Speaking on Adom FM’s morning show Dwaso Nsem, Dr. Atuahene questioned why critics were opposed to the appointment although those who were previously, including Asiamah, had suffered, with some even passing away.

He said, “Even Asiamah suffered, and even those he was in court with are no longer alive. So why are you against his appointment? You don’t like constructive criticism?”

His comments come in after the Minority in Parliament, led by Dr. Gideon Boako, the MP for Tano North, criticized President Mahama for discontinuing the criminal charges against Asiamah.

The Minority believes that these charges should proceed despite his appointment, raising concerns about governance and accountability.

But Dr. Atuahene expressed frustration over the situation, asking why the NPP didn’t take action when they were in power but were now opposing Asiamah’s appointment under President John Dramani Mahama.

To him, the NPP minority is only making noise.

“The NPP is making noise. Do you have any integrity at all? The plane cannot fly without a pilot,” stressing the importance of leadership in the central bank.

Dr. Atuahene dismissed the Minority’s calls for prosecuting Asiamah.

“Even their threat of going to the IMF is nothing. The IMF doesn’t even think about Ghana. They should just stop talking and leave it.”

He also advised Asiamah to surround himself with capable people.

“Asiamah should surround himself with good people, and his closest people must be well-experienced bankers” he added.

He accused politicians of trying to outsmart others and said that whenever he tried to address issues related to the IMF and the banking sector, some politicians threatened him.

“Some people threaten me, and I had to be advised by top security officials to be careful where I go. Sometimes when I speak, the only thing they do is threaten me. Are they the only ones who have gone to school?” he revealed.

Further, he criticized the NPP government, claiming that their actions had pushed Ghana into a difficult position.

“The NPP government has taken Ghana to a ditch,” he stated, expressing disappointment over the collapse of the BoG under their watch.

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According to him, Ghana’s inflation level meets the international accounting standard classification for hyperinflation.

He explains that any country with an inflation rate exceeding twenty percent is considered to be experiencing hyperinflation.

Mr. Atuahene noted that assertions of decreasing inflation and economic turnaround are contradicted by Ghana’s inflation rate being in the twenties, especially when compared to Togo’s rate of 6.8%.

This follows President Akufo-Addo reassuring Ghanaians and the international community that the country’s economy is on a strong recovery path.

During the presentation of credentials to nine newly appointed diplomats at the Jubilee House, the President highlighted significant economic strides and the resilience shown by Ghanaians in overcoming recent global adversities.

Speaking on the JoyNews‘ AM Show, Mr. Atuahene stated, “Let them use their own definition of how the economy is turning around—a depreciation. I mean, I am not saying it from my end; Bloomberg has just said it is the worst currency in the whole of the subregion. Is that the way the economy turns around?”.

“If you go to the market, you really feel the inflation and the currency exchange, so when people say the economy has turned around because we as a country do not have our own indicators, this multilateral team would come here and tell you that your economy is turning around, and then they would take it.”

The banking consultant pointed out that Ghana lacks a structured methodology for managing its inflation and key performance indicators (KPIs), relying instead on input from multinational organizations to gauge the economy holistically without considering the actual situation on the ground.

He highlighted that discussions with businesspeople and ordinary Ghanaians reveal a consensus that the economy has not improved.

“In 2016, the inflation was about 15.1 and the currency was 4.1. Compare that, use the nominal rate, and you would find out inflation nowhere near where we were,” he noted.

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