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Tag Archives: Seth Terkper

Ghana clears 2007 Eurobond

eurobond

Ghana has cleared her first Eurobond issued in 2007. A former Finance Minister, Seth Terkper who confirmed this to Citi Business News said the government cleared the final installment of the bond on October 4, 2017. According to him, the government resorted to about 200 million dollars from proceeds from oil and previous bonds issued to retire the debt. Reacting ...

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Sustain ties with IMF after December 2018 – IFS to gov’t

imf

The Institute of Fiscal Studies (IFS) has impressed on the NPP not to completely cut ties with the International Monetary Fund (IMF) even after completing the three year program in 2018. The IFS explains that the government’s plans to exit the program after 2018 may be necessary only if it is able to meet set economic growth targets independently. The ...

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NPP to miss budget deficit target if … – Terkper

Finance Minister, Mr. Seth Terkper

Former Finance minister, Seth Terkper has predicted that the NPP government will miss its budget deficit target for this year. He argues that the government’s efforts to ensure tax compliance and cut down some expenditure may yield little impact on the economic prospects. Mr. Terkper’s arguments are contained in an article where he impresses on the NPP not to cut ...

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Wobbling economy warranted high taxation –Terkper

Finance Minister, Mr. Seth Terkper

Former Finance Minister, Seth Terkper has dismissed claims that he supervised an economy which focused on taxation at the expense of production. He explains that he cannot be blamed for what the NPP believes is the huge tax burden brought onto businesses. “…When the economy takes a hit, you would have to make sure that GRA rakes in as much ...

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Gov’t to reduce critical expenditure over tax cuts – Terkper

Finance Minister, Mr. Seth Terkper

Former Finance Minister, Seth Terkper, has cast doubts over the government’s ability to meet potential revenue deficits following some tax cuts. He argues that government will also be compelled to resort to cutting down on some critical expenditure to make up for the shortfall. “It appears that the Minister seems to have shifted the debate to the middle because he ...

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Parliament approves 10.9 bn cedis for 2017 first quarter

Parliament House of Ghana

Parliament has approved a GHc 10.9 billion request by the Minister of Finance, Seth Terkper to help finance “critical government expenditure” in the first quarter of 2017. The approval was concluded Thursday evening after almost an hour of deliberations on the floor of the House after the Finance Committee forwarded the request after earlier scrutiny at the committee level. The Committee ...

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Terkper meets Parliament over advanced 2017 expenditure

Terkper in Parliament

The Finance Minister, Seth Terkper is currently engaged in a meeting with Parliament’s Committee on Finance over the Advanced Appropriation Bill presented to Parliament a while ago. Contrary to the expectations of many, Mr. Terkper did not present the details on the floor of the House as the Bill was referred to the Finance Committee for discussion. But a former ...

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 Government’s cost of borrowing to decrease soon – Terkper

Finance Minister, Mr. Seth Terkper

Government is optimistic its cost of borrowing on the international market will reduce as it realigns its fiscal policies and enhance financial discipline. Ghana’s cost of borrowing on the international market had gone up to about 10.25 percent until government recently issued its 5 year 750 million dollars Eurobond, at a coupon rate of 9.25 percent. Some financial watchers have ...

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Seth Terkper presses local investors to buy $100m bond

Finance Minister, Mr. Seth Terkper

Information gathered by Citi Business News indicates that government has commenced meetings with local investors as it prepares to raise its first dollar denominated bond locally. The Finance Minister, Seth Terkper met the investors in Accra last Friday (September 16, 2016), to convince them invest in government’s upcoming $100 million bond this month. The bond, if successful will be used ...

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Bawumia selectively used debt figures – Terkper

Finance Minister Seth Terkper (L), Dr. Bawumia (R)

Finance Minister, Seth Terkper has accused the New Patriotic Party’s (NPP) running mate for the 2016 elections, Dr. Mahamudu Bawumia of selectively using the data on government for his lecture on Thursday, September 8, 2016. According to Mr. Terkper, it is unrealistic for the NDC to borrow 39.9 billion US dollars as announced by Dr. Bawumia since that will be ...

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