Former CEO of CalBank, Frank Adu Jnr, has criticized the economic leadership of former President Nana Addo Dankwa Akufo-Addo and his Finance Minister, Ken Ofori-Atta, describing their tenure as “disastrous.”

Speaking in an interview on JoyNews on Monday, June 30, 2025, the respected banker did not mince words when asked to evaluate Ofori-Atta’s legacy, summing it up in one phrase: “Disaster! Disastrous.”

Adu attributed the New Patriotic Party’s (NPP) defeat in the 2024 general elections to the widespread public dissatisfaction caused by the government's economic policies over the last eight years.

“Look, if it wasn’t disastrous between him and the president, the people of Ghana wouldn’t have voted the way they voted in 2024. It’s not me saying it; the verdict is captured in the results of the elections,” he asserted.

“You do not run the economy where almost everybody is suffering and expect that the people will not object. And that’s what the voters of this country did last year.”

His comments come as debate intensifies over the Akufo-Addo administration's economic legacy, particularly in light of rising national debt, inflation, and declining living standards during its final years in office.

Frank Adu also revealed a personal connection with the former finance minister, noting that the two shared a close bond dating back decades.

“We are kind of family. On my first trip to the US, I stayed with Ken. We slept in the same bed. So that’s the relationship,” he disclosed.

“I remember when he was appointed. I sent him a message, congratulating him and urging him to do the best he could for this country, and leave a legacy, and that’s what we all expected. We were all very hopeful, but subsequent events have betrayed that hope.”

Former CalBank CEO, Frank Adu Jnr. delivers a cascading verdict on the Akufo-Addo and Ken Ofori-Atta's economic management, describing it as a disaster.

Watch the full interview on #PMExpress tonight at 9:00 PM on JoyNews pic.twitter.com/0qioxKO6vv

— JoyNews (@JoyNewsOnTV) June 30, 2025