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.

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

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.

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

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.

Steve Hanke (@steve_hanke) April 18, 2023

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

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