We’re suffering -Kama Group Chair
Renowned Entrepreneur and Chairman of the Kama Group, Dr. Michael Agyekum Addo, has emphasized the difficult economic conditions faced by Ghanaians, stating that times are tough. Despite his success, the 70-year-old self-made businessman revealed that his pension plans have been derailed due to the government’s banking sector clean-up, leading to the loss of his savings accumulated over 30 years.
Dr. Addo expressed frustration with his financial situation, as he finds himself facing challenges with his expenses. He explained that either the Ghana Revenue Authority is pressuring him or the Electricity Company of Ghana is threatening to disconnect his power supply.
Speaking at a book launch, the inspirational figure, whose life story symbolizes overcoming adversity, lamented the hardships faced by many, concluding with the Akan word, ‘YƐƐbrƐ oo’, meaning ‘we are indeed suffering’.
Despite his struggles, Dr. Michael Agyekum Addo’s remarkable journey from humble beginnings to becoming a successful entrepreneur is well-documented. In 2022, at the age of 72, he attained a PhD in Marketing and Entrepreneurship from the University of Ghana, highlighting the importance of lifelong learning and the ability to achieve educational milestones at any stage of life.
Dr Addo’s dedication to continuous learning serves as a motivation for young individuals, emphasizing that age should not be a barrier to pursuing education and personal growth. His commitment to education was recognized earlier when he received an honorary doctorate degree from the Kwame Nkrumah University of Science and Technology in 2005.
There is a good reason why you should support the African Editors. Not everyone can afford to pay for news right now. That is why we keep our journalism open for everyone to read, including in Ghana. If this is you, please continue to read for free. But if you are able to, then there are three good reasons to support us today.
1. Our quality, journalism is a scrutinising force at a time when the rich and powerful are getting away with more and more.
2. We are independent and have no billionaire owner pulling the strings, so your money directly powers our reporting.
3. It doesn’t cost much, and takes less time than it took to read this message.
Help power the African Editors' journalism for the years to come, whether with a small sum or a larger one. If you can, please support us on a monthly basis from just 1 Ghana Cedi through mobile money number: 0599896099/ +23359989609 and you can be rest assured that you’re making a big impact every single month in support of open, independent journalism. Thank you.
