Ken Ofori-Atta

Kenneth Ofori-Atta (born 7 November 1958),[1] is a Ghanaian economist, investment banker, and politician as well as the co-founder of Databank Group, a Ghanaian investment firm. He currently serves as the Minister for Finance and Economic Planning in the cabinet of Nana Akufo-Addo.[2] He was appointed by President Nana Akufo-Addo on 10 January 2017 and assumed office on 27 January 2017.


Kenneth Ofori-Atta
Ken Ofori-Atta speaking at the 2018 Capital Market Week.
18th Minister for Finance and Economic Planning
Assumed office
27 January 2017
DeputyKwaku Agyeman Kwarteng
Abena Osei Asare
Charles Adu Boahen
Preceded bySeth Terkper
Personal details
Born
Kenneth Ofori-Atta

(1958-11-07) 7 November 1958
Kibi, Eastern Region, Ghana
NationalityGhanaian
Spouse(s)Angela Lamensdorf Ofori-Atta
Children4
ParentsJones Ofori Atta
RelativesNana Akufo-Addo (cousin)
Occupation

On 22 January 2020, a man named Nuetey Latif Ahinguah was slapped with a 12-month prison sentence with hard labour for impersonating Ofori-Atta on social media.[3]

Early life and education

Ofori-Atta was born on 7 November 1958 in Kibi, a small town in the Eastern Region of Ghana.[4][5][6][7] He is a member of the prominent Ofori-Atta family of Ghana that has been influential in politics, law, chieftaincy and business.

Ofori-Atta had his education at Achimota School in Ghana, after attending the Accra Newtown Experimental School (ANT 1) where Tsatsu Tsikata also had his primary education. He proceeded to have a Bachelor of Arts in Economics from Columbia University (1984) and an MBA from the Yale University School of Management in 1988.[8]

Career in the private sector

Ofori-Atta co-Founded Databank Financial Services with Daniel Ofori-Atta, Keli Gadzekpo and Togbe Afede XIV in 1990; he served as its Executive Chairman until February 14, 2012 when he went on retirement.[8] He also worked at investment banks Salomon Brothers and Morgan Stanley on debt and equity management.[8] He has other business interests in Insurance, Retail Banking, Private Equity, Micro-finance, Pharmaceuticals and Real Estate.

In 1997, Ofori-Atta was the first African to testify at the US Congress Ways and Means Committee to support the African Growth and Opportunity Act (AGOA.)

Ofori-Atta served as a director for numerous companies and as a member of some other boards as well. He was a Director for Enterprise Group Ltd and Trust Bank Ltd of The Gambia of which he is the Chairman. He also was a Director at the International Bank and is also a Board Member of the Acumen Fund.[9][10][11]

Political career

Ofori-Atta was President Nana Akufo-Addo’s nominee to assess the health of the economy during the transition period after the 2016 elections.[8]

In May 2017, Akufo-Addo named Ken Ofori-Atta as part of nineteen ministers who would form his cabinet.[12] The names of the 19 ministers were submitted to the Parliament of Ghana and was announced by the Speaker of the House, Rt. Hon. Prof. Mike Ocquaye.[12] As a Cabinet minister, Ken Ofori-Atta is an integral part of the inner circle of the president of Ghana, Nana Akufo-Addo, and is to aid in the key decision making activities in the country and he brings to the Ministry over 30 years' experience in the Ghanaian and international financial sector.[12]

Ofori-Atta was elected Chair of the World Bank/IMF Development Committee at the 2018 Spring Meetings and also Chairs the Governing Board of African Capacity Building Foundation (ACBF). In addition, he Chairs the African Caucus at the World Bank.

Other activities

Awards and recognition

Ken is a Henry Crown fellow of the Aspen Institute. Ken was adjudged as the 2nd most respected C.E.O in Ghana. Ken is a Donaldson Fellow at Yale University in 2010 and a recipient of the John Jay Award from Columbia University in 2011.[17][18][19][20] He is a Co-Founder of the Aspen Africa Leadership Initiative.

He was honored by PriceWaterHouse Ghana twice as one of the Top 5 Most Respected CEOs in Ghana.

In May 2018, he was adjudged Best Africa Finance Minister of the year by London-based magazine, The Banker.

Personal life

Ofori-Atta is married to Professor Angela Lamensdorf Ofori-Atta, a clinical psychologist) at the University of Ghana Medical School. The couple has four children.

References

  1. "Here is how Ghana's Finance Minister, Ken Ofori-Atta celebrated his 60th birthday". 8 November 2019.
  2. http://www.mofep.gov.gh/?q=content/ken-ofori-atta-assumes-office-ghana%E2%80%99s-minister-finance Archived 2017-03-02 at the Wayback Machine
  3. "Man jailed 12 months for impersonating Ofori-Atta on social media". Citinewsroom - Comprehensive News in Ghana, Current Affairs, Business News , Headlines, Ghana Sports, Entertainment, Politics. 2020-01-23. Retrieved 2020-01-23.
  4. "Ghanaian role models - GC Banner | GhanaConscious - A free-thinker's association". ghanaconscious.ghanathink.org. Archived from the original on 2015-05-31. Retrieved 2015-05-30.
  5. "Ken Ofori-Atta: Executive Profile & Biography - Businessweek". Businessweek.com. Archived from the original on 2015-06-09. Retrieved 2015-05-30.
  6. "Ken Ofori-Atta's Big Hairy Audacious Goals". 2012-08-24. Archived from the original on 2015-05-31. Retrieved 2015-05-30.
  7. "Officer Profile | Quotes | Reuters.co.in". in.reuters.com. Archived from the original on 2015-05-31. Retrieved 2015-05-30.
  8. Kwasi Kpodo (January 8, 2017), Ghana's new president to name investment banker as finance minister Reuters.
  9. "Pan African Capital Group LLC / Our Team". www.panafricancapital.com. Archived from the original on 2015-05-31. Retrieved 2015-05-30.
  10. 4-traders. "Ken N. Ofori-Atta". www.4-traders.com. Archived from the original on 2015-05-31. Retrieved 2015-05-30.
  11. "Enterprise Group". www.enterprisegroup.net.gh. Archived from the original on 2015-05-31. Retrieved 2015-05-30.
  12. FM, Citi. "Arts Minister Catherine Afeku makes it to Cabinet". ghanaweb.com. ghanaweb. Archived from the original on 31 July 2017. Retrieved 7 July 2017.
  13. Chair Joint World Bank-IMF Development Committee.
  14. AfDB Annual Report 2017 African Development Bank (AfDB).
  15. Board of Governors Multilateral Investment Guarantee Agency (MIGA), World Bank Group.
  16. Board of Governors World Bank.
  17. "Kenneth Ofori-Atta". Archived from the original on 2015-05-30. Retrieved 2015-05-30.
  18. Chronicle, Ghanaian. "Ghana's 2nd most respected CEO - Ken Ofori-Atta". Archived from the original on 2016-03-04. Retrieved 2015-05-30.
  19. "KEN OFORI ATTA | African Leadership Academy". African Leadership Academy. Archived from the original on 2015-05-31. Retrieved 2015-05-30.
  20. "Ken Ofori-Atta receives the prestigious John Jay Award". www.ghanadot.com. Archived from the original on 2015-09-24. Retrieved 2015-05-30.
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