- Past finance minister, Seth Terkper is arguing he was not the cause of the defeat of the NDC in the 2016 polls
- Seth Terpker makes the case that his economic policies were all considered by cabinet and parliament
Immediate past finance minister under the Mahama administration, Seth Terpker, has distanced himself from the defeat of the party in the 2016 general elections making the case that he, in no way, was behind the unfortunate defeat of the party to the NPP.
The opposition National Democratic Congress (NDC) has been on a blame-game over who or what caused the downfall of the party in the 2016 elections with massive blames laid on the former president for failing to fulfil the promises of the party to Ghanaians.
But the blame game has also seen the name of Seth Terpker mentioned as political critics say his economic reforms and policies created a tight environment for the private sector to thrive and remain competitive on the Ghanaian market.
Seth Terkper has come out to speak to these claims as he maintains that each economic policy by his office during his tenure as finance minister was strictly discussed and approved by the cabinet and subsequently, parliament.
According to him, the NDC government’s resolve to cut down on the single spine salary structure was mainly due to the consistent ways by which the economy was being eaten by public sector wages.
“We couldn’t keep the Single Spine Salary Structure at 70 percent including arrears, about 60 percent excluding arrears without doing something about it. You had to take some difficult measures,” he explained in an interview with Joy FM.
It would be recalled that the NDC administration has suffered massive criticisms for its economic policies which included the introduction of special levy taxes and the capping on public sector employment coupled with the introduction of the IMF program which also came up with austere economic reforms.
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