Be cautious with your expenditure- Seth Terkper to Gov’t after IMF Exit

SETH TERKPER-FORMER FINANCE MINISTER,NDC

Former Finance Minister under the erstwhile John Dramani Mahama’s administration, Seth Terkper has admonished government to spend cautiously after IMF exit.

According to him, the government shouldn’t mismanage the economy after the exit to create mess for any other government who takes over from them to suffer.

To him, NPP must be cautious on their expenditure.  
The Minister of Finance, Ken Ofori Atta has said the cedi is performing better under the Nana Addo administration.
The Minister’s assertion comes weeks after a significant depreciation of the cedi.

“The cedi suffered major turbulence during the first quarter of the year mainly as a result of a confluence of factors including pressure on the current account as a result of income transfers by corporate as well as seasonal importers among others. This turbulence happened despite the strong economic fundamentals and improvements in our balance of payments which our government has achieved in the last two years.

“We have done so much work to ensure that the economic fundamentals are robust and able to support economic growth and transformation. It is also note worthy that despite this challenge, the cedi has performed better over the last two years than when compared specifically to 2012 and 2015,” said the Minister while addressing Parliament on today [Thursday].
Meanwhile, the Former Finance Minister has refuted these claims.