Confirmed: Akufo-Addo nominates Charles Adu-Boahen as Minister of State at Finance Ministry

President Nana Addo Dankwa Akufo-Addo has nominated Mr Charles Adu-Boahen as a Minister of State at the Ministry of Finance pending Parliamentary approval.

Mr Adu-Boahen's nomination was contained in a press release signed by the Acting Director of Communications at the Office of the President, Mr Eugene Arhin.

The release which also contained the nomination of 39 persons as Deputy Ministers said the names were submitted today (April 21, 2021) to the Speaker of Parliament, Right Honourable Sumana Kingsford Bagbin for Parliament's prior approval.

Mr Adu-Boahen recently served as President Akufo-Addo's representative at the Ministry of Finance in February 2021 when the then-Minister designate for Finance, Mr Ken Ofori-Atta travelled to the United States of America for treatment following complications after recovering from COVID-19.

Prior to that, the investment banker was one of the deputy's to Mr Ofori-Atta from 2017 to January 6, 2021, with a specific focus on banking and finance.

Read Mr Adu-Boahen's brief profile below;

Mr Charles Adu Boahen has over 19 years’ experience in Finance, specifically in Corporate Finance, Investment Banking, Asset Management, Private Equity and Real Estate. Prior to his appointment as a Deputy Minister for Finance in 2017, Mr Adu-Boahen was the CEO of Black Star Advisors (BSA), a boutique investment bank and asset management firm, and Primrose Properties Ghana (PPG), a real estate development company, both of which he founded in 2007.

Mr Adu-Boahen was a Director and Regional Head of Corporate & Investment Banking for Standard Bank of South Africa.

Prior to Standard Bank, Hon Adu-Boahen was with JP Morgan for over five years as Vice President and Head of Investment Banking for Sub-Saharan Africa where he was responsible for developing the Investment banking business across sub-Saharan Africa excluding South Africa, he was also the JPM Senior Country Representative for Nigeria.

After Business School, Mr Adu-Boahen joined the $400mm AIG African Infrastructure Fund as an Investment Officer. After college, he joined Salomon Smith Barney, now part of Citigroup, on Wall Street in their Investment Banking Division where his responsibilities included various corporate finance and mergers & acquisitions assignments, primarily in the Chemicals and Energy sector.

Mr Adu-Boahen has an MBA from Harvard Business School and a BSc in Chemical Engineering from the University of Southern California.