Keeping four ministers at Finance Ministry wasteful expenditure – NDC communicator

A member of the Communications team of the main opposition National Democratic Congress (NDC), Bernard Oduro Takyi (BOT) has raised questions about the number of Ministers kept at the Finance Ministry.

In his view, the number of Ministers at the Finance Ministry has nothing to show after serving in that ministry all these years.

He said their existence at the Ministry has led to all the rating organizations downgrading Ghana’s economy to CAA1 thereby making Ghana’s economy a “junk economy”.

Speaking on the Ghana Yensom morning show hosted by Kwame Obeng Sarkodie, Monday, March 28, 2022, Mr. Takyi wondered why President Akufo-Addo was keeping four persons at the Finance Ministry alone.

“Ghana‘s population is less than 40 million, and we’ve four Ministers managing an economy that is already collapsed,” he bemoaned.

He noted that keeping four ministers at the Ministry of Finance is the beginning of the country’s wasteful expenditure.

“Go to the United States of America and the United Kingdom, they only have one minister for the management of the economy,” he argued.

“The Ministers have woefully failed to deliver economic stability for Ghanaians because the main minister, Ken Ofori-Atta, Minister of State, Charles Adu Boahen, and two deputies namely Dr. John Kumah, Ms. Abena Osei Asare, do not understand the situation they have been put in by the president,” he added.

The NDC communicator believed that in any serious economy, the Finance Minister, who is an investment inclined person would not be at the post by now.

According to him, the 47-page economic restoration program announced by the Finance Minister clearly states he has failed the state.

He said the Finance Minister’s philosophy is all about investments and not about the financial management of the economy.

“He does not understand economic management, he eats and drinks investments hence his inordinate borrowing,” Mr. Takyi stated.

According to him, “Keeping four ministers at the Ministry is a wasteful expenditure to the highest order”.

He called on President Akufo-Addo to cut down on the number of Finance Ministers adding that “if the four ministers had performed as expected of them we will not have been here today.”

Source: Classfmonline.com