Following our recent acquisition of Gripeo.com website, please direct all inquiry emails to [email protected] and avoid using any other channels to contact website admin and moderators. Thank you so much!

Charles Adu Boahen- Ejected from the position of power due to a shocking mining controversy. (2024)

Charles Adu Boahen
This is a user-generated post. Gripeo does not take responsibility for the accuracy of any statements made in this post.
Charles Adu Boahen claims to be a politician and government official from Ghana.
Before we get started with this review
Such posts are made possible by the collective efforts of our contributors. If you can provide any kind of insight into Charles Adu Boahen or a similar company/individual, then share your information with us using our secured form.

You can help us put a stop to online scams before they grow too big and end up ruining thousands of lives. A scam is a scam, doesn’t matter if it’s big or small. Now that this is out of the way, let’s get started with the review.
3eGCr9JeOhuHzz3bZyoXpUKwJW21R5H73BCpi0D2Ghg4Bc w

Charles Adu Boahen claims to be a politician and government official from Ghana. He claims to belong to the New Patriotic Party and served as Ghana’s deputy finance minister from November 2022 till the present. He is the son of Prof. Albert Adu Boahen, a prominent scholar, historian, and politician who represented the New Patriotic Party in the 1992 general elections in Ghana. Prof. Albert Adu Boahen is also the father of Mrs. Mary Adu Boahen. He served as the State Minister at the Finance Ministry before being fired due to suspicions of corruption.

Charles Adu Boahen claims to be the Minister of State at the Ministry of Finance up until November 2022. Prior to that, he asserts that he was Deputy Finance Minister responsible for Finance under the Nana Akuffo-Addo administration from April 2017 – January 2021.

In his capacity as Deputy Minister, Charles Adu Boahen claims to have helped the Minister of Finance carry out his duties with an emphasis on finance and the mobilization of external resources. Boosing over his duties Charles Adu Boahen claims that his supervisory duties as a Minister of State were enlarged to encompass the Budget in addition to the Finance and External Resource Mobilization Portfolios, as well as representing the Minister at Cabinet sessions.

Showing off his expertise and years of experience in his field Charles Adu Boahen claims that with more than 20 years of expertise in finance, Charles Adu Boahen has worked in the fields of corporate finance, investment banking, asset management, private equity, and real estate. Charles was the CEO of Primrose Properties Ghana (PPG), a real estate development company, and Black Star Advisors (BSA), a boutique investment bank and asset management firm, both of which he started in 2007. Before being appointed as a deputy minister for finance, Charles held these positions.

Prior to that, Charles Adu Boahen describes that he worked for Standard Bank of South Africa as a director and regional head of corporate and investment banking.

Prior to joining Standard Bank, Charles Adu Boahen claims to have spent more than five years working for JP Morgan as vice president and head of investment banking for sub-Saharan Africa, where he was in charge of growing the investment banking industry outside of South Africa. He was also JPM’s senior country representative for Nigeria.

On Wall Street, he asserted that he worked for Salomon Smith Barney, now a division of Citigroup, in their Investment Banking Division, where his duties included various corporate finance and mergers & acquisitions assignments, primarily in the Chemicals and Energy sector. 

Taking pride in his work Charles Adu Boahen claims that he also served as an investment officer for the $400 million AIG African Infrastructure Fund. In Ghana, Charles finished all of his secondary schooling. He attended Mfantsipim School in Cape Coast for his A levels and Achimota School in Accra for his O levels.

Charles Adu Boahen asserts that he holds a BSc in Chemical Engineering from the University of Southern California and an MBA from Harvard Business School. In addition to the Ghana Cocoa Board, the Bank of Ghana, Vodafone Ghana, the Gaming Commission, and the G24 Deputies of the IMF, Charles Adu Boahen has served on and presided over other boards.

Shoincasing his family life and early childhood Charles Adu Boahen claims that his son Charles Adu Boahen is a single man. He participates in numerous philanthropic projects and organizations. In his spare time, he likes to read, play Scrabble, collect African art, develop real estate, and farm. Charles Adu Boahen gave up his US citizenship in 2017 to accept the position with the Ghanaian government. His father, Prof. Adu Boahen, was a well-known politician and historian of Africa who ran as the 1992 presidential candidate for the New Patriotic Party.

Ghana ( Charles Adu Boahen was the Junior Finance Minister of Ghana)

YUcwDvi lClYWGUN 9d5E8O Xf7VIDEBFyJKW5hWQBHNZvPK JLwfaot0tpjcH87llPGaWM50l PBMOiqeX Us1mVcqIog7GY6

Ghana is a nation in West Africa with the official name the Republic of Ghana. It shares borders with the Ivory Coast in the west, Burkina Faso in the north, and Togo in the east. It borders the Gulf of Guinea and the Atlantic Ocean to the south. Ghana has a total size of 239,535 km2 with a variety of biomes, from tropical rainforests to coastal savannas. Ghana, which has a population of over 32 million, is the second-most populous nation in West Africa, behind Nigeria. Accra, the nation’s capital and largest city, as well as Kumasi, Tamale, and Sekondi-Takoradi, are other important cities.

The Kingdom of Dagbon and the Bono state were the first known kingdoms to exist in what is now modern Ghana; the Bono state existed in what is now modern Ghana during the 11th century. Over the centuries, kingdoms and empires like the Ashanti Empire in the south and the Kingdom of Dagbon in the north rose to power. The Portuguese Empire first disputed the region for trading rights in the 15th century, followed by other European nations, until the British finally achieved control of the coast by the 19th century. The current frontiers of the nation, which include the Gold Coast, Ashanti, Northern Territories, and British Togoland, were formed after more than a century of colonial opposition. 

Our Methodology

We look at 34 different data points when analyzing and rating online money-earning opportunities. Once the research on these data points is submitted, expert contributors reach out to the company’s customers and associates to get more insight into their operation. Finally, all the collected information is presented in the form of this expert review.

All the data is extracted from publicly available information and the sources are given in the transparency section at the bottom of every report.

These reports are made possible by the collective efforts of contributors like you. If you would like to become a contributor then contact us here.

Charles Adu Boahen- Minister of Finance(Ghana)(Position held by Charles Adu Boahen)

HN5XOjqGVEy7B7tqYTVzcmw3Sn8Jd7NLRcckJCbDM4RSe1DmzFy0zrS3vPpzazwKH8J4eMZIkiXMTT8CVKDBshZIkk5G1xicwG5GENL7FwUgGXSGhWGTpzqaqemNocJx mYz3

One of Ghana’s Civil Service’s Central Management Agencies is the Minister Of Finance.

To promote effective and efficient Macroeconomic and Financial Management of Ghana’s economy, the Ministry was constituted in accordance with sections 11 and 13 of the Civil Service Law 1993 (PNDCL 327) as amended by an Executive Instrument 28 (E.I. 28) Civil Service (Ministries) (Amendment Instrument, 2017).

To serve as the premier institution of economic management for the development and well-being of all Ghanaians.

To ensure efficient management of economic policy for the achievement of macroeconomic stability and long-term economic growth through prudent fiscal policy and effective public financial management, as well as the deployment of qualified personnel and reliable systems for Ghana’s development.

In order to achieve upper middle-income status and reduce poverty, the Ministry must ensure efficient and effective management of the economy.

Functions

  • Make macroeconomic, fiscal, and financial policies for sustainable development and put them into action.
  • Make sure that both internal and external resources are effectively mobilized.
  • Assure the wise management of resources and their efficient and effective allocation.
  • Create and share performance-focused policies, and implement effective financial management information systems.
  • Make sure that the management of financial resources is done with dedication to transparency, probity, and accountability.
  • Make sure the national debt can be sustained.
  • Creation of a financially efficient sector that supports economic structural change, encourages financial inclusion and is well integrated into the world financial system.

Charles Adu Boahen- President of Ghana dismisses the Junior Finance Minister over the mining scandal

According to a recent exposé, the minister accepted bribes from investors in artisanal mines in the West African nation.

538RSWOPrjW7FbuZaEdbsI jgPX7lYhbHMO9b swS J2A7Dc9fHNom9diFcBXcDVS4M7nrWZnXP8wYEsS6MAJEkE3PbBd uEUjBg0CwIz6S4bE9 OUhM4HLDzvrQGaQ3oSLFgyN2kmsFX990HiwL3M

Charles Adu Boahen, Ghana’s state minister of finance, has been fired by President Nana Akufo-Addo, the presidency announced on Monday.

The president said in a statement that he had taken the move after learning of the accusations made against Adu Boahen in a story concerning small-scale gold mining.

It further stated that Akufo-Addo had forwarded the case to the special prosecutor for additional inquiries.

Charles Adu Boahen did not answer Reuters’s request for comment right away.

In Ghana, the second-largest gold producer in Africa, artisanal mining is common and makes up around one-third of the nation’s output.  Boahen was accused of accepting kickbacks from artisanal mine investors in a recent exposé by disgraced journalist Anas Aremeyaw Anas.

As Ghana experiences its worst economic crisis in a decade, Ken Ofori-Atta, the country’s finance minister, is also under fire from members of parliament who accuse him of corruption and economic mismanagement.

On November 6, hundreds of demonstrators marched through Accra, the nation’s capital, demanding that President Nana Akufo-Addo step down amid an economic crisis that has driven up the price of food and petrol to all-time highs.

Reference- Ghana president fires junior finance minister over mining expose | Mining News | Al Jazeera

Charles Adu Boahen- Controversy (The Mining Scandal)

PuxzebcIt MOxjc4iKGYvRrJ3RfK 1rtlvWMf yIJwrRUG2k3vGGdNwjnX4bD WxvkiB9l mavfw FaIXbGm85TzFs9OrdDWIyfOOc KT1S4PiG0gw9YIZHCiFLZjJayIf2NHiYTWFQQscvigzuOIlU

Charles Adu Boahen was fired by the President of the Republic of Ghana on November 14, 2022, for corruption in connection with the illegal mining operations in Ghana known as “Galamsey” (which investigative journalist Anas Aremeyaw Anas documented in the exposé “Galamsey Economy”). Charles Adu Boahen wasn’t put on trial.

In the 2022 BOG report, he continued to serve as a director from the finance ministry on the BOG board despite being fired from the ministry of finance.

Ghana’s President on Monday dismissed the controversial Harvard Business School-educated Junior Finance Minister after he was implicated in trying to collect bribes from supposed investors.

President Akufo-Addo took the decision to terminate Boahen’s appointment on Monday. (Photo: Paul Kagame, Flickr, License)

The allegations against Charles Adu Boahen were raised in a new investigative documentary analyzing how corrupt deals are made in the Ghanaian political underworld, which was officially launched on Monday evening.

The documentary Galamsey Economy, named after a Ghanaian slang term for illegal gold mining, showed how Boahen asked investigators posing as investors for US$200,000 as a fee for Vice-President Mahamadu Bawumia to ensure political support for their venture in Ghana.

The agreement included generous job offers for Bawumia’s family. See, he comes from a big family. About five or six brothers and sisters make up the vice president’s family, Boahen was overheard stating.

Boahen demanded 20% of the money invested as payment for his services, with the remainder going into his real estate company.

President Nana Akufo-Addo was “made aware of the allegations leveled in the exposé” and spoke with the Minister before deciding to fire Boahen, according to the president’s spokesman Eugene Arhin in a press release.

On Facebook, Bawumia defended himself, claiming he was unaware of any such meeting. He declared, “My integrity is my most prized possession in life, and I will not permit anyone to use my name to engage in dishonest activities.”

OCCRP’s request for comment from Boahen was not immediately met with a response.

According to the press statement, the Special Prosecutor was given the case to look into further.

1OWmeUWF0fu9GDMHRtPzTVKo e9q4PFhLf67gnPu2g50VIVee3fXEERR1BkCZNIj2Jp3efrWhGlmG

The first signs that Boahen might be abusing his political influence surfaced in August when it was revealed that his Black Star Brokerage had been given the authority to buy and sell government bonds despite having no market share and very little prior experience.

The charges surfaced while Ghana experienced its greatest economic crisis in the previous 20 years, with over 40% inflation and a sharp decline in the value of the Ghanaian cedi.

Ken Ofori-Atta, the finance minister, and Boahen, who served as his deputy, have come under fire recently for their poor economic management. Even members of the ruling coalition’s parliament demanded their removal.

However, the pressure subsided at the end of October when the members of the ruling coalition decided to postpone their demand until an agreement was reached on a US$3 billion support loan from the IMF, which was intended to stabilize the economy.

Whether Ofori-Atta will survive Boahen’s sacking and how the political unrest will impact the outcome of the IMF negotiations are still unknown.

Wrap-Up

Charles Adu Boahen- Political Corruption

Political corruption is the illegal use of authority for personal benefit by government officials or those connected to them through their networks.

Corruption takes many different forms, but some of them include bribery, influence-peddling, lobbying, extortion, parochialism, cronyism, nepotism, and extortion. Although it is not limited to these operations, corruption can help illegal enterprises including drug trafficking, money laundering, and human trafficking. Political corruption also refers to the abuse of authority by the government, such as the oppression of political opponents and general police brutality.

Corrupt behavior has undergone several definitions over time. As an easy illustration, accepting a gift while working for the government or as a representative is unethical. Any free gift could be seen as a ploy to persuade the recipient to hold certain prejudices. The majority of the time, when a junior employee presents a gift to a senior employee who can be crucial in securing the favor, the gift is interpreted as an attempt to obtain specific favors, such as work advancement, tipping to secure a contract, or position, or exemption from particular chores.

The term “institutional corruption” now refers to specific types of corruption that are distinct from bribery and other evident forms of personal gain. For instance, certain governmental institutions might routinely behave against the public’s best interests, such as by stealing from the general treasury or acting immorally while getting away with it. Even if individual instances of bribery and outright illegal behavior may not always be visible, the institution nonetheless engages in unethical behavior as a whole. A prime instance of institutional corruption is the mafia state phenomenon.

Political corruption only occurs when an officeholder does an illegal conduct that is directly related to their job duties, occurs under duress, or involves the exchange of influence. Depending on the nation or jurisdiction, many actions are considered unlawful corruption. For instance, some methods of financing politics that are permitted in one jurisdiction may not be in another. In some circumstances, it can be challenging to discern between lawful and illegal conduct because government officials have sweeping or ill-defined authority. Bribery is thought to cost more than $1 trillion USD yearly on a global scale. Kleptocracy, which literally translates as “rule by thieves,” is a condition marked by unchecked political corruption.

If you have sensitive information or have had a personal experience with Charles Adu Boahen but want to stay anonymous, then submit it using our secured form. You can connect with our expert contributors and help in finding the truth. We never share your information with 3rd parties.
Charles Adu Boahen- Ejected from the position of power due to a shocking mining controversy. (2024)
Charles Adu Boahen- Ejected from the position of power due to a shocking mining controversy. (2024)

8 Comments
Show all Most Helpful Highest Rating Lowest Rating Add your review
  1. Charles Adu Boahen is a politician. No wonder he is involved in controversy.????

  2. All these men who think that they are more important than their nation must be penalized for life.

  3. Politics and corruption are used as synonyms. But one thing that is eating up the world is political corruption. So, its a welcoming step that Charles has been fired.

  4. Africa has been facing a financial crisis for ages. So people who are mis-leading African economical conditions, must be penalized.

  5. Where is this Ghana State? West Africa is quite beautiful. Want to visit there once.

  6. What is the point of being highly skilled and immensely successful, when all you know is theft.

  7. Bravo Mr. President, we need more people in politics who are not scared to take stand against the corrupt individuals. I am sure the natives must be contended.

  8. It is immensely annoying that a finance minister is himself surrounded with financial controversies.

Leave a reply

Gripeo
Logo
Register New Account