Zeqblog Blog of Monday, 30 December 2024
Source: Okine Isaac
Over the years, more than sixteen finance ministers have tried their best to influence the country's financial future to the best of their abilities, but Ken Ofori-Atta is unmatched when it comes to shrewd problem-solving.
His nomination by Nana Addo Dankwa Akufo-Addo in 2017 was the subject of numerous controversy, chief among them the way he handled specific deals throughout his tenure.
The 'almighty Agyapa Royalties Deal' controversy appears to be going on forever, and I believe this has influenced how many Ghanaians view the finance ministry.
The public starts constructing their own story, which is very different from the original and may, in most circumstances, contain an aspect of truth, as soon as a public official's actions seem suspicious.
However, we must constantly endeavor to exercise caution and employ a high degree of discernment when we exercise our freedom of speech and expression, which is expressly guaranteed by the Supreme Law of the land.
I doubt that any of us would want to be in Nuetey Latif Ahinguah's position, who was forced to experience a year in prison for pretending to be Ken Ofori-Atta on social media.
Let's go past that and talk about the primary topic. Let's take a look at the detailed synopsis of his profile first, though.
Mr. Kenneth Ofori-Atta was born in Kibi, in the Eastern Region of Ghana, on November 7, 1958. He is happily married to Professor Angela Lamensdorf Ofori-Atta and has four beautiful children.
She has stayed by his side through thick and thin, even when he was ill and had to flee to the United States for treatment, as a very devoted and supporting wife. She stood firmly by him during his screening today as well.
Ken continued his study at Columbia University after earning his Ordinary Level and Advanced Level certificates from Achimota School. In 1984, he earned a Bachelor of Arts in Economics.
He also earned an MBA from Yale University School of Management four years later.
His practice areas Incorporate real estate, insurance, microfinance, private equity, debt and equity management, and medicines.
He and his coworkers Daniel Ofori-Atta, Togbe Afede XIV, and Keli Gadzekpo co-founded Databank Financial Services two years later.
In addition to being a debt and equity manager at Salomon Brothers and Morgon Stanley, he performed admirably as the bank's Executive Chairman till 2012.
In addition, Ken is a Henry Crown Fellow of the Aspen Institute and a co-founder of the Aspen Africa Leadership Initiative.
In the realm of global leadership, Mr. Ofori-Atta has been an ex-officio member of the World Bank Group's Multilateral Investment Guarantee Agency, the African Development Bank's Board of Governors, and the World Bank's Board of Governors since 2017.
Since 2018, the esteemed financial specialist has additionally held the position of Chairman of the Joint World Bank-International Monetary Fund Development Committee.
In the past, he was a director of Enterprise Group Limited and a board member of the Acumen Fund.
In addition, he currently serves as the chairman of the Trust Bank Limited of the Gambia, the chairman of the African Caucus at the World Bank, and the chairman of the governing board of the African Capacity Building Foundation.
Ken Ofori-Atta, who has over thirty years of experience in both local and international finance, was named the Best Africa Finance Minister by London-based magazine The Banker in 2018.
As of right now, Ken is the first African to speak in favor of the African Growth and Opportunity Act before the US Congress Ways and Means Committee.
Given his condition, he was subjected to a litany of questions during his evaluation for the position of finance minister.
As a nominee for Minister of Finance, Mr. Ken Ofori-Atta's poise under pressure while being screened by a number of knowledgeable professionals from a variety of professional backgrounds demonstrated an unbreakable assertiveness.
Given the size of the panel he was facing at the moment, I'm sure many people anticipated that he might tremble a little.
However, he chose to take advantage of the occasion to calmly and modestly reprimand a few of the panelists.
Naturally, a lot of people could believe that he skipped over certain important points that should have been covered in depth, but if you examine his approach closely, it was actually rather effective.
Indirectly, some people were discouraged from asking difficult questions that would have led him to an unfamiliar place because of his word choice and tone.
His claim that the Agyapa Royalties Deal did not violate any laws was absorbed in a very astute and composed way.
Additionally, based on his general manner, he exuded confidence that he was prepared to serve a second term as Finance Minister.
He already knew how to respond to any questions that were posed to him (in Parliament or in public) and could either predict the future or stop the flow of questions in a difficult area that would cause him discomfort.
He seems to be highly intelligent when it comes to answering questions, but he was unable to handle the difficulties when confronted with economic reality. His failure to turn important economic initiatives or ideas into creative economic achievements that benefit the entire nation may make the economic outlook unworthy of much attention.