Franklin Cudjoe, the President of IMANI Africa, has called President Nana Addo Dankwa Akufo-Addo a “monumental failure.”
According to him, Ghanaians are currently experiencing problems because the president has not been able to secure the various elements of the economy.
In response to a news report in which Akufo-Addo declared, “I’ve delivered on my mandate, I didn’t betray Ghanaians,” Cudjoe remarked that a large number of Ghanaians had fallen into poverty as a result of the country’s mishandled economic policies.
On his Facebook page on August 31, he 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 covid-19, borrowed billions into a debt iceberg forced us into a reckless debt exchange programme by giving us wicked financial haircuts while taxing us into penury.”
“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 highspeed 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 added.
The IMANI president reiterated his position on the appointment of the current finance minister.
“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,” he noted.
