Wednesday, January 22, 2025

Ghanaians Protest Against Economic Crisis, Demand Resignation of President

More than 1,000 protesting Ghanaians, last weekend trooped out in Accra, Ghana’s capital on Saturday, calling for the resignation of President Nana Akufo-Addo amid an economic crisis that has damaged the cedi currency and skyrocketing prices of fuel and food.

The protesters, strolling past police, were all clad in red displayed placards and chanted “Akufo-Addo must go” and “IMF no” regarding the government’s ongoing talks with the International Monetary Fund (IMF) for billions of dollars to subsidise the economy.

Akufo-Addo, last week, assured Ghanaians that the authorities would revive the country’s finances after consumer inflation topped 37% in September, a 21-year peak despite aggressive policy tightening.
“He has failed and we are asking him to resign.

High fuel price increments are killing the people of Ghana,” said a protester Rafael Williams.
The peaceful protest was the latest in a series of struggles this year over the rising cost of living that has made it even harder for people to get by in a country where around a quarter of the population lives on less than $2.15 per day, according to the World Bank.

Ghana, which produces gold, cocoa and oil, has also seen its cedi currency fall by more than 40% against the dollar this year, making it one of the worst-performing currencies in a region that is suffering from the fallout from a global economic slowdown.

“We are speaking to the IMF. They should not give them loans,” said a tailor Francisca Wintima.

“Enough is enough. We have gold, we have oil, we have manganese, we have diamonds. We have everything we need in this country. The only thing that we need, now, is good leadership,” Francisca stressed.

Hot this week

Nigeria Joins BRICS as Ninth Partner, Strengthening Global Cooperation

Nigeria has officially joined BRICS as its ninth partner...

TikTok is back online in the US, thanks to President-elect Donald Trump’s intervention

The app had stopped working for its 170 million...

World Bank Debars Two Nigerian Firms, CEO for Corruption in $500m Welfare Project

The World Bank has banned two Nigerian firms, Viva...

FG Releases N22 Billion to Settle Pension Arrears for 2023-2024 Retirees

The Federal Government has released an additional N22 billion...

Streaming Giant Netflix Posts $1.87B Profit, 19M New Subscribers

Netflix ended 2024 on a high note, reporting 19...

Streaming Giant Netflix Posts $1.87B Profit, 19M New Subscribers

Netflix ended 2024 on a high note, reporting 19...

FG Releases N22 Billion to Settle Pension Arrears for 2023-2024 Retirees

The Federal Government has released an additional N22 billion...

NLC Slams FG’s N8 Billion Budget to Educate Nigerians on Paying Electricity Bills

The Nigerian Labour Congress (NLC) has criticized the federal...

World Bank Debars Two Nigerian Firms, CEO for Corruption in $500m Welfare Project

The World Bank has banned two Nigerian firms, Viva...

Nigerian Navy Seizes Boat with 40,000 Litres of Stolen Crude Oil in Ondo

The Nigerian Navy has intercepted a wooden boat carrying...

Related Articles

Popular Categories