HRH Oscar Doe Blasts Ken Ofori-Atta, Ernest Addison, Nii Amanor Dodoo Over Banking Crisis

Oscar Yao Doe, the Chairman of Doscar Group has yet again brought to questioning the personalities of finance minister, Mr. Ken Ofori-Atta, Governor of the Bank of Ghana, Ernest Addison and Nii Amanor Dodoo, a former principal partner at KPMG Ghana, for their roles in the banking crisis in the country that led to the collapse of some indigenous financial institutions and local companies. 
 
In his latest post this morning, HRH Oscar wrote…

 

 

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GHANA'S HISTORY BOOK SCORECARDS: 2017-2019 HON.KEN OFORI-ATTA (GHANA'S FINANCE MINISTER 2017 TILL DATE ) BACHELOR OF ARTS IN ECONOMICS (COLUMBIA UNIVERSITY 1984) MBA,YALE UNIVERSITY SCHOOL OF MANAGEMENT 1988) HISTORY BOOK SCORECARD WILL CONSIDER KEN AS THE MAN WHO DECLINED TO PAY GHANA'S GOVERNMENT DEBT OWED TO LOCAL BANKS DURING PREZ JOHN HAMAMA'S ERA,PAYING OFF THEIR DEBT TIMELY COULD HAVE HELP LOCAL BANKS TO IMPROVED THEIR LIQUIDITY POSITION.HE COULD HAVE ALSO MAKE A DECISION TO BUY BACK THE ADB SHARES FAVOURING UNIBANK TO IMPROVE THEIR LIQUIDITY POSITION. WAS IT DONE DELIBERATE? ONLY TIME CAN TELL. GOV. ERNEST KWAMINA ADDISON: BATCHELOR OF ARTS (UNIVERSITY OF GHANA 1982-86) MASTERS OF ECONOMICS (CAMBRIDGE UNIVERSITY 1987-89) OBTAINED DOCTOR OF PHILOSOPHY(Ph.D) DEGREE IN ECONOMICS,MCGILL UNIVERSITY,HIS (Ph.D) DISSERTATION,WAS DONE UNDER THE DIRECTION OF JOHN KURIEN. HISTORY BOOK SCORECARD:HE MISJUDGED AND FAILED TO SEE THE BIGGER PICTURE FOR GHANA'S ECONOMIC PROSPECT, WHERE EVERYONE IS TAKING ONBOARD REGARDLESS OF LIQUIDITY CHALLENGES THEIR BUSINESSES MAY HAVE BEEN GOING THROUGH BECAUSE OF LACK OF SUPERVISION FROM (BOG) ITSELF. APPLYING THE EUROPEAN COMMISSION OR THE US MODEL TO BAILOUT GHANA'S LOCAL BANKS AND THEN PUT IN NEW STRINGENT MEASURES( TIGHT REGULATIONS LAWS)WITH STRONG SUPERVISION.HE FAILED TO DO SO. NII AMANOR-DODOO(D)MEMBER, INSTITUTE OF CHARTERED ACCOUNTANTS,GHANA. INSTITUTE OF CHARTERED ACCOUNTANTS,NIGERIA. HISTORY SCORECARD:AMANOR SHOULD HAVE BEEN BOLD TO TELL (BOG)LET'S DO STRESS TEST INSTEAD OF AUDIT TO ASCERTAIN TRUE PICTURE OF THEIR FINANCIAL NEEDS ,THEN FOLLOW UP SWIFTLY WITH A MASSIVE BAILOUTS LIKE WHAT THE EUROPEANS AND THE US GOVERNMENT'S DID FOR THEIR OWN BANKS HAVING SIMILAR CHALLENGES IN 2007/2008/2009. MY SCORECARD ON THE 3 PERSONALITIES :THEY LACK VISION & LOVE FOR COUNTRY.ACTED ON PERSONAL NARROW INTEREST & CHOSE SHOW THEM WHERE POWER? ( OUTDATED MINDSET) IN 21ST CENTURY UNLESS MANY PEOPLE SUCCEED ALONG IN YOUR SYSTEM IF NOT THE EFFECT ON EVERYONE COULD BE SEVERE! THE WORLD EVOLVED.THAT'S WHY IT'S CRITICAL TO USE MACHINERY OF GOVERNMENT TO SHOW COMPASSION ON EVERY DECISION MAKING SITUATION.TO STAND THE TEST OF TIME.

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