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News'The economy is stupid' - Franklin Cudjoe reacts to arrest of activist

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‘The economy is stupid’ – Franklin Cudjoe reacts to arrest of activist

Franklin Cudjoe, the founding president of the think tank Imani Africa, has criticised Kwaku Rafiki’s imprisonment over remarks he made on social media concerning the financial industry.

Cudjoe believed that those who had stated that the nation would not request a bailout from the International Monetary Fund (IMF) and those who had stated that there would not be “haircuts” should also be detained.

National Security agents detained Kwaku Rafiki, an activist who supports the National Democratic Congress (NDC), for reportedly inciting fear and terror through his social media posts.

After much engagement between Kwaku Rafiki’s lawyers and the National Security and the Ghana Police Service, he was granted bail.

Reacting to the news, Franklin Cudjoe wondered who gave the order for his arrest.

“Who gave the order for Kwaku to be picked up? I have a few recommendations. Those who said we were not going to the IMF and No Haircuts on investments could be invited too. The economy is stupid,” he wrote.

Complaints about investors having the value of their investments reduced have become common on social media recently. These complaints come on the back of a promise by President Akufo-Addo that no investors will lose any value of their investments.

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