Ken Ofori-Atta devastated Ghana’s economy – Bernard Mornah

Convener of the Arise Ghana Movement, Bernard Mornah, has accused former Finance Minister Ken Ofori-Atta of devastating Ghana’s economy, alleging deception, mismanagement and abuse of public trust.

Speaking in an interview on The Focus on Channel 247 with host Musah Lansah, Mornah questioned Ofori-Atta’s departure from Ghana on January 6, a day after the swearing-in of the new President, describing it as an act of “running away” from accountability.

Mornah claimed Ofori-Atta misled Ghanaians before assuming office by promising not to take a salary and to use personal resources for official duties, only to later preside over what he described as massive economic hardship and financial mismanagement.

He further alleged that during the height of the Covid-19 pandemic, funds meant to insure frontline health workers were diverted to Enterprise Insurance, a company he claimed was founded by Ofori-Atta and later handed over to his wife. According to Mornah, no insurance certificates were issued, no beneficiary list was published, and no claims have been paid, despite the funds being disbursed.

Describing the transaction as a scandal, Mornah said no amount has been recovered to date and no accountability provided to the public.

The Arise Ghana convener also blamed Ofori-Atta for Ghana’s domestic debt exchange programme, accusing him of misleading President Nana Akufo-Addo into assuring the nation there would be no haircut. He argued that the policy ultimately led to severe financial losses for pensioners and bondholders.

Mornah cited reports claiming that hundreds of pensioners died due to financial stress following the haircut, saying many were unable to afford medical care after losing access to their savings.

“These are not fanciful claims,” Mornah insisted. “These things happened, and Ghanaians suffered.”

He concluded that the former finance minister’s actions would leave what he described as a “legacy of regret” for the Akufo-Addo administration.

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