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Franklin Cudjoe, President of IMANI Africa, has labelled President Nana Addo Dankwa Akufo-Addo as a “monumental failure.” According to Cudjoe, the president has failed to secure key areas of the economy, leading to the current hardships faced by Ghanaians.
Reacting to President Akufo-Addo’s statement that he has “delivered on his mandate” and “didn’t betray Ghanaians,” Cudjoe argued that poor economic management has pushed many Ghanaians into poverty.
In a Facebook post on August 31, Cudjoe wrote: “Sorry, Sir, you failed monumentally. You promised to put your presidency on the line to fight galamsey. You failed! You wasted almost all the gains from $13bn investment (the highest Foreign Direct Investment made by any president in the fourth republic) made by your predecessor John Mahama in the oil and energy sectors mostly on vanity projects, got badly exposed by COVIthe the D-19, borrowed billions into a debt iceberg, and forced us into a reckless debt exchange programme by giving us wicked financial haircuts while taxing us into penury.”
He continued, “In the process, you shackled nearly a million into deeper poverty, adding to the highest unemployment rate in the fourth republic. The end result was a jerky high-speed journey to the IMF, with deep wounds of a junk economy that had inflation at 54% at a point, dizzying interest rates, and a runaway forex rate four times what it was in 2016.”
Cudjoe also treated his stance on the finance minister’s appointment, stating, “I still maintain you should have made one of the few good decisions you made recently earlier—the appointment of Dr. Mohammed Amin Adam as Finance Minister.”
