John Amewu, the Minister of Railway Development has said the Minister of Finance, Ken Ofori-Atta, is one of the best economists in Ghana under the 4th Republic. Since the IMF bailout news, the public questioned Ken Ofori’s competence because he had earlier repeatedly given assurances that the country would not go to the Fund.
Mr. Amewu said the following in interview with TV3’s Paa Kwesi Asare yesterday, July 5.
This Finance Minister has been one of the best brains so far , everybody can attest to the fact that.
When asked why Ofori has been borrowing, Mr. Amewu said;
What is wrong with borrowing? If you borrow for a good reason there is nothing wrong, when you borrow for consumption, that is when you have a problem.
The infrastructural development that we are seeing today, it is part of the borrowing and we are borrowing for a good reason. These projects as have clearly demonstrated, are bankable projects, so if you borrow to finance a bankable project that has shown all elements of bankability, I don’t think there is anything wrong about it.
The Finance Minister has done extremely well and I think so far he has been one of the best Finance Ministers we have seen in the Fourth Republic.
