Former Finance Minister Seth Terkper has expressed confidence in the government’s ability to navigate Ghana’s economic challenges, citing the 2025 budget presentation as proof of their preparedness.
In an interview with Accra-based CTV’s Gordon Desmond Sackitey, Terkper emphasized that the budget draws insights from multiple sources, including the National Democratic Congress manifesto, the State of the Nation Address (SONA), and the Economic Dialogue and Education Forum.
This, he believes, reflects a comprehensive understanding of the economy and a commitment to finding sustainable solutions.
Acknowledging the difficult economic climate, Terkper pointed out the government’s inability to issue long-term bonds domestically, as well as the sacrifices required from citizens.
However, he remains optimistic about the future, citing President John Dramani Mahama’s commitments and the strategic direction outlined in the budget.
The former finance minister and Presidential Advisor also stressed the need for a collective effort to restore economic stability, drawing inspiration from the successful policies of the Mills-Mahama administration.
He believes the government will revisit and implement policies that previously delivered positive outcomes.
Terkper particularly commended the introduction of economic buffers to shield the country from external shocks, describing it as a proactive step toward economic resilience.
Overall, he expressed satisfaction with the budget, stating that it met his expectations and aligned with the nation’s economic recovery goals.
Meanwhile, watch this Ghana Month special edition of People and Places as we hear the story of how the head of Kwame Nkrumah’s bronze statue was returned after 43 years, below: