The General Secretary of pressure group Alliance for Accountable Governance (AFAG), has described Finance Minister, Ken Ofori-Atta as a failure. 

Mr Arnold Boateng says the Minister should be blamed solely for the current economic crisis.

According to him, his posture as the Finance Minster does not augur well for the country.

Speaking on Citi FM on Monday, he called on President Akufo-Addo to reassign the Finance Minister if he cannot fire him.  

“Clearly it looks like the Finance Ministry and the government has dropped the ball on the economy.”

“Reassign the Finance Minister and Adu-Boahen because they have been there for a long time and their activities have caused the mess we are in now.”

Mr Arnold Boateng added that the name Ofori-Atta is now synonymous with incompetence. 

“His posture does not augur well. He has lost the trust of the nation. 

“The name Ken Ofori-Atta has become synonymous with failure, synonymous with incompetence and any adjective you can call,” he insisted. 

Meanwhile, the Governor of the Bank of Ghana (BoG) will on Tuesday meet managers of banks and operators of forex bureaux to address the depreciation of the cedi.

The meeting is also supposed to fix what the banks say is the overpricing of the dollar on the market.

The local currency has depreciated further to sell at ¢15.20 to one US dollar.

This is about 3.4% depreciation in less than a day, after trading on October 24, at ¢14.70.