Your citizens are fighting famine while your family, cronies keep getting richer – US Economist slams Akufo-Addo
Financial analyst and US economist, Scott Bolshevik, recently took to social media to express concern over the economic situation in Ghana, particularly regarding the widening gap between the citizens and those closer to President Akufo-Addo.
Bolshevik’s post highlighted the drastic shift in Ghana’s economic trajectory over the past 8 years, moving from a focus on poverty alleviation to grappling with famine.
The economist warned that the situation could worsen, especially with the possibility of the cedi’s value depreciating further if the government begins to pay off foreign debts and interest.
“The worse is yet to come as the current cedi value is artificial and it may move to 16 if the government start to pay foreign debt and interest,” he wrote.
He criticized the apparent disparity, noting that while ordinary citizens are struggling to combat famine and economic hardship, the family and associates of President Akufo-Addo, are reportedly seeing their wealth increase stea
In just 8 years GHANA has moved from alleviating poverty to famine. Yet Addos family and cronies becomes richer each day,”
