Home Politics SHOCKING: See How Finance Minister’s Company Made Millions Despite Mismanaging Ghana’s Economy

SHOCKING: See How Finance Minister’s Company Made Millions Despite Mismanaging Ghana’s Economy

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Interesting revelation after the Akufo Addo led administration contacted the IMF for a bailout has shown that whiles Finance Minister Mr Ken Ofori Atta purportedly was mismanaging Ghana’ s economy, his private company Data Bank made huge profits from 2017 to 2021.

North Tongu MP, Hon Samuel Okudzeto Ablakwa making the revelation said ” While Finance Minister Ken Ofori- Atta was destroying the Ghanaian economy, he made sure his own businesses profited massively like never before from our miseries; with utter disregard for basic conflict of interest rules.

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According to his own reluctant response to a parliamentary question last week Databank earned an astonishing GHS159. 31million on its transaction advisor role on bonds issued from 2017- 2021. The NDC MP added that Mr Ken Ofori Atta has been blaspheming Ghanaians.

Whiles they are blaming the bad economy on Covid- 19 and Russia war, he was been able to rejuvenate his own company despite the challenges. ” It is most instructive to note that despite what they tell the Ghanaian people about the adverse economic effects of COVID- 19; 2020 and 2021 put together were the best years for his private fortune as he accumulated more than GHS105million”.

Before coming into power and appointed as a Minister of Finance in 2017, Data Bank was gaining a net profit of about GH¢ 30. 4 million annually. However, the company has risen from a net profit of ¢30. 4 million miraculously to GH¢159. 31 million within a space of four years. Meanwhile within the same time frame and pending global challenges Ghana’ s economy under him keeps getting worse.

According to Mr. Ablakwa, warnings of IMF were sounded to Mr. Ken Ofori-Atta but he wasn’t concerned. After seeing how Data Bank has developed, he can now better understand why Ken Ofori-Atta didn’t fancy any IMF disturbance.

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Frank Oteng known professionally as Ghlagatin is a Ghanaian celebrity blogger, freelance journalist, and reporter.He is the founder of Ghlagatin.net, an entertainment website. He graduated from Accra Technical University, ATU with a National High Diploma in Interior Design.

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