Ex-President Akufo-Addo has confessed that economic turmoil and persistent public outcry during his leadership played a major role in his administration’s waning support.
During the presentation of a book by former Nigerian military head General Ibrahim Babangida, Akufo-Addo reflected on the financial instability that characterized his tenure, particularly the setbacks brought by the COVID-19 outbreak, which placed immense strain on Ghana’s economy.
He remarked that the global crisis upended industries and commerce worldwide, including Ghana, leading to a sharp downturn in economic activity.
With external financial support largely out of reach, his government had few solutions and eventually had no choice but to seek a bailout from the International Monetary Fund (IMF).
Akufo-Addo admitted that the financial strain caused widespread frustration, resulting in numerous street protests. While he argued that these demonstrations were not as extreme as the Structural Adjustment Programme (SAP) uprisings that rocked Ghana and other African nations in the 1980s, he conceded that they played a crucial role in eroding trust in his leadership.
“We faced a major economic crisis and with the world’s capital markets close to us, we ended up going to the IMF. Not an easy decision to make. The economic difficulties brought people onto the streets.
“I will say that even though the demonstrations were not on the scale of the SAP riots that are recalled and described in the book, they were serious enough, feeding into the growing disaffection against the government.”





























































