Tag: Seth Terkper
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Free SHS and other programs must be redesigned now – Seth Terkper
As the government prepares to commence talks with the International Monetary Fund (IMF) for a bailout program, former Finance Minister Seth Terkper has charged government to candidly assess the sustainability of programs like the Free Senior High School Policy. According to him, some of the flagship programs are a drain on governments’ resources. The announcement…
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E-Levy is an overhyped revenue generation measure – Seth Terkper
Former Finance Minister, Seth Terkper has described the Electronic Transfer Levy (E-levy), as an overhyped revenue generation policy. According to him, many Ghanaians are now trying to find ways to avoid paying the levy. The E-levy, which was amended from 1.75 % to 1.5 % on Tuesday, March 29, 2022, is a tax that applies…
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Seth Terkper cautions government against defaulting on debt repayment
Former Finance Minister, Seth Terkper has warned that the worst thing that could happen to Ghana at this point as the economy strives to rebound will be to default on debt repayments. The remarks were made as part of a dialogue on the state of the Ghanaian economy hosted by the former Finance Minister, on…
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Seth Terkper urges Gov’t to present its policy alternative to an IMF program
Former Finance Minister, Seth Terkper has urged government to come out with alternative policies and programs that will support Ghana’s ailing economy, since it insists on not going to the International Monetary Fund (IMF) for support. Finance Minister, Ken Ofori-Atta, last week reiterated government’s stance on not seeking a bailout from the IMF, saying government…
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Current high inflation rate not an isolated event – Seth Terkper
Former Finance Minister, Seth Terkper has called on government to take a comprehensive look at the economy to resolve the high inflation rate phenomena being experienced and its knock-on effect on other parts of Ghanaian life. According to Mr. Terkper, the high rate of inflation is connected and tied to different aspects of the economy…
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More oil cash could help gov’t meet 2022 revenue target – Seth Terkper
Former Finance Minister, Seth Terkper says a sustained high price of crude oil on the international market could help government in raking in much-needed revenue for this year. From a revenue target of GH¢72 billion in 2021, government has set for itself a new target of GH¢ 100 billion for 2022, and is hoping the…
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Gov’t will still struggle to meet 2022 revenue target despite E-Levy passage – Seth Terkper
Former Finance Minister, Seth Terkper has expressed doubt over government’s ability to meet the revenue target of GH¢ 100 billion, despite the approval of the Electronic Transfer Levy (E-levy) law. The implementation of the E-levy, which is expected to commence in May 2022, was originally expected to help bring in about GH¢6.9 billion this year…
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Attributing all our challenges to COVID-19 affecting Ghana’s credibility – Seth Terkper
Former Finance Minister, Seth Terkper says Ghana’s credibility on the international market is waning due to the continuous attribution of the country’s issues to the COVID-19 pandemic and the Russian–Ukraine War. The remarks come on the back of President Nana Akufo-Addo’s recent interview with the BBC, where the President sought to defend the state of…
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Seth Terkper advises against e-levy; urges government to run to IMF
A former Finance Minister, Seth Terkper, is asking the government to heed to calls by stakeholders to return to the International Monetary Fund (IMF) to finance the country’s deficit instead of taxing Ghanaians through the electronic transfer levy. Mr. Terkper who has already registered his opposition to the idea of the e-levy, believes the government…
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E-levy will disrupt tax structure if implemented- Seth Tekper
Former Finance Minister Seth Terkper says the E-levy policy if implemented, will disrupt the country’s tax structure. Speaking at a PFM tax dialogue Mr. Terkper said the policy takes the country back in time, undoing major work that has been done to strengthen the tax system. “VAT replaces all these taxes so part of my…