Former Cal Bank CEO, Frank Adu Jnr, has delivered a damning verdict on the tenure of former Finance Minister Ken Ofori-Atta.

The renowned banker described it as a betrayal of the hope many, including himself, once held for his leadership.

Speaking on JoyNews’ PM Express on Monday, June 30, Mr Adu Jnr revealed the depth of his personal relationship with Ofori-Atta.

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

Despite this closeness, Frank Adu Jnr did not mince words when asked to assess Ofori-Atta’s legacy.

“Disaster! Disastrous,” he stated.

“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.”

Pressed further on the contradiction between the early optimism and the eventual disillusionment, Mr Adu Jnr expressed confusion and disappointment.

“I don’t know what happened. 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.”