Frank Adu Jnr., the former Managing Director and Shareholder of Cal Bank, expressed his concerns about youth unemployment in Ghana, emphasizing the potential consequences if unemployed youth are not given opportunities.
He highlighted the need for urgent action to provide jobs for young people to prevent negative outcomes.
Additionally, Adu projected that Ghana might need to seek another bailout from the International Monetary Fund (IMF) after the current program expires.
He attributed this potential necessity to leaders’ failure to prioritize national interests over personal political ambitions, leading to economic challenges.
Regarding the Domestic Debt Exchange Programme (DDEP), Adu criticized the government’s approach and suggested that a more compassionate approach should have been adopted, particularly concerning pensioners.
He highlighted the adverse effects of the DDEP on pension planning and suggested that the government should have excluded pensioners from the program to mitigate its impact on them.
Overall, Adu emphasized the importance of serious governance and decision-making to address economic challenges and improve the well-being of citizens in Ghana. He called for an end to political posturing and urged leaders to prioritize the interests of the country.