A British born Ghanaian has been appointed by the new British Prime Minister to head the British Treasury.
Akwesi Kwarteng, 47 is tasked among other duties to pull the UK out of a staid cost of living crisis.
The appointment makes the enthusiastic Brexit supporter and long –term friend of Ms. Liz Truss the first black and African offspring to head the British Treasury.
Mr Kwarteng is the new Prime Minister’s South London Greenwich neighbour and loyal backer of Ms Truss in the Brexit agenda.
The African native appointee takes over from Nadhim Zahawi, an Iraqi-born Kurd who succeeded Rishi Sunak, of Indian origin, and Sajid Javid with Pakistani roots before him.
One of Truss’ maiden duty is to name her cabinet following her appointment by the governing Conservative Party as its leader and prime minister on Monday.
Liz Truss named the British born Ghanaian as the country’s finance minister as she succeed Boris Johnson on Tuesday.
Kwasi Kwarteng was a leading supporter of Truss’ campaign and current UK secretary of state for business, energy and industrial strategy.
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Economic experts see Mr Kwarteng’s new post as one tied to the successes and failures of Liz Truss’ political career.
As the new head of the Treasury, Kwarteng is expected to address the country’s soaring inflation and rising economic recession.
His predecessor, Rishi Sunak was much focused on reviving the crypto industry of the country before resigning in July this year.
The British born Ghanaian Chancellor of the Exchequer must implement tax reduction policies as Truss promised during her campaign.
This will put money back into people’s pockets and businesses to revive the economy on the edge of recession, economic analysts reveal.
At the energy ministry, he was heavily criticized by the ‘green groups’ for suggesting that UK invested in the North Sea as a recipe for oil and gas back up following Russia’s invasion on Ukraine.
Kwarteng’s Ghanaian parents migrated to the U.K. in the 1960s.
The historic British’s first black Finance Minister was born in Waltham Forest (north-east London) and lived most of his life in the British capital most of his life.
He attended Eton School on scholarship and further studies at both the University of Cambridge and Harvard.
Akwesi Kwarteng is married to Harriet Edwards, a lawyer with one daughter.
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