There is increasing conversation about the future of Ghana after it emerged that the country will be seeking an IMF bailout after all. Months before this government had denied and refuted all arguments and claims that IMF was the future for Ghana. Well, now it is clear that the country’s economy is in a mess and needs immediate intervention.
Since last week Tuesday, 4 teacher unions embarked on an indefinite strike. The teacher unions are calling for a 20% increase in their Cost Of Living Allowance. The teacher argue that they have asked the government for this and have seen that the government isn’t ready to listen so decided to embark on a strike action.
Readers can recall how the former Finance Minister Seth Terkper advised government to reduce expenditure to enable the economy to improve. It can also be recalled that Seth Terkper said that he did not support the legislation of the E-levy in its form .He further advised government to put together sound sound policies if they wanted to go to the IMF.
What Happened To The Gh¢1 To $1 Promise? The US Dollar and the economy of Ghana has arrested and locked up Dr. Bawumia and the New Patriotic Party (NPP) swallowed the keys. The exchange rate under the former President John Dramani Mahama as of December 2016 was Gh¢3.7 to $1.
One of Ghana's most popular finance ministers has spoken about employment status in the country during his time when he was the Minister of Finance and Economic planning. Honourable Seth Emmanuel Terkper has told Ghanaians that, the National Democratic Congress government did not freeze employment but rather created more jobs and employed more people using infrastructures.
The editor in chief for the fourth Estate media, Manasseh Azure Awuni has exposed former Education Minister, Dr Matthew Opuku Prempreh over Keta sea defense wall project. The fourth Estate media has disclosed that claims that the minister of energy has made about Keta Sea Defense Wall is false and misleading.
Former Finance Minister Seth Terkper has said that the Akufo-Addo-led government could have gone to the International Monetary Fund (IMF) for support much earlier than it has done. Nonetheless, he welcomed the decision by the government to seek support from the Fund. Mr Terkper told Paa Kwesi Asare on the News 360 on TV3 Friday July 1 that attention must be focused on the nature of proposal that the government will be presenting to the Fund.
Former Finance Minister, Seth Terkper says the current finance minister Ken Ofori Atta has to be blamed for the current economic malices in the country. He thinks that the finance minister Ken Ofori Atta is the reason for going to the IMF late for a bailout in the current economic dispensation.
It has been an interesting weekend as issues regarding Ghana’s decision to join the IMF has been trending. Ghana has suffered serious economic failures and this has occasioned the country to finally seek help from the international programme. Information Minister was tonight on Joy News’, The Probe and made interesting revelations regarding Ghana’s economy.
Former Minister of Finance, Seth Terkper has questioned why a country whose debt to Gross Domestic Product (GDP) ratio stands at 80% continues to borrow to finance Free Senior High school.He made this statement on Atinka TV this morning, Tuesday 13th April, 2021.
Ghana's former Finance Minister, Mr. Seth Terkper has sent a message to government about what needs to be about the Free Senior High School education. Speaking on Joy FM this morning, Mr. Seth Terkper clearly revealed that most of the flagship programmes, including the Free Senior High School initiative (Free SHS), and the Agenda 111 are unsustainable and for that matter, something must be done about it.
Ghana heading to the IMF has generated a lot of reactions all over and as at now, Ghanaians are not settled with government on the same side in ramekin with government’s decision to seek for a bailout. This has forced government to deploy some of its competent members to preach about the positive impacts as well as defending the option for the loan to Ghanaians via media stations.
Seth Terkper, former Finance Minister, has once again lamented the negative impact of the Electronic Transfer Levy (E-Levy) on ordinary Ghanaians. Apart from being poorly designed and inequitable, he claims that the contentious tax policy raises the operational costs of new and innovative businesses in the technology sector.
Please click on the follow button at the top right corner to get daily updates. Kindly comment, like or share this tantalizing piece. Thank you for reading. Many experts are worried about the fact that Ghana's debt management strategy seem not to be working very well.
Mr Seth Terkper, the Former Minister of Finance under Former President John Mahama, has reacted to yesterday's press briefing, by the Minister of Finance, Ken Ofori Atta. In a press briefing on Thursday, 24 March 2022, Ken Ofori-Atta announced that, government has imposed a complete moratorium on the purchase of imported vehicles for the rest of the year, with immediate effect; and that, the new policy will affect all new orders, especially 4-wheel drives.
The former Member of Parliament for Kumbungu has criticized the minority leader for his “shifty” position on the 1.7% E-levy. Ras Mubarak in a Facebook post said Haruna Iddrisu is failing to show leadership by departing from the stands of the minority in parliament. The former National Youth Authority boss wondered why Haruna will believe the words of the finance minister as against the views of experts like Kwame Pianim, Seth Terkper, Ato Forson, Nii Moi Thompson and others on the E-Levy.
President Akuffo Addo through the Attorney General, filed a criminal case against former works and housing minister Hon. Collins Dauda and four others for the roles they played in executing the Segleme Housing project. The four are being charged for causing financial loss to the state amongst other crimes.
The Minister is of the view that,there would be good account on the Government budget 2021.The previous Finance Minister, Seth Tekper, has noted that enterprise admit all on the country's financial figures earlier than the Covid-19 pandemic struck the country.
Honourable Seth Terkper the former Minister for Finance has stated that the current problem of Ghana's economy is not a result of the deadly COVID -19 pandemic.
Seth Terkper who was the former Finance Minister has said the Energy Sector Levy Act (ESLA) that was presented by the Mahama organization is as of now assisting President Nana Addo Dankwa Akufo-Addo with paying obligations in the energy area.