Skip to main content

Ken Ofori-Atta assumes office as Minister of Finance


Mr. Ken Ofori-Atta, assumed office as Ghana’s Finance Minister after having been sworn-in on January 27, 2017, by his Excellency President Nana Akufo-Addo.

A statement from the Public Relations Unit of the Ministry of Finance said the minister brings to the Ministry over 30 years’ experience in Ghanaian and international financial sector.

Hon. Ofori-Atta and twelve other Minister designates were approved by Parliament on Friday, January 27, after going through a successful vetting process by the Appointments Committee of Parliament.

According to the statement, the Hon Minister’s immediate priority is to protect the public purse, stabilize Ghana’s macro economy, spearhead anti-corruption, increase revenue and introduce policy initiatives to grow the economy for the private sector to thrive and create jobs.

“We will create wealth and improve people’s lives by ensuring economic freedom as the mainstay of the economy. I am committed to cleaning up our public finances, managing the enormous debt that we have inherited in order to create the needed fiscal space, invest in critical infrastructure, and empower the private sector to create jobs”, it noted.

It also said that the legacy of the Ministry will be a professional institution with global standards in treasury and risk management to give effect to enforcing the Public Finance Management Act (PFMA).

“He intends to work hard to get the economy growing eventually at double digits through policies and strategies that will increase revenue, reduce waste, control spending, grow the economy to create jobs,” the PR Unit said.

The statement said the Minister has said that the 3-year IMF programme was needed to achieve fiscal consolidation, though it is presently in a delicate state. “I am committed to an IMF programme which addresses our current predicaments and will ensure that we also meet all the necessary structural benchmarks that may be suggested. As our president has stated, we now need to “get Ghana working again in order to create jobs”.

He further assured that he will deliver with God’s guidance on the NPPs Manifesto pledges in spite of the daunting economic challenges. He is optimistic that in the President’s first budget, there will be clear path towards fulfilling the manifesto pledges and opening economic space for the private sector to thrive.

The new Minister was a Co-Founder and former Executive Chairman of the Databank Group, (a premier investment banking firm) in Ghana. 

Prior to co-founding Databank in 1990, the Hon Minister was an investment banker at Morgan Stanley and Salomon Brothers on Wall Street in New York. He has over the past 25-years since he returned from New York, had business interests in Insurance, Retail Banking, Private Equity, Pharmaceuticals and Real Estate. 

He went to Achimota School; received a BA in Economics from Columbia University in New York and an MBA from the Yale School of Management.


Comments

Popular posts from this blog

Deputy AG sues Facebooker over 'malicious' Ameri deal

The Deputy Attorney-General and Member of Parliament for Bolgatanga East, Mr Dominic Ayine has filed a defamation suit at an Accra High Court against a Facebook commentator, Evron Hughes.
In Mr Ayine’s statement of claim, sighted by Graphic Online, he accused Mr Hughes of defaming him in a post he authored and published on Facebook on December 21, 2015, titled “RE: AMERI TRANSACTION”.
According to the Deputy A-G, the “false and malicious” post has provoked “public disaffection” against him and exposed him to public ridicule and contempt.
Describing Mr Hughes as a “self-styled social media blogger and a social commentator”, Mr Ayine said the Facebook post had brought his hard-won reputation “as a respected politician, teacher and lawyer” into “hatred, ridicule, odium, discredit, contempt, opprobrium and reproach”.
The Deputy A-G said the “defamatory words” were authored with the sole intent to reduce him in the estimation of all right thinking Ghanaians, adding that he had received numerou…

Meet Ghanaian female shoemaker

The Saint Ozwald shoe brand

By: Fred Yaw SARPONG
The Daily Express

From her humble beginning in Sunyani in the Brong Ahafo region, a senior high female graduate from the Twene Amanfo Senior high in the Brong Ahafo Sunyani and a Ghanaian now boasts of being one of the most popular Made-in-Ghana shoe brands and has the most number of celebrity endorsements.
Sandra Ozwald, CEO of Saint Ozwald

After Sandrah Ozwald completed school in 2013, her parent couldn't have enough money to help her continue school so she planned to do something for herself by selling ice cream, groundnut cakes or food. Back at the senior high, Sandra used to make groundnut cakes, condensed toffees and ice cream to support herself since her mother couldn't provide all for her.

With 12 siblings and the only girl child (2nd born) among them, and whiles planning which of these to sell, Sandra attended a friend’s wedding and the grooms shoe looked so attractive to her.

According to her, the groom’s shoes were Ma…