"Fitch: Ofori-Atta’s dismissal imminent as Akufo-Addo under pressure to address corruption, economic mismanagement allegations"

" Fitch: Ofori-Atta's dismissal imminent as Akufo-Addo under pressure to address corruption, economic mismanagement allegations \r\n\r\nFitch Solutions, research arm of Fitch Ratings, has noted that growing pressure on President Akufo-Addo to address corruption and economic mismanagement allegations could eventually lead to his dismissal of Finance Minister, Ken Ofori-Atta.\r\n\r\nThe assertion by Fitch Solutions in a recent report dubbed \u201cDivision within Ghana\u2019s Ruling Party to Weigh on Political Stability\u201d follows calls from MPs of the ruling New Patriotic Party (NPP) in Parliament for the removal of the Finance Minister.\r\n\r\nAccording to research agency, the NPP MPs are likely to increasingly put pressure on the President to dismiss Ken Ofori-Atta.\r\n\r\nFailure on the part of the President to dismiss the Finance Minister, it says, will result in the MPs voting against or abstaining from government legislation\/policies brought to Parliament as already threatened by the NPP MPs, paralysing the already slow policy making process and delay necessary fiscal reforms as well as President Akufo-Addo\u2019s wider political agenda.\r\n\r\n \"We believe there is a growing risk that these pressures could eventually lead to the removal of Ofori-Atta.\u00a0On November 14, Akufo-Addo fired the Minister of State at the Ministry of Finance \u2013 Adu Boahen \u2013 following unproven allegations in a report into illegal gold mining. While being unrelated to the claims against Ofori-Atta, this move demonstrates that Akufo-Addo is increasingly under pressure to address corruption and economic mismanagement allegations. \r\n\r\n \"The 80 NPP members of parliament (MPs) that want the finance minister to be replaced are likely to increasingly put pressure on Akufo-Addo to do so. Indeed, we believe there is scope that this faction could abstain from voting or vote against the NPP\u2019s legislation. Given that the ruling party does not have a clear majority in parliament, this would effectively paralyse the already-slow policy-making process and delay necessary fiscal reforms as well as Akufo-Addo\u2019s wider political agenda,\" Fitch stated.\r\n\r\nFinance Minister, Ken Ofori-Atta, is currently facing a censure motion tabled before Parliament by the Minority Caucus over alleged mismanagement of the Ghanaian economy and alleged unconstitutional withdrawals from the government\u2019s Consolidated Funds to build the National Cathedral."

"Fitch: Ofori-Atta’s dismissal imminent as Akufo-Addo under pressure to address corruption, economic mismanagement allegations"

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