Ghanaian President Nana Akufo-Addo Reshuffles Cabinet Amid Economic Crisis: Over 20 Ministers Affected

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Ghanaian President Nana Akufo-Addo Reshuffles Cabinet Amid Economic Crisis: Over 20 Ministers Affected

Ghanaian President Nana Akufo-Addo has undertaken a significant restructuring of his cabinet, impacting more than 20 ministerial positions. The move, announced by the communications directorate of Accra’s Jubilee House, the presidential palace, includes the replacement of Ken Ofori-Atta, the former finance minister. Ofori-Atta's removal comes amidst mounting criticism of his handling of Ghana's worst economic downturn in a decade.

The decision to shuffle the cabinet follows a sobering 2023 World Bank report, which attributed Ghana's economic challenges to a combination of internal imbalances and external pressures. The report highlighted currency devaluation, escalating inflation, and a decline in investor confidence as key indicators of the crisis. Notably, Ghana's central bank recorded a staggering loss of 60.8 billion cedi in July 2022, primarily attributed to debt restructuring efforts.

Mohammed Adam, the current minister of state at the finance ministry and former deputy energy minister, has been appointed to succeed Ofori-Atta as the new finance minister. Alongside the finance ministry, other key portfolios affected by the reshuffle include health, environment, science, technology and innovation, gender, children and social protection, and tourism, arts, and culture. Additionally, several deputy ministerial positions were also affected by the changes.

In a statement, President Akufo-Addo expressed confidence that the nominees for the reshuffled positions would swiftly receive parliamentary approval, emphasizing the need for bipartisan cooperation to facilitate the smooth functioning of the government. Akufo-Addo's second term in office is marked by a commitment to address the pressing economic challenges facing Ghana, with the general election scheduled for December 2024.

As President Akufo-Addo approaches the end of his constitutionally mandated two-term limit, the reshuffling of the cabinet underscores his administration's efforts to navigate Ghana through a period of economic uncertainty while laying the groundwork for a smooth transition of power in the upcoming election.

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