Financial analyst and economist Scott Bolshevik has revealed that under former President John Agyekum Kufuor’s administration saw Ghana’s largest state asset privatization.
According to Scott Bolshevik, ex-president Kufuor’s administration sold Ghana Telecom, Ambassador Hotel now Movenpick, Ghana Commercial Bank shares, and many others.
Scott Bolshevik, well known for his constant commentary on issues relating to Ghana on X, particularly on the economy, on his X page and wrote, “Kufuor administration carried out Ghana’s largest state asset privatization”.
“They sold: Ghana Telecom Ambassador Hotel (Movenpick), Ghana Commercial Bank Shares, State Farms, Kumasi Jute Factory, Ghana Consolidated Diamonds, Nsawam Cannery, Tema Shipyard, they don’t discuss it”.
Former President John Agyekum Kufuor served as the President of Ghana from 7 January 2001 to 7 January 2009, his victory over John Evans Atta Mills after the end of Jerry Rawlings’ second term marked the first peaceful democratic transition of power in Ghana since independence in 1957.
Meanwhile, former president Kufuor has been in the news for the past week after endorsing Vice President Dr. Mahamudu Bawumia, the presidential candidate of the New Patriotic Party (NPP), as “the best choice to lead the country, especially during the current economic crisis.”
See his post below:
Kufuor administration carried out Ghana’s largest state asset privatization.
They sold:Ghana Telecom
Ambassador Hotel( Movenpick)
Ghana Commercial Bank Shares
State Farms
Kumasi Jute Factory
Ghana Consolidated Diamonds
Nsawam Cannery
Tema ShipyardThey don’t discuss it pic.twitter.com/hHr4JqvEcr
— Scott (@scottbolshevik) November 16, 2024
