Ghana nearly collapsed under former administration– GIPC Board Chairman states

The Chairman of the Governing Board of the Ghana Investment Promotion Centre (GIPC), Dr. Akwasi Opong-Fosu, has said Ghana came dangerously close to collapsing during the final years of the Akufo-Addo/Bawumia administration.

According to him, poor leadership, widespread corruption, and weak institutions pushed the country to the edge, creating deep frustration and hardship for many Ghanaians.

He made the statement at the Crossfire Governance and Leadership Public Lecture held at the Ghana Technology University College on Friday, July 19, 2025, under the theme “Conversation on Resetting the Nation.”

Dr. Opong-Fosu explained that during that period, the economy suffered badly.

“unemployment went up, the cedi kept falling, and many people felt abandoned by their leaders. Protests broke out, and public trust in government reached a breaking point,” he pointed.

“It wasn’t just bad policies. It was the erosion of hope, trust, and dignity. People felt like the government had become deaf to their cries.” he said.

He stressed that the situation could have led to national collapse, but Ghana’s democratic system held just barely.

He praised the Ghanaian people for using the 2024 elections to demand change through the ballot box.

Dr. Opong-Fosu noted that the country is now on a path of renewal under the Reset Agenda led by President John Dramani Mahama. However, he warned that the mistakes of the past must not be repeated.

He also reminded members of the ruling National Democratic Congress (NDC) to stay humble and serve the people with integrity.

At the same time, he urged the opposition New Patriotic Party (NPP) to play a constructive role by holding government to account in the interest of the nation.

“The work of resetting Ghana is not for the President alone, it is a shared responsibility,” he added.

By Jacob Aggrey