Politics of Tuesday, 25 June 2024
Source: peacefmonline.com
Atik Mohammed has criticized former Finance Minister Ken Ofori-Atta, blaming him for Ghana's indebtedness due to excessive borrowing.
On Peace FM's "Kokrokoo" show, he described Ofori-Atta as a "loan addict" whose borrowing led to the nation exceeding its limits and necessitating debt restructuring.
Atik lamented that Ghana's economic struggles could have been avoided and criticized Ofori-Atta for leaving his position instead of addressing the issues he caused.
Despite his criticism, Atik expressed relief that Ghana has reached a debt restructuring agreement, which includes a 37% haircut on Eurobond holders and delayed repayments.