Finance Minister boasts of a stabilized economy as NDC administrations leaves office

Finance Minister boasts of a stabilized economy as NDC administrations leaves office

Outgoing finance minister, Seth Terkper, stated the outgoing National Democratic Congress (NDC) Administration will be leaving a stabilized Ghanaian economy once it hands over the reigns of government come the January 7th inauguration date.

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Finance Minister boasts of a stabilized economy as NDC administrations leaves office

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Quoting off figures pertaining to different parts of the economy, the outgoing Finance Minister painted a positive picture of the current state of Ghana's economy as a well-stabilized economy with positive future prospects.

Addressing the press in an interview on Tuesday, December 20th, 2016, Mr. Terkper also spoke about the country's current budget deficit, saying that the it, too, had been reduced over the current government's four year term in office.

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The outgoing Finance minister stated that the current governments fiscal consolidation program has aided in turning the country's economy by significantly reducing the rate of inflation, stabilizing Cedi, and reducing the budget deficit from 12 to 6.3.

“Over the last four years we have been following a path of fiscal consolidation, which has led to an economy that has turned around, and the economic indicators points to a clear stabilized economy”.

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Finance Minister boasts of a stabilized economy as NDC administrations leaves office

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