According to American economist Prof. Hanke, Nana Addo is drowning Ghana in debt.

Professor Steve Hanke, an American economist who teaches applied economics at Johns Hopkins University in Baltimore, Maryland, has criticized President Nana Addo Dankwa Akufo-Addo, claiming that he deliberately led Ghana into a debt problem.

According to American economist Prof. Hanke, Nana Addo is drowning Ghana in debt.
According to American economist Prof. Hanke, Nana Addo is drowning Ghana in debt.

He claimed in an X post that the president’s intentional acts are the reason Ghana is drowning in debt. The national debt of the nation decreased by GH¢14.2 billion between June and September 2023, although it still stands at GH¢567.3 billion ($51.0 billion), or 66.4% of GDP.

A halt to foreign borrowing and slight currency gains are blamed for the volatility.

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