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Dr. Kofi Amoah: I warned Akufo-Addo about his excessive borrowing but he didn’t listen

He said that President Nana Addo Dankwa Akufo-administration Addo’s ignored economic advice.

In an interview with Ghanaweb, Dr. Amoah, a former government adviser and ambassador-at-large, said that the President disregarded his borrowing-related recommendations.

“I was chosen by the President to serve as an ambassador-at-large so that I could utilize my extensive network of contacts to draw business to Ghana, just as I did with Western Union, which allowed USD billions to enter the country’s economy.

“I was excited that I had been given another opportunity to again assist my nation. Unfortunately nothing came out of this due to the administrative and bureaucratic inefficient machinery at Jubilee House, which I alerted the President to, verbally and in writing,” he stated. “Again I cautioned the president, verbally and in writing, against the huge borrowing in billions and warned that we may not be able to service these debts and cause big hiccups for the nation…. and he did not listen and we are all witnessing the unfortunate and embarrassing turnaround to the IMF and the hardships to ensure that will affect every citizen,” he said.

According to the man popularly referred to as Citizen Kofi, the time has come for the president to heed to public calls and sack the minister for finance as one of the early measures in dealing with the nation’s current economic crisis.

Now, a number of respected voices have urged the President to remove his Finance Minister and give the nation a new face and approach that can help the nation truly reform rather than a bandage, face-saving reform that will only prop the nation up for a recurrence of financial breakdown and an IMF visit in another economic downturn. Ghana now requires a patriotic treatment that will work, not a band-aid solution to the issue concocted by the same individuals who drove us into the valley, the official stated.

“I will appreciate a treatment on this crucial issue so that Ghanaians will work together to push for what will work for our country and not sit on the fence as always, abdicating our future to the whims of a few who have thus far shown a lack of ability to help protect and grow our economy,” he continued.

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