Ken Ofori Atta may be an experienced banker but running the finance and economic planning of a country is substantially different from running a private bank, Kwesi Pratt, Managing Editor of the Insight Newspaper has said.
According to him, things in the private sector is a different ball game from that of the public sector, hence the Finance Minister-Designate may not perform successfully as he did in his private career.
President Nana Addo Dankwa Akufo-Addo, on Tuesday 10th January 2017, nominated 13 persons including Ken Ofori Atta as Ministers of State.
He is the co-founder of Databank, an indigenous Ghanaian bank which is well known for investment banking.
Many have said since he was successful in contributing his quota to the financial service as a private man, he would bring fresh thinking and innovation to the Finance Ministry and manage the economy well.
However, critics including Kwesi Pratt argue that since he has never held any position in the public sector before, he would find it difficult conforming to the dynamics of his new sector, a situation which may affect his performance.
Speaking on Metro TV’s Good morning Ghana on Wednesday, the Managing Editor pointed out that as Finance Minister, Ken Ofori Atta is going to look at how to accumulate social profit, look at the political profit of the economy and which is not done when running a bank.
In his view, he believes the likes of Dr. Osei Akoto and Mr. Osafo Marfo who have experience in in that sector would have done a great job if one was appointed to the Finance Minister position.
“As a Minister of Finance you would have to work to please people who may not have any understanding about the technical workings of the economy and also work to deliver results which are not really economic and that may be a challenge for Ken”, Kwesi Pratt observed.
Though he emphasized that managing the economy would be a challenge for Mr. Ofori Atta, he wished him well, urging him to open himself up for advice from the experienced ones.
Source: myradio360.com
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Lol. Finally he's out of his hiding place. Any ways mr Pratt, did Fiifi kwetey have any understanding, knowledge and experience in public service accounting before he was appointed deputy minister of finance? Nhwehwe enim ara gyan
it is paining you that npp has won. go to h3lllllll
Kwasi pratt said Nana can never become the president of Ghana. Kwasi where have you been? shaaame unto you. your wish did not materialize. your corrupt source of income has been truncated. ***barred word***!! your diabolical ideas will not stand
Can we state Our opinion without insulting Kwesi, Just because someone does not support your idea does not make him and enemy. Kwesi was there and played a key role in the formation of NPP,He was a confidant of Kuffour and played a key role in the media to bring NPP to power in the year 2000. Lets respect Our elders and people who fought with their lives for the freedom we enjoying today.Kwesi thank God for people like You who help shape political discourse in Ghana
THE FINANCE PORTFOLIO HAS DIFFERENT FACETS AND FACED WITH THE ROT WE HAVE NOW, FINANCIAL ENGINEERING IS THE KEY. ADDITIONALLY NADAA HAS SET UP AN ECONOMIC MANAGEMENT TEAM HEADED BY BAWUMIA AND WHICH INCLUDES KEN, OSAFO MAAFO, AKOTO OSEI AND GYAN BAFFOUR SO RATHER CRITICIZE AS USUAL GIVE SOME BENEFIT OF DOUBT TO THE YET TO COMMENCE FINANCE MINISTER AND ECONOMIC MANAGEMENT TEAM ANDGIVE THEM TIME.
Kwesi, the truth of the matter is, you are shocked by the victory of the NPP. You never wished Prez Akufo-Addo well, how can you wish any of the ministers well. Stay your corner and let NPP do their possible best and salvage the economy. You're dumbfounded by the margin of victory recorded sham..ess mam!
this mental midget, pratt, betrayed kweku baako and almost got him killed during the PNDC days. he is evil in deed and in word. he is a disgraced pathetic l0ser and no one cares what he has to say at all.
Oh yeah! Did the others come from the moon? Good finance ministers are not born, they develop over the course. Leave Ken alone.
***barred word***. Look at the number 1 mole in Ghana. Face CPP man,Fake socialist, NDC spy. U choose money instead of defending your comrade. U pretend to be fighting for Ghana. Little did Ghanaians know you were amassing wealth. You have gradually becoming a liability to Ghana. Ka wo ano paa do (***barred word***). Oman bo3 nyi (destroyer of the nation). It is God that maketh man rich. And adds no sorrow. Its just a matter of time. We live to see.
Tekper is one of the worst economic ministers, if not the worst, in the political history of Ghana. His tax-based management of the economy brought untold hardship to Ghanaians with attendant ballooning of the National debt. Tepker, who had been working for Bank of Ghana, and thus have had rich experience in public office ended up ceding Ghana's economic management to IMF. What did his public service experience bring to improve the lives of the citizenry?