Financial analyst and historian, Scott Bolshevik, has berated the Akufo-Addo administration, accusing it of failing to foster sustainable economic growth in Ghana.
In a recent post on social media platform X, Bolshevik pointed out several alarming trends that he believes illustrate a regression rather than progress under the current New Patriotic Party (NPP) leadership.
Top among Bolshevik’s concerns is the staggering depreciation of the Ghanaian cedi, which he states has plummeted by over 157% over the past three years, with a further 28% decline recorded this year alone. This drastic depreciation, according to him, has had profound implications for the economy.
“In 2024, high cost of living, education abroad has become prohibitively expensive, multinational companies leaving, poverty, high collapse of domestic businesses,” Bolshevik’s post highlighted.
Expressing frustration with the government’s economic policies, Bolshevik criticized what he perceives as a lack of understanding of how to stabilize the economy.
“Don’t they understand a fixed economy?” he questioned rhetorically.
Bolshevik’s critique comes amid ongoing debates and discussions on Ghana’s economic trajectory as the country prepares for upcoming elections.