Former Ghanaian President and Chairman of the National Democratic Congress (NDC), John Mahama, has expressed great concern about the difficult economic situation in the country, blaming the ruling New Patriotic Party (NPP) of President Nana Akufo-Addo.

Speaking at a workshop organised by the opposition NDC in Ho, Volta Region, Mahama said millions of Ghanaians were facing "unprecedented suffering" due to the high cost of living, rising inflation and high interest rates. He particularly blamed the incumbent Vice President and leading candidate of the NPP for the upcoming elections in December 2024, Mahamudu Bawumia, for this.

Meanwhile, President Nana Akufo-Addo has replaced around a dozen ministers. Finance Minister Ken Ofori-Atta was also dismissed. The public, as well as members of parliament from the ruling NPP, blamed the president's cousin for the crisis-ridden situation of the highly indebted country. The NDC criticised the cabinet reshuffle as "inadequate and too late". The former deputy finance minister and current opposition leader in parliament, Cassiel Ato Forson, accused the president of "massive uncontrolled corruption" and poor governance.

The massive price increases, for example for food, fuel and services, have led to protests against the government in Ghana. Just last year, the government had to take out an emergency loan of around three billion US dollars from the International Monetary Fund to service its debts.