Addo's departure comes after a 2-1 defeat by Germany in a friendly in Stuttgart on Monday, and a 5-1 thrashing by Austria in Vienna last Friday.
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Ghana have lost their last four games under Addo.
The Ghana FA announced this morning: "The Ghana Football Association (GFA) has parted ways with the Head Coach of the senior men’s national team (Black Stars), Otto Addo effective immediately.
"The Association wishes to thank Otto Addo sincerely for his contribution to the team and wishes him the best of luck in his future endeavours.
"The Ghana Football Association will communicate the new technical direction of the Black Stars in due course."