Former Cal Bank CEO Frank Adu Jnr has described the economic stewardship of former President Nana Akufo-Addo and his Finance Minister Ken Ofori-Atta as a disaster.

The renowned banker is blaming their performance for the outcome of the 2024 elections and the widespread suffering of Ghanaians.

Speaking on JoyNews’ PM Express on Monday, June 30, Mr Adu Jnr did not hold back when asked to assess Ofori-Atta’s legacy. “Disaster! Disastrous,” he said bluntly.

His comments come amid ongoing public debate over the legacy of the Akufo-Addo administration, particularly its handling of the economy, debt, and living standards.

For Adu, the 2024 electoral loss was not surprising, but rather a direct consequence of public disillusionment with economic management 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.

"It’s as simple as that. 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.”

Frank Adu Jnr disclosed a long-standing personal relationship with the former finance minister.

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

Reflecting on the optimism that greeted Ofori-Atta’s appointment in 2017, Adu acknowledged that expectations were high.

“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.”