Seth Terkper Appointed as Presidential Advisor on the Economy
Former Finance Minister Seth Terkper has been appointed as the Presidential Advisor on the economy. In this strategic role, Terkper will provide essential counsel to the President on critical economic matters such as fiscal policy, debt management, and economic recovery strategies.
A Strategic Appointment Amid Economic Challenges
Terkper’s appointment comes at a time when Ghana is grappling with several economic challenges. These include rising inflation, growing public debt concerns, and currency depreciation. As the new advisor, Terkper is expected to be at the forefront of Ghana’s efforts to overcome these issues and steer the country toward sustainable economic growth.
Collaborating with Finance Minister-Designate Dr. Cassiel Ato Forson
Terkper’s role will see him working closely with Finance Minister-designate Dr Cassiel Ato Forson, collaborating on a series of economic policies aimed at stabilizing the economy under the leadership of President John Mahama. This teamwork is expected to contribute to the government’s broader economic agenda.
Bringing Expertise to the Table
Terkper’s extensive experience will be invaluable in his new role. He served as Ghana’s Finance Minister from 2013 to 2017, where he played a pivotal role in implementing critical fiscal reforms, including efforts to enhance public financial management and stabilize the national economy.
His experience includes negotiating Ghana’s Extended Credit Facility (ECF) program with the International Monetary Fund (IMF) and spearheading the introduction of policies like the Energy Sector Levy Act (ESLA), which aimed to address energy sector debt.
A Step Toward Economic Recovery
The appointment of Seth Terkper as the Presidential Advisor on the economy reflects the government’s commitment to drawing on expertise to address the country’s economic challenges. His insights are expected to help shape policies that foster growth, stabilize the macroeconomic environment, and enhance investor confidence in Ghana’s economic future.
With Terkper’s leadership and experience, Ghana is poised to navigate its economic obstacles and set the stage for long-term prosperity