The Founder and President of Group Nduom, Papa Kwesi Nduom has alleged that the economy was collapsed by former Finance Minister Ken Ofori-Atta and his team.

He stated that the former finance minister failed to manage the nation’s economy as expected.

“I am making the point that the economy of Ghana was destroyed by the actions of a handful of people who controlled the financial and investment sectors. And the leader, the one who led this, and is still behind it, as if he is not there, is Kenneth Ofori-Atta,” he alleged.

Papa Kwesi Nduom challenged the former minister to “come to the public and say it wasn’t me, but it was somebody else” who destroyed Ghana’s economy.

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The businessman made the allegations during his weekly live Facebook interaction with the public on Wednesday, 13th November 2024.

Every week, Papa Kwesi Nduom speaks on the state of the country’s economy via his Facebook page. In a segment he initiated and called "Disappointed but not Discouraged", he addresses key issues and offers solutions to the government on how to improve the nation’s economic direction.

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The seasoned politician’s businesses in the financial sector were heavily affected, leading to the collapse of GN Bank, Gold Coast Securities, and some of his production firms, following the Nana Addo-led government’s banking sector clean-up exercise in 2018.

In his most recent conversation, Papa Kwesi Nduom claimed that his bank was deliberately collapsed because he does not belong to the ruling New Patriotic Party (NPP).