Akufo-Addo is Monetising his Presidency as Ghanaians prepare to Celebrate the Gloomiest Christmas ever

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No Ghanaian leader has ever entered office with wide business interest as Nana Akufo-Addo. He and his family including the current finance minister are operating many businesses which encompass hundreds of firms domestic and international that run insurance companies, shares in various companies, merchandise deals and more. Most of these businesses are being run by business associates of his cousin, his daughters, in laws and other friends.

The deals are being opaquely handled by his associates. Hon Kennedy Agyepong revealed that people who book appointments to see the President are being charged US$20,000 and US$30,000 by a cousin of the President before they are granted permission. His nephew and others denied the allegation but read this – The Ministry of Trade and Industry in collaboration with the Millennium Excellence Foundation hosted the Ghana Expatriates Business Awards.

Between UD$ 15,000 and US$75,000 was demanded from those who sat further away from the President. Documents from the Ministry of Trade and signed by a deputy trade minister show that US$100,000 each was demanded from expatriates who sat on the same table with the President. Apart from the President using his high office make monetary gains, these charges violate the fee and charges instrument passed by Parliament.

A heavy fog surrounds those doing business with the President and his cousin making tracing of other businesses of the President and his family difficult. The President through the instrumentality of his nephew has started buying mansions in the capital city and the United Kingdom. The President is causing harm by violations.

His administration has contracted a law firm of one of his nephews to review contracts which were properly scrutinised and signed by the previous administration. New Insurance policies have been introduced in some state institutions including our secondary schools and being managed by private insurance firms of his cousins and their spouses. His immediate family members have taken over the oil industry.

More worrisome is the fact that there is no indication that the Akufo-Addo administration has any plan for reducing the hardship it has visited on Ghanaians. Under this administration our Muslim brothers and sisters had the worst Sallah celebration and by all indications, this Christmas season is going to be the worst ever.

There is no attempt by government to evolve economic initiatives to improve the lot of the citizens, this administration has in the last eleven months churned out policies that stifle businesses in the formal and informal sectors including transport and spare parts businesses.

Source: Ohenenana Obonti Krow

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