Professor of applied economics at the Johns Hopkins University in the US, Prof. Steve Hanke has stated that the Finance Minister of Ghana should accept blame for mismanaging the country’s economy.
According to him, Ken Ofori-Atta wants to blame creditors for their reluctance to help the country after mismanaging the economy.
Although Ghana has met most of the requirements of the International Monetary Fund (IMF), one hurdle remains which is getting approval from the Paris Club and other creditors to secure the $3 billion bailout from the IMF.
Professor Hanke in a tweet he shared lambasted the Finance Minister of Ghana for blaming these foreign lenders rather than recognizing management of the country’s resources.
The tweet which was sighted by 1Family Radio stated, “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’.
He continued, “Instead of recognizing mismanagement, he is blaming the creditors for Ghana’s debt burden.’’
Source: 1Familyradio
