{"id":1141440,"date":"2022-07-04T13:12:36","date_gmt":"2022-07-04T13:12:36","guid":{"rendered":"https:\/\/www.ghanamma.com\/2022\/07\/04\/seth-terkper-jabs-govt-for-blaming-covid-19-for-economic-woes\/"},"modified":"2022-07-04T13:12:36","modified_gmt":"2022-07-04T13:12:36","slug":"seth-terkper-jabs-govt-for-blaming-covid-19-for-economic-woes","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2022\/07\/04\/seth-terkper-jabs-govt-for-blaming-covid-19-for-economic-woes\/","title":{"rendered":"Seth Terkper jabs govt for blaming Covid-19 for economic woes"},"content":{"rendered":"<p><\/p>\n<div>\n<div class=\"td-post-featured-image\">\n<figure><img loading=\"lazy\" decoding=\"async\" width=\"696\" height=\"418\" class=\"entry-thumb\" src=\"http:\/\/www.ghanamma.com\/wp-content\/uploads\/2022\/07\/seth-terkper-Copy-696x418.jpg\"   alt=\"Former Finance Minister, Seth Terkper\" title=\"seth terkper (Copy)\"\/><figcaption class=\"wp-caption-text\">Former Finance Minister, Seth Terkper<\/figcaption><\/figure>\n<\/div>\n<p>A former Finance Minister, Seth Terkper, has stated that government is placing too much emphasis on COVID-19, as the cause of the country\u2019s economic challenges.<\/p>\n<p>According to him, though he acknowledges the global impact of the pandemic, there are other weighty mistakes which have contributed to the country\u2019s current fiscal woes.<\/p>\n<p>Speaking in an interview with Bernice Abu-Baidoo Lansah on the <strong>AM Show<\/strong> on Monday, he explained that, the former National Democratic Congress regime created a lot of robust structures which could have prevented the economy from getting to its current decline.<\/p>\n<p>The former Minister under the erstwhile John Mahama administration, however, indicated that these structures and buffers have been run down by the current regime; leading to the country\u2019s proposed return to the IMF.<\/p>\n<p><!-- \/22191989129,1002554\/MGL\/mgl_ado_atunwa_300x250 --><\/p>\n<p>\u201cYou can\u2019t attribute everything to COVID. Ghana had oil. Ghana was using her oil. We were blessed. Whatever the oil was used [for], they should explain and not be putting the blame on President Mahama. I\u2019m here to defend that record, because it\u2019s there and I\u2019ve told you [about] the buffers and things in our plan \u2026 Yes I\u2019m not in denial. COVID is severe. And it\u2019s worst than global financial crisis. That I admit,\u201d he stated.<\/p>\n<p>In his submissions, the former Finance Minister further intimated that, the lack of fiscal discipline on the path of the current Akufo-Addo administration also accounts for the country\u2019s decision to seek support from the International Monetary Fund (IMF).<\/p>\n<p>Meanwhile, a team from the IMF is expected to arrive in Ghana on Wednesday, July 6 to begin negotiations with government on the economic support it is seeking.<\/p>\n<p>The IMF officials \u2013 comprising senior officers from the Fund and local staff \u2013 will meet the Finance Ministry, the Economic Management Team and the Presidency to among other things  deliberate on the modalities for a package to support Ghana\u2019s ailing economy.<\/p>\n<p>Details of the bailout programme and its conditionalities will be made public after several engagements.<\/p>\n<p>            <!--  [embed]https:\/\/www.youtube.com\/watch?v=videoseries[\/embed]<!--\" frameborder=\"0\" allow=\"accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><\/iframe>--><\/p>\n<div class=\"youtube-embed\" data-video_id=\"WXtpN1gF3mc\"><iframe loading=\"lazy\" title=\"Adom News Gets Help for \u201cMad Woman\u201d \u2013 Adom TV News (2-7-22)\" width=\"696\" height=\"392\" src=\"https:\/\/www.youtube.com\/embed\/WXtpN1gF3mc?feature=oembed&#038;enablejsapi=1\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><\/iframe><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Former Finance Minister, Seth Terkper A former Finance Minister, Seth Terkper, has stated that government is placing too much emphasis on COVID-19, as the cause of the country\u2019s economic challenges. According to him, though he acknowledges the global impact of the pandemic, there are other weighty mistakes which have contributed to the country\u2019s current fiscal [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1141442,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[187],"tags":[4842,261,3010,225,1455,7302,3832,1755],"class_list":["post-1141440","post","type-post","status-publish","format-standard","has-post-thumbnail","category-politics","tag-blaming","tag-covid19","tag-economic","tag-govt","tag-jabs","tag-seth","tag-terkper","tag-woes"],"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1141440","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/comments?post=1141440"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1141440\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/media?parent=1141440"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/categories?post=1141440"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/tags?post=1141440"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}