Akufo-Addo’s “Economic Stupidity” Has Taken Ghana On A Road To Nowhere – Professor Hanke

Akufo-Addo’s “Economic Stupidity” Has Taken Ghana On A Road To Nowhere – Professor Hanke

  • US-based economics professor Steve Hanke has jabbed president Akufo-Addo for his "economic stupidity"
  • The John Hopkins scholar said Ghana was going nowhere good under Nana Akufo-Addo's administration
  • He also revealed that Ghana's inflation was rising sharply, and has reached 149% which is over three times higher than the official figure

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US-based Professor of Applied Economics Steve Hanke has slammed president Nana Akufo-Addo over Ghana’s worsening economy.

The John Hopkins University scholar is convinced Ghana is going nowhere under Akufo-Addo’s “economic stupidity”.

In tweet on Tuesday, November 8, 2022, Prof Hanke said Ghana’s inflation has climbed to 149% per his Hanke’s Inflation Dashboard, which is over three times the official figure of 37.2%.

Prof Hanke thinks Akufo-Addo's administration is bereft of sound economic ideas.
L-R: Prof Steve Hanke and Nana Akufo-Addo. Source: Getty Images, @nakufoaddo
Source: Getty Images
“Today, I measure inflation in Ghana at 149%/yr. Thousands in Accra marched against Pres. Akufo-Addo’s economic stupidity and a potential IMF bailout. The protestors are right. Pres. Akufo-Addo has taken Ghana on a ROAD TO NOWHERE," Prof Steve Hanke tweeted on Tuesday, November 8.

Read also

Organisers of Kume Preko reloaded collating signatures to petition Parliament to impeach Akufo-Addo, Bawumia

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The renowned economics professor made the comment in reaction to a story about a mammoth protest that rocked Accra on Saturday, November 5, 2022 over the worsening economy.

Protestors want Nana Akufo-Addo and his vice Mahamudu Bawumia to resign or face impeachment.

Kume Preko Reloaded: Protesters Brandish Placards Against Akufo-Addo Like “Sika Mpɛ Mismanagement”

Meanwhile, YEN.com.gh has reported in a previous story that protesters at the Kume Preko Reloaded demonstration used inscriptions on their placards to hit hard at the president.

Some of the placards read “sika mpɛ mismanagement” which means, money hates mismanagement in apparent clapback to the president's "sika mpɛ dede".

Other placards brandished by protesters read "greedy bofrot" and "Ghana mpɛ Nana" all in efforts to show their displeasure against Nana Akufo-Addo.

Read also

Kume Preko Reloaded Demo: Organisers give Akufo-Addo, Bawumia three-day ultimatum to resign or face their wrath

Popular lawyer Martin Kpebu organised the demonstration with support from other pressure groups.

Reasons Demonstrators Want Akufo-Addo And Bawumia To Resign

Also, YEN.com reported that demonstrators want the president and his vice to resign because they have plunged Ghana into poverty while their families, especially the president's family becomes wealthy.

Lead organiser of the protest, Martin Kpebu has said the frustration Ghanaians were going through due to the terrible state of the economy and the blatant conflict of interest situations are good reasons to kick out Nana Akufo-Addo and vice president .

The popular lawyer and anti-corruption campaigner made the comments on Friday, November 4, 2022, a day before the mammoth street protest .

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Source: YEN.com.gh

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