Tag: Seth Terkper
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2022 Budget: Seth Terkper describes revenue target as over-ambitious
Former Finance Minister, Seth Terkper, is asking for in-depth details into how the government plans to achieve some of its targets in the 2022 budget. One of such is the government’s revenue target which Mr. Terkper believes is over-ambitious. The government of Ghana is aiming at increasing the tax to GDP ratio from 16% to…
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Consider NDC’s economic proposals to reverse declining GDP – Terkper to gov’t
Former Finance Minister, Seth Terkper, is asking the government to go back to some of the proposals that the New Democratic Congress (NDC) government put in place to salvage the negative growth of the country’s Gross Domestic Product (GDP). Ghana’s debt stock, according to the caretaker Finance Minister, Osei Kyei-Mensah-Bonsu stands at GHS291.6 billion, representing…
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5.7% GDP growth target for 2021 likely to be missed – Seth Terpker
A former Finance Minister, Seth Terkper, has expressed doubt about governments’ ability to achieve its growth target of 5.7 percent in the year 2021. During his presentation of the 2021 Expenditure in advance appropriation to Parliament on Wednesday, 28th October 2020, Finance Minister Ken Ofori-Atta said he expected growth to rebound strongly in 2021 at…
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Account for funds secured for COVID-19 interventions – Terkper to Gov’t
Ahead of the presentation of the 2020 Mid-Year Budget Review to Parliament on Thursday, July 23, 2020, a former Finance Minister, Seth Terkper, has challenged government to come clean on the use of the various funds set aside to deal with the impact of the COVID-19 pandemic. In dealing with the impact of the ravaging…
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Terkper challenges Ghana’s debt figures published by BoG
Former Finance Minister, Seth Terkper, says Ghana’s total debt stock published by the Bank of Ghana does not reflect the true debt of the country. Mr. Terkper argues that Ghana’s debt to GDP is currently 63 percent and not the 59.3 percent published by the central bank. The Bank of Ghana in its Summary of…
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Taxing mobile money transactions will be double taxation — Terkper
A former Finance Minister Seth Terkper says any taxation levied on fees charged by mobile money operators on transactions would amount to double taxation. Mr. Terkper stated that income earned by MoMo operators are already subject to VAT and any separate tax will be duplication and “punitive” on the companies. In a series of posts…
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Seth Terkper writes: Budget Performance and Fiscal Complacency
The 3-part Article, under the general heading of “Fiscal Complacency”, discusses specific issues arising from the Mid-Year Review, including some that have been on the radar since the presentation of 2017. The headline item is the fiscal deficit rising above 7 percent when all banking sector bailout and capitalization costs are taken into account. Issues…
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[Article] Thoughts on 2019 Mid-Year Review and Economy — Seth Terkper
Don’t rush to praise all of Africa’s “popular” but fiscally unsustainable programs Introduction Context is 2019 Mid-Year Review and need to be realistic about the fiscal prospects for the country—based on past views in interviews and articles. A general call on those who relate to Africa and its leaders not to ingratiate or praise…
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![[Article] Seth Terkper writes: The true status of the NPP’s 17+ tax measures (1)](https://citibusinessnews.com/wp-content/uploads/2019/07/FINANCE-MINISTER.jpg)
[Article] Seth Terkper writes: The true status of the NPP’s 17+ tax measures (1)
Introduction The 2017 Budget tax “reliefs” have been extolled for almost three years and, likely will be likely repeated ad nauseum in 2019 and 2020. However, the 2019 Mid-Year Review may also result in more explicit reversals of some “nuisance” tax measures that have adversely affected the tax structure. Progress in the third successive year…
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Be realistic about fiscal prospects — Terkper tells Ofori-Atta
The former Finance Minister Seth Terkper has stated that there is the need for the Akufo-Addo government to be realistic about where they intend taking the country. With the Finance Minister Ken Ofori-Atta scheduled to present the mid-year budget review to Parliament on Monday, his predecessor is arguing that the government is crumbling under the…