Finance Minister Ken Ofori-Atta has come under fire from US Professor of Economics, Steve Hanke for what he describes as assigning blame for Ghana's current economic distress.

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According to Prof Steve Hanke, Mr Ofori-Atta is denouncing the role he has played in Ghana's debt worsening.

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Ghana is yet to receive a $3 billion credit facility from the International Monetary Fund (IMF) due to delay in receiving assurance from its external creditors.

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Responding to the issue, Prof Hanke said "Ghana’s Finance Minister, Ken Ofori-Atta is disappointed that foreign lenders had been ‘slow to act’”.

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As 33 African countries suffer from record debt burdens, Ghana’s finance minister, Ken Ofori-Atta, is disappointed that foreign lenders had been 'slow to act.' Instead of recognizing MISMANAGEMENT, he's blaming the CREDITORS for Ghana's debt burden.

https://t.co/j1BT2zmNvC—

Steve Hanke (@steve_hanke) April 18, 2023

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He noted that the Finance Minister "is blaming creditors for Ghana's debt burden" "instead of recognising mismanagement."

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Meanwhile, the IMF is urging Ghana's external creditors to hasten their approval.

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