Former Chief Executive Officer of Cal Bank, Mr. Frank Adu Jnr, has described the stewardship of President Nana Addo Dankwa Akufo-Addo and his Finance Minister, Ken Ofori-Atta, as nothing short of a disaster.
The respected banker, in a scathing assessment of the Akufo-Addo administration’s economic legacy, minced no words when asked to evaluate Ofori-Atta’s tenure. “Disaster! Disastrous,” he declared emphatically.
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Appearing on JoyNews’ PM Express on Monday, June 30, Mr. Adu’s damning verdict adds to the growing chorus of discontent surrounding the former administration’s handling of the economy, which many believe directly contributed to the New Patriotic Party’s (NPP) crushing defeat in the 2024 general elections.
“Let’s not deceive ourselves. If it wasn’t disastrous between him and the president, the people of Ghana wouldn’t have voted the way they did in 2024. It’s not just my opinion — the results spoke clearly. When the masses are suffering under economic mismanagement, they will respond at the polls. And they did,” Mr. Adu stated.
Once a close confidant of Ofori-Atta, Adu revealed a deeply personal connection with the embattled former finance minister. “We’re like family. On my first trip to the U.S., I stayed with Ken — we even shared a bed. That’s how close we were,” he said.
Reflecting on the hope and promise that surrounded Ofori-Atta’s appointment in 2017, Mr. Adu said expectations were high. “When he was appointed, I messaged him with congratulations and encouraged him to serve the country well and leave a legacy. That’s what we all hoped for. But subsequent events shattered that hope.”
Frank Adu Jnr’s remarks strike a harsh but resonant chord at a time when Ghanaians continue to grapple with the fallout from years of economic turmoil — spiralling debt, inflation, and a cost-of-living crisis that many blame on fiscal recklessness and failed leadership.