The vilification that came the way of honorable Kenn Ofori- Atta, Ghana’s Finance Minister, two months ago could have had bad psychological consequences on many ordinary people.
For days, Kenn Ofori-Atta suffered unsavory comments from within his own party immediately after some eighty (80) MPs organized a press conference and called for his head. The image Kenn Ofori-Atta had carved for himself as an astute investment banker with an experience spanning over the last thirty years was thrown to the dogs who tore it apart with denigrating commentaries.
And as the dollar trumped the cedi in a fashion that hasn’t been seen before in the Fourth Republic and peaked at 1 dollar to 15 cedis, calls for Kenn Ofori-Atta to resign from his post intensified.
A great number of NPP MPs threatened to boycott his presentation of the budget for 2023; blaming him for the poor performance of the economy. Kenn’s promissory statements laced with bible quotations of comfort that the economy would bounce back were met with doubts and insults. President Akuffo-Addo was not spared insults and criticisms also, as many lambasted him for not sacking the Finance Minister for his poor performance.
At the moment, the scales have turned in favor of Kenn Ofori-Atta. Since last week, the cedi has been appreciating against the dollar. On the Bank of Ghana’s website, one dollar was trading at 10.3948 and selling at 10.4052 cedis as at the time of filing this report. Fuel prices are dropping and traders have been urged by the president of GUTA to reduce their prices.
What case do the NPP MPs who organized the press conference to court public disaffection for Kenn Ofori-Atta, many of whom have little to show for their various private endeavors, have against Kenn Ofori-Atta as signs of economic rebound stare in their faces? Would they bow their heads in shame and apologize for their indiscretions? Would they still stand by their position and continue to press on for Kenn’s resignation?
The coming days will tell. Kenn’s display of diligence and competence in handling the otherwise bad economic situation have seen the light of day. Now, what again?