‘Approving Ofori-Atta by consensus disappointing’ – ASEPA

The Executive Director for Alliance for Social Equity and Public Accountability (ASEPA), Mensah Thompson has expressed disappointment in the Members of Parliament (MPs) on the Appointment Committee over the approval of Finance Minister-designate Ken Ofori-Atta.

There reports that the Appointments Committee of Parliament has recommended for approval the nomination of Mr Ofori-Atta as Minister of Finance.

Reacting to the report on Morning Update onTV XYZ, Mensah Thompson said whilst he cannot confirm the report it will be a bad precedent if he is approved without them dealing with the numerous petitions against Ofori-Atta.

‘I’m quite worried, Eric, if that turns out to be the case. You remember we have sent a petition to Parliament, to the committee, we have raised a number of issues; we’ve received some assurance from the commitee that they were going to work on it and look iat the issues to the latter.”

“Apart from that, we have also submited to the committee, a list of witnesses which we wanted the comittee to invite to testify based on the issues we raised. We had also submitted hardcore evidence of the issue we raised against the nomination of Ken Ofori-Atta and we had been assured that they werr egoing to look into these issues,” he added whilst expressing shock as to why the Committee did not call the witnesses to testify during the veting.


In a 37 paged petition to the Appointments Committee of Parliament, ASEPA indicated that based on Mr Ofori-Atta’s role in the collapse of a number of financial institutions, among others, it believes he is no longer fit to hold the position.

Thompson, stressed that the track record of the Finance Minister-designate leaves much to be desired.

“It is our contention that based on the serious violation of our law as enumerated above, the various misconduct and the activities of Mr Ken Ofori-Atta between 2017 and 2021, we believe that Mr Ken Ofori-Atta should be standing criminal prosecution and not a vetting by the Appointments Committee. We are however praying on the Appointments Committee to outrightly put the interest of this country first and reject the appointment of Mr Ken Ofori-Atta.”

The financial sector clean-up was commenced by the Akufo-Addo administration in August 2017 and led to the collapse of nine (9) universal banks, 347 microfinance companies, 39 microcredit companies or moneylenders, 15 savings and loans companies, eight finance house companies, and two non-bank financial institutions. This cost the government over 21billion Ghana cedis.

ASEPA believes through the collapse of tthe banks and the Agyapa Deal, Ofori-Atta was “in direct contravention with the provisions of our constitution,” adding that he flouted Financial Administration ACT , Public Financial Management ACT and Fiscal Responsibility ACT as a Finance Minister in the first term of the Akufo-Addo government.


Source: Ghana|

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