Finance Ministry under my leadership engaged in prudent financial mg’t and strategic allocation of resources – Ofori-Atta

Former Finance Minister Ken Ofori-Atta has said that through prudent financial management and strategic allocation of resources, the Finance Ministry under his leadership pursued initiatives aimed at boosting economic growth, promoting social welfare, and expanding infrastructural development.

As a result of these efforts, he said the country has experienced remarkable progress.

Mr Ofori-Atta was replaced by the Minister of State at the Finance Ministry Dr Mohammed Amin Adams in the recent ministerial reshuffle done by President Akufo-Addo.

He told the staff of the Ministry to support Dr Mohammed Amin Adamafter describing Dr Amin Adam as a smart, humble and inclusive leader.

In a statement, he said “The future is here with us as we are blessed with a new leader, Dr Mohammed Amin Adam, who replaced the venerable Charles Adu Boahen and has been with us through some of the most difficult times. Let us all circle the wagons and ensure a blazing success for his stewardship.

“We all know him as a smart, humble and inclusive leader. Let me state with all humility that nothing would honour me and the ‘Office of the Minister’ more than for you to work with renewed diligence to guide Hon. Amin and our nation to the successful execution of the IMF-ECF programme to promote economic growth and transformation.”

He added “Together, we have weathered storms, surmounted challenges, and won key battles for the Republic. Reflecting on our journey, I am reminded of the work we have together done through the seven (7) Budget Statements we developed and implemented over the period.

“The three (3) Budgets before 2020 sowed the seeds, nurtured a remarkable rebound of growth and greatly stabilized the macro-economic turbulence we faced. This put the economy on a positive trajectory for a proper take-off. Indeed, your commitment and positive energy while we pursued the principles of irreversibility, fiscal responsibility and value-for-money were truly admirable.

“We reminded ourselves that we had only two fishes and five loaves for the monumental task ahead while ensuring a deliberateness of the preferential options for the poor and promoting private sector productivity. Since March 2020, our four (4) Budgets however, have focused on protecting lives, preserving livelihoods and recovering from the impact of the, that truly once-in-a- lifetime apocalyptic pandemic, COVID-19, as well as geopolitical upheavals. Indeed, amidst these poly-crises, we at MoF stood strong as the Midwives of the Republic to help ease the pain on our Fellow Citizens.

“Through prudent financial management and strategic allocation of resources, we have pursued initiatives aimed at boosting economic growth, promoting social welfare, and expanding infrastructural development. As a result of these efforts, our country has experienced remarkable progress. 1/ Ministry of Finance: Professional, Ethical, Efficient, Responsive-Transforming Ghana Beyond Aid.”