knows is to borrow without recourse to repayment, is that how we run an economy” he said
“In the maiden state of the nation address he said if they honor statutory payment and emolument plus amortization there is no fiscal space left, so what do you have to do, create the fiscal space first before you add expenditure, but from the get go they keep add expenditure without knowing where the money is going to come from?” he questioned.
“And if you have a finance minister who will superintend over an activity like this, then he is not fir for purpose”
Mr. Jantuah says the Finance minister is a failure and should have been relieved of his position long ago.
“The Finance minister Ken Ofori Atta has done almost everything wrong. All that Ken Ofori Atta know is to go and borrow, everything we should go and borrow, meanwhile you are unable to raise revenue. So how are you going to pay your debt?. All the reasons he has assigned for borrowing is to pay maturing debt and interest rate. The President is just gambling with the economy and with Ken, his sacking is long overdue. Ken’s background of investment banking, is his problem, corporate financing is different from managing the finances of state. I am for an accountant’s being appointed as finance ministers because, every accountant wants his books balanced, look at Baah Wiredu, look at Seth Tepkpe . f you bring any new expenditure you have to go and look for the money”, he argued.