Ghana's Majority Leader, Mahama Ayariga, has publicly demanded the return of former Finance Minister Ken Ofori-Atta to account for the nation's significant debt burden. Speaking during the 2026 Mid-Year Fiscal Policy Review in Parliament on Thursday, July 23, Mr Ayariga accused Mr Ofori-Atta of reckless borrowing and economic mismanagement.
Mr Ayariga stated that Mr Ofori-Atta should explain to Ghanaians how the country's finances were managed during his tenure. He claimed the former Finance Minister left the country after creating the debt. This demand highlights the ongoing political scrutiny over Ghana's public finances and the accountability of past government officials.
This call for accountability comes as Ghana continues to navigate its economic challenges, including a high public debt-to-GDP ratio. The country has been implementing various fiscal consolidation measures to restore macroeconomic stability. Discussions around past borrowing practices often resurface during budget reviews, reflecting persistent concerns about fiscal discipline and sustainable debt management.
“Where is the man who put us in debt? Where is Ken Ofori-Atta? After borrowing recklessly and creating the debt, he has gone and is hiding in the United States of America. We must bring Ken Ofori-Atta back,” Mr Ayariga stated in Parliament. He further added that Mr Ofori-Atta should account to the people of Ghana for mismanaging finances.
The implications of this demand could lead to increased political pressure for investigations into past financial decisions. It may also influence public perception of economic governance and accountability. Decision-makers and markets will closely watch any official responses or actions taken regarding these accusations, especially concerning Ghana's debt management strategies.
Mr Ayariga contrasted the performance of the current Finance Minister, Dr Cassiel Ato Forson, with that of his predecessor. He claimed the economy is now being managed without imposing burdensome taxes or engaging in excessive borrowing. He specifically mentioned the abolition of mobile money transfer taxes by the current administration, which he said demonstrated prudent fiscal management.
The Majority Leader commended Dr Forson for demonstrating sound leadership through policies aimed at stabilising the economy. These policies, he noted, also aimed at easing the tax burden on citizens. This comparison underscores a political narrative of improved economic stewardship under the current government.
Mr Ayariga also criticised the previous New Patriotic Party (NPP) administration over its spending priorities. He argued that the current government is investing in critical infrastructure, including schools, roads, and bridges. This contrasts with projects such as the National Cathedral, which he implied were less critical.
According to Mr Ayariga, the 2026 Mid-Year Budget Review reflects the government’s commitment to expanding educational infrastructure and undertaking major road projects. He expressed confidence in Dr Forson’s stewardship, declaring that “Ghana is working again” under the current administration. He urged Parliament to commend the Finance Minister for his performance.
The debate on the 2026 Mid-Year Fiscal Policy Review serves as a crucial platform for such discussions. It allows for parliamentary oversight and public discourse on the nation's economic direction. The call for Mr Ofori-Atta's return adds a significant layer of political drama and accountability to these ongoing economic conversations.