Economic Issues

“Instead of recognising mismanagement, he is blaming creditors for Ghana’s debt burden – Hanke criticises Ofori-Atta

“Instead of recognising mismanagement, he is blaming creditors for Ghana’s debt burden – Hanke criticises Ofori-Atta

liveghanatv.comApr 18, 2023 10:00 PM

Renowned US Professor of Economics, Steve Hanke has chastised Finance Minister, Ken Ofori-Atta, for mismanaging the Ghanaian economy.×250&!2&btvi=1&fsb=1&xpc=2iZUTffl5T&p=https%3A//

Professor Hanke who is a hard critic of Ghanaian authorities in a tweet was surprise about Mr. Ofori-Atta’s position that he’s disappointed foreign lenders have been slow to act in supporting Ghana’s quest to get a programme from the International Monetary Fund.

“As 33 African countries suffer from record debt burden, Ghana’s Finance Minister, Ken Ofori-Atta is disappointed that foreign lenders had been ‘slow to act’”.

“Instead of recognising MISMANAGEMENT, he is blaming CREDITORS for Ghana’s debt burden”, he concluded.×250&!3&btvi=2&fsb=1&xpc=iYXGfCRpZc&p=https%3A//

Ghana’s last hurdle to secure a Fund programme is getting approval from the Paris Club and other creditors to restructure its debt.

Though talks is said to have progressed with the creditors, it is unclear when the green light will be given to enable Ghana secure the Fund programme.

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