Frank Adu Jnr, the former Cal Bank CEO, has stated that former President Akufo-Addo and his Finance Minister, Ken Ofori-Atta, were living large at the expense of pensioners.
According to Frank Adu Jnr, he will never forgive Akufo-Addo and Ken Ofori-Atta because they were living large at the expense of the pensioners.
He asserted that the Akufo-Addo government, having a Cabinet meeting and deciding to solve the country’s debt problems with the pensioners’ fund, will remain a permanent scar on their legacy.
Speaking in an interview with JOYNEWS, Frank Adu Jnr stated, “Why would you do that? Why would you go after pensioners’ money?” he asked, visibly upset. “It’s one thing that people can never forgive Akufo-Addo and Ken Ofori-Atta for.”
Yes, I lost money. Well, pensioners picketed and the former CJ, Sophia Akuffo, came to picket with us, etc. I didn’t go to picket but my colleagues, pensioners, did. Some were working the technical details behind the scenes, and those who were vociferous out front there, but I lost money in the Eurobond”.
He added, “No, I will not [forgive them] because I saw them live large. And so why do you want to live large at the expense of my pension? It’s something that should not be trivialised at all.
“To have a Cabinet meeting and decide that in solving the country’s debt problems, we would include pensioners — that’s dark.”
Frank Adu Jnr described the economic stewardship of former President Nana Akufo-Addo and his Finance Minister, Ken Ofori-Atta, as a disaster.
He added, “Disaster! Disastrous. 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.”
“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. That’s what we all expected. We were all very hopeful. But subsequent events have betrayed that hope.”
Watch the video below:
“To have a cabinet meeting and say, to solve the country’s debt problem, let’s go for pensioners’ money……..that’s dark. I will never forgive them because I saw them living large”
—Former CalBank CEO, Frank Adu Jnr. recounting the debt exchange program under the erstwhile… pic.twitter.com/EZzIuTYW0v
— SIKAOFFICIAL🦍 (@SIKAOFFICIAL1) June 30, 2025
