President Mahama has appointed former Finance Minister Seth Terkper as his Presidential Advisor on the Economy. Moving forward, Terkper will actively guide the President on fiscal policy, debt management, and economic recovery strategies.
Meanwhile, Ghana continues to face significant economic challenges, as inflation soars, public debt mounts, and the currency weakens. Therefore, Seth Terkper’s expertise will prove crucial in addressing these pressing issues and driving sustainable growth.
Furthermore, Terkper will collaborate closely with Finance Minister-designate Dr. Cassiel Ato Forson to execute economic policies under President Mahama’s administration. Together, they aim to restore stability and rebuild investor confidence in Ghana’s economy.
Seth Terkper brings substantial experience from his previous role as Finance Minister between 2013 and 2017. During that time, he successfully spearheaded key fiscal reforms that strengthened public financial management and stabilized the economy. Additionally, he led negotiations for Ghana’s Extended Credit Facility (ECF) program with the International Monetary Fund (IMF). He also introduced groundbreaking policies like the Energy Sector Levy Act (ESLA) to tackle energy sector debt.
By selecting Terkper, the government has clearly demonstrated its commitment to utilizing experienced leadership in confronting economic challenges. His insights will help shape policies that stabilize the macroeconomic environment, accelerate growth, and strengthen investor trust.
Above all, as Ghana faces mounting economic headwinds, Terkper’s appointment comes at a critical juncture. His deep understanding of fiscal reforms and debt management will undoubtedly prove invaluable as he helps navigate the country through these turbulent economic times. The collaboration between Terkper and Dr. Forson signals a renewed focus on economic recovery and sustainable development for Ghana’s future.
