Akoto Osei: Former deputy finance minister dead

Osei, who also served as an MP for Old Tafo, died on Monday (20 March) at the University of Ghana Medical Centre, Asaase News can confirm

The former deputy minister of finance Anthony Akoto Osei has passed on following a short illness, family sources have confirmed.

Osei, who also served as an MP for Old Tafo, died on Monday (20 March) at the University of Ghana Medical Centre, Asaase News can confirm.

Profile of Akoto Osei

Anthony Akoto Osei was born in Kumasi to a distinguished statesman on 18 April 1953. He served as the MP for Old Tafo in the Ashanti Region. During his time in Parliament, he was ranking member on the finance committee and a member of the committee on interior and defence.

Osei obtained a Master of Arts degree in applied economics from the American University in 1980 and a PhD from Howard University in 1987. He had earlier obtained a Bachelor of Arts degree in economics from Oberlin College in Ohio in 1978.

He attended Achimota Secondary School, where he obtained his GCE Ordinary and Advanced level certificates.

He is considered as one of the finest Ghanaian economists of recent years, acquiring his experience from providing consultancy services for the World Bank (Korea Division) in 1987, teaching at Dillard and Howard Universities from 1984 to 1995 as an associate professor in economics and as a research fellow for the Centre for Policy Analysis (CEPA) from 1996 to 2001 in Ghana.

He had many academic publications on monetary, international and quantitative economics to his name.

In the government of J A Kufuor he was made first (from 2001-2003) a special advisor to the minister of finance and economic planning and later appointed a deputy minister in the Ministry of Finance in 2003.

He was elevated to the position of minister of state at the Ministry of Finance and Economic Planning, a position he held until the NPP party lost power in December 2008.

In 2006, he founded the Wealth Creation and Social Development Skills Training Centre, which trains about one hundred young people every year.

In February 2017 Osei was sworn in as the minister of monitoring and evaluation in the Akufo-Addo government.

Editor’s note: An earlier version of this report stated wrongly that Dr Osei was born in Sunyani, Brong-Ahafo Region. This reference was corrected on 12 April 2023.

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