The Ministry of Finance has issued a formal response to UK’s Mat Whatley’s opinion article in the Daily Telegraph, titled “Why is Britain funding Ghana’s Leftist, Russia-sympathising government?”, describing the piece as “inaccurate, distorted and misleading.”
The columnist had suggested that investor confidence in Ghana is declining under the leadership of President John Dramani Mahama, citing growing concerns about judicial independence, political persecution, and erosion of the rule of law.
Mat Whatley, who’s also the Managing Director of Okapi Train, argues that Ghana’s governance direction since Mahama’s return to power in January has taken what he describes as a “far-Leftward, anti-democratic turn.”
Whatley, a security expert who has managed operations in Nigeria, Libya, and elsewhere in Africa, contends that “President John Dramani Mahama has wielded lawfare against his political opponents and bent the law to protect his own.”
However, in a letter addressed to the Telegraph’s letters desk, Ghana’s Ministry of Finance emphasised that there was nothing inappropriate about the financial relationship between Ghana and the United Kingdom.
It noted that in June 2025, the International Monetary Fund facilitated a multilateral debt restructuring agreement with the US, Germany, the UK, and 20 other countries.
This agreement forms part of an IMF programme initiated in 2022, following Ghana’s default on external debt repayments under the administration of former President Nana Akufo-Addo and then Finance Minister Ken Ofori-Atta.
The Ministry further highlighted that the current government, led by President John Mahama, inherited an economy weakened by mismanagement, complacency and corruption.
Since January, it reports the Cedi has stabilised, inflation has eased, and investor confidence has improved.
The Ministry criticised the publication for contributing to “ill-informed, prejudicial and seemingly unfiltered comment” at a time when political, economic and security uncertainties pose significant challenges globally and across Africa.
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