On Tuesday, October 25, about 80 Members of Parliament within the governing New Patriotic Party were reported to have signed a petition demanding the removal of Ken Ofori-Atta as finance minister.
The group, through a press conference, also demanded the removal of Charles Adu Boahen, who serves as a Minister of State at the finance ministry; a close ally of Ken Ofori-Atta.
The MPs explained that their position follows several concerns over the poor management of the economy, which has forced the government to seek IMF assistance.
The group added that should the president fail to heed to their call, they will no longer do business with the government nor support the 2023 budget.
The MP for Asante-Akim North, Andy Kwame Appiah-Kubi, who introduced himself as the spokesperson for the Majority Caucus, said that several concerns raised on economic management have been sent to government, but are all yet to yield the intended results.
In the wake of the development, some Ghanaians on social media have lauded the confidence of the majority MPs.
Although President Nana Addo Dankwa Akufo-Addo has on numerous occasions backed down against calls to change his finance minister, the pressure now appears to be mounting from within his own party.
Some citizens have also already concluded that the president would likely not dismiss Ken Ofori-Atta, basing their assumption on the close family ties Akufo-Ado has with the finance minister.
While this is yet to come to fruition, GhanaWeb Business has compiled a list of potential candidates who are likely to be the best replacements if Ken Ofori-Atta is taken off the job at the Ministry of Finance.
Dr Mark Assibey Yeboah
Dr Assibey-Yeboah is a former Chairman of the Finance Committee of Parliament. During his tenure as chair, he led many engagements toward sound economic indicators of government.
He has also earned himself a reputation for being an economic guru among his peers.
Prior to Ghana returning to the IMF, Dr Assibey-Yeboah warned of harsh economic conditions and therefore called on the government to resort to the Fund at an earlier time ahead of its July 1, 2022 decision.
He also cast doubts on the government’s ability to raise the projected GH¢6.9 billion revenue target from the controversial Electronic Transfer Levy (E-Levy), insisting they would not be able to realise the intended target – a prediction which came to be.
Dr. Assibey-Yeboah holds a BSc (Hons) in Agricultural Economics degree from Kwame Nkrumah University of Science and Technology (KNUST). He also holds an MS (Agricultural and Resource Economics) from the University of Delaware, USA.
He has earned an MA and a Ph.D. both in Economics from the University of Tennessee, USA specializing in International Macroeconomics, Monetary Economics and Econometrics.
Dr Assibey-Yeboah has worked in various capacities, locally and abroad. He has served as lecturer at the University of Tennessee, USA and worked in a similar capacity as an Adjunct Faculty at Milligan College, Tennessee-USA.
The former lawmaker has also served as a senior economist at the Bank of Ghana and has been a lecturer at the Ghana Telecom Technology University College and Ghana Institute of Management and Public Administration (GIMPA).
Professor Gyan-Baffour
Prof. George Yaw Gyan-Baffour is a Ghanaian development economist. He was in charge of the former Ministry of Planning, Monitoring and Evaluation.
He is credited for the introduction of Ghana’s first Monitoring and Evaluation mechanism which was used for assessing the progress of national development and dubbed the ‘Annual Progress Report’.
Despite the ministry no longer being in existence, the mechanism continues to be used in the monitoring and evaluation tool of Ghana’s development agenda.
He also supervised the preparation of the Coordinated Program for the Economic and Social Development of Ghana (2002-2012), which is a constitutional requirement for the President of the Republic of Ghana.
Prof. Gyan Baffour is also credited for leading the team that prepared Ghana’s first compact under the Millennium Challenge Account.
Prior to leaving for the USA to further his education, Prof. Baffour worked at the Ministry of Industrial Science and Technology from 1974 to 1984.
He is a fellow of the Institute of Chartered Economists of Ghana and has served on various boards of institutions, including the Bank of Ghana.
He holds a Ph.D. from the University of Wisconsin, Madison in Industrial Relations; a Post Doctorate diploma from Harvard University, John F. Kennedy School of Government; an MA in economic policy from University of Wisconsin, Madison; a BSc. (Hons) degree in Economics from the University of Ghana.
