Audio By Carbonatix
Renowned US Professor of Economics, Steve Hanke has chastised Finance Minister Ken Ofori-Atta for mismanaging the Ghanaian economy.
Professor Hanke who is a hard critic of Ghanaian authorities in a tweet was surprised 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.
Ghana’s last hurdle to securing a Fund programme is getting approval from the Paris Club and other creditors to restructure its debt.
Though talks are said to have progressed with the creditors, it is unclear when the green light will be given to enable Ghana to secure the Fund programme.
Latest Stories
-
Rule of law must be protected – GBA condemns EOCO action against Baffour Awuah
16 minutes -
950,000 barrels of Sankofa crude head to TOR as GNPC deepens domestic refining
28 minutes -
Scales of deception removed – Annoh-Dompreh attacks new cocoa price
40 minutes -
Young Positivist Writes : My Experience with GCLP
2 hours -
Strong Day 1 turnout sets tone for Day 2 of Republic Bank-JoyNews Habitat Fair Clinic
2 hours -
Ghana Army warns new soldiers against social media misuse, uniform abuse
3 hours -
AMA calls for science-led action to tackle environmental health risks in Accra
3 hours -
NPP Canada Organizer BigMo urges Diaspora to support Kodua Frimpong
4 hours -
He entered at eight. He is now 16: Ghana’s children growing up in prayer camps
7 hours -
‘Development must not always begin from Accra’ — Anwelle Foundation launched in Jirapa
7 hours -
PKO trio eye victories at Odwira Festival
9 hours -
346 Ghana Navy recruits pass out after 26 weeks of intensive training
9 hours -
Newsfile to discuss EOCO-MP arrest, drug trafficking, speech arrests and $235m water debt
10 hours -
JoyNews gets results as listeners raise GH¢40,000 to help 17-year-old student with cerebral palsy attend SHS
10 hours -
Vice President calls for stronger local pharmaceutical production to reduce medicine imports
11 hours