Ghana’s contract with McKinsey Group a total ‘rip-off’ – Minority to Finance Minister

The Minority in Parliament is demanding a probe into the activities of the McKinsey Group in the economic management of the country.

According to the Minority Leader, Haruna Iddrisu, the government pays the management consulting firm, a sum of $1.5 million per quarter for services rendered to the Ministry of Finance (MoF) and the Ghana Revenue Authority (GRA).

The caucus insists the deal is a “rip-off” of the state and its resources.

Speaking during a debate before the approval of Ken Ofori-Atta as Finance Minister, Mr. Iddrisu questioned the relevance of such an arrangement.

He argued that Ghana already had competent organizations to provide the services the McKinsey Group is currently offering.

“…And then you pay McKinsey Group this money to be doing what? We will call for further investigations into the operations and activities of McKinsey as they relate to the Ministry of Finance and as they also work for the Ghana Revenue Authority. We have competent hands to do the work in Ghana.”

“We don’t need any McKinsey Group in Ghana for any purpose. It’s a rip-off of the state and the republic given the huge sums of money that are paid to them (McKinsey Group) and we want to know how he arrived at the procurement of that group.”