Ghana Protesters Call For Akufo-Addo Resignation Over Rising Inflation
According to Reuters, the red-clad crowd waved placards and chanted ‘Akufo-Addo must go’ and ‘IMF no’ in reference to the government’s ongoing talks with the International Monetary Fund for billions of dollars to prop up the economy.
During the protest, many placards read: “Politicians are eating; Ghanaians are suffering,” “Resign or be impeached.”
President Nana Akufo-Addo last week sought to reassure Ghanaians that the authorities would get the country’s finances back on track after consumer inflation topped 37% in September, a 21-year peak despite aggressive policy tightening.
The peaceful protest was the latest in a series of demonstrations this year over the soaring 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 plummet 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.