Ghana is not broke – Terkper

Read Article

Comments (49)

This article is closed for comments.

Read Comments Comments (49)

Joe ballack UK 11 years ago

Pay teachers and health worker then

Pay teachers and health worker then
Clerck 11 years ago

What Tekper is saying is true. The solution to the problem he sees is in the hands of compitent people who for the sake of their political affiliations , believes and worse of all, their places of origin, have been refused to ...
read full comment

What Tekper is saying is true. The solution to the problem he sees is in the hands of compitent people who for the sake of their political affiliations , believes and worse of all, their places of origin, have been refused to handle the issue.For him no because he is an Ashante man- that is our problem. For tribal divides ghana suffers.
insight to the bone 11 years ago

very true , Ghana is over but the pandora box of hegemony ,ethnocentrism , chauvinism , tribal rascism , institutional corruption and veiled ideological hate has been opened. it is only a matter of time when the country brea ...
read full comment

very true , Ghana is over but the pandora box of hegemony ,ethnocentrism , chauvinism , tribal rascism , institutional corruption and veiled ideological hate has been opened. it is only a matter of time when the country breaks up peacefully or in war . one can not in these times bury one's head in the sand like an ostrich but should prepare for the once unthinkable . its pay day for all the evils and stubbornness of the corrupt political oligarchy of the last 60 years who have neglected their obligations to the ordinary man for their own selfish gains. today the whispers are slowly becoming thundering shouts for freedom and yes Ghana can never be the same . it changed the day atta mills was brutally murdered and this govt refused an inquest so the truth be known . long live the republic of Akan
OSBON 11 years ago

If Ghana break up, what will happen to my wife and children from Trokosi Land.
We must stay together as one nation many regions like a federal state.
Every region should have it own Police service, teacher, health service e ...
read full comment

If Ghana break up, what will happen to my wife and children from Trokosi Land.
We must stay together as one nation many regions like a federal state.
Every region should have it own Police service, teacher, health service etc, but free travel.
ZoRRo 11 years ago

The country is not broke; it is just led by visionless leaders who don't know what to do with the country's resources.

The country is not broke; it is just led by visionless leaders who don't know what to do with the country's resources.
SHAMO 11 years ago

GHANA IS NOT BROKE AND YOU ARE GOING FOR ONLY $3BLN LOAN FROM CHINA, SO WE DONT HAVE WE HAVE THAT $3BN? HY CANT WE SPONSOR THAT LOAN AND WE ARE GOING FOR IT OUTSIDE WWITH INTEREST! MAHAMA HAS USED IT TO BUY 4X4 AND SHARED TO ...
read full comment

GHANA IS NOT BROKE AND YOU ARE GOING FOR ONLY $3BLN LOAN FROM CHINA, SO WE DONT HAVE WE HAVE THAT $3BN? HY CANT WE SPONSOR THAT LOAN AND WE ARE GOING FOR IT OUTSIDE WWITH INTEREST! MAHAMA HAS USED IT TO BUY 4X4 AND SHARED TO HIS GIRL FRIENDS
Jato Julor (J.J.) Rawlings 11 years ago

Tekpor,are you saying that John Mahama(first president of Ghana with 24 children from 13 women)lied ?

John Mahama(first president of Ghana with 24 children from 13 women)told Ghanaians during his state of the nation addres ...
read full comment

Tekpor,are you saying that John Mahama(first president of Ghana with 24 children from 13 women)lied ?

John Mahama(first president of Ghana with 24 children from 13 women)told Ghanaians during his state of the nation address that Maaaame Ghana's meat is all gone and now left with the bones.

So Seth Terkper, you and John Mahama(first president of Ghana with 24 children from 13 women),who is telling Ghanaians the truth ?

Was John Mahama(first president of Ghana with 24 children from 13 women)telling Ghanaians blue lies, or is you Seth Tekpor rather who is a liar ?
PAPA ARKOH, USA 11 years ago

GHANAIANS ARE JUST STUPID AND MYOPIC...THIS IS PLAIN AND SIMPLE.

GHANAIANS ARE JUST STUPID AND MYOPIC...THIS IS PLAIN AND SIMPLE.
VOLUNTORY CONTRIBUTOR 11 years ago

The writer is saying, they are learning to think ahead, not to fall down flat on their belly. This is good for the country, as much as, their findings will give responsible accounts of their actions and transactions.

The writer is saying, they are learning to think ahead, not to fall down flat on their belly. This is good for the country, as much as, their findings will give responsible accounts of their actions and transactions.
Joe ballack UK 11 years ago

Then why all these strikes across Ghana?

Then why all these strikes across Ghana?
SGT ANAI FIADZOE 11 years ago

NDC administration led by corrupt Mahama are liars, deceitful and dishonest who does not understand transparency, probity, accountability
and social Justice.

NDC administration led by corrupt Mahama are liars, deceitful and dishonest who does not understand transparency, probity, accountability
and social Justice.
James Utata 11 years ago

they would be chased out of office soon. incompetent thieves.

they would be chased out of office soon. incompetent thieves.
AKASI MARTHA NZEMA 11 years ago

I WISH EVERY GHANAIANS WOULD HAVE VISITED ARIZONA USA, AND COMPERE TO GHANA. YOU WILL SEE THAT AFRICANS ARE LAZY BUT NOT POOR.

I WISH EVERY GHANAIANS WOULD HAVE VISITED ARIZONA USA, AND COMPERE TO GHANA. YOU WILL SEE THAT AFRICANS ARE LAZY BUT NOT POOR.
Concerned 11 years ago

If you don't have a penny today but next week you are going to get paid.Let me assure you, you are broke. If a family earns 3000 and they spend 2500 and 300 on it's own does not tell you if you are broke or not. It's your in ...
read full comment

If you don't have a penny today but next week you are going to get paid.Let me assure you, you are broke. If a family earns 3000 and they spend 2500 and 300 on it's own does not tell you if you are broke or not. It's your inability to meet your financial commitments which determines it.
So tell us, if we are not broke, why cant you pay the doctors,contractors and all the others chasing you for payment? Stop this foolish talk and do some work mr minister
Steel-Pulse (Primus-Interparis) 11 years ago

YOU CAN CHOOSE TO SAY WHATEVER YOU WANT AND ACT LIKE THE PROVERBIAL OSTRICH (BURY YOUR HEAD IN THE SAND); THE POINT IS THE REAL FACTS WILL CATCH UP WITH YOU. IF YOUR MOTHER IS DEAD AND YOU SAY SHE IS ASLEEP, .........TIME WIL ...
read full comment

YOU CAN CHOOSE TO SAY WHATEVER YOU WANT AND ACT LIKE THE PROVERBIAL OSTRICH (BURY YOUR HEAD IN THE SAND); THE POINT IS THE REAL FACTS WILL CATCH UP WITH YOU. IF YOUR MOTHER IS DEAD AND YOU SAY SHE IS ASLEEP, .........TIME WILL TELL!!!
Kk3 11 years ago

Talk is cheap....what does liquidity problems mean if not broke?

Talk is cheap....what does liquidity problems mean if not broke?
Kk3 11 years ago

This man just fired himself with these less developed statement and if Mahama has a penchant to succeed then he must change this man's role. I'm sure he can be useful, just not in this capacity.
Shame to NPP for not being th ...
read full comment

This man just fired himself with these less developed statement and if Mahama has a penchant to succeed then he must change this man's role. I'm sure he can be useful, just not in this capacity.
Shame to NPP for not being there to vet and challenge such characters.
ASANTEWA 11 years ago

GHANA is being CONTROLLED by FOOLS/DOGS.

MAHAMA WASTED OIL MONEY to BRIBE the VOTERS in 2012 ELECTION

GHANA is being CONTROLLED by FOOLS/DOGS.

MAHAMA WASTED OIL MONEY to BRIBE the VOTERS in 2012 ELECTION
ASANTEWA 11 years ago

TERKPER and COMPANY are STEALING OIL MONEY FAST

TERKPER and COMPANY are STEALING OIL MONEY FAST
NII LARTEY NARTEY 11 years ago

If Ghana not broke show us the money. Is this man living on a different planet? If the country is not broke then there must be something disgustingly outrageous wrong with the government and it ways of management.

The nati ...
read full comment

If Ghana not broke show us the money. Is this man living on a different planet? If the country is not broke then there must be something disgustingly outrageous wrong with the government and it ways of management.

The nation is not broke, so why the huge social economic hardships?

Why job insecurity, poverty, no infrastructure, hospitals not equipped, no medications to cure our sick, children hospitals closing down, roads turned into death traps, chaotic social security mess, despicable youth unemployment including young graduates walking aimlessly on our streets, Doctors, Pharmacists, Teachers, Nurses, and other civil servants have to go on strikes to demand for their salary payments, children education and classes still being conducted under trees and half building structures, no proper mechanized tools and provision of fertilizers for our farmers, unbearable transportation fares, filthy gutters choked with horrible environment in out cities full of garbage, shortage of ordinary basic needs like drinking water and electricity?

I can go on and on and on to write about the gargantuan social hardships facing the nation and people for you to tell us that Ghana under your corruptly criminal Mahama led guinea fowls government is not broke.

How can a government spend over 8.7 million on a national budget yet have no a single structure to prove where the money went?

With the likes of you in sensitive political positions, no wonder our national priority is guinea fowls project.
Kwame 11 years ago

But where is the enam? We can't chop bones only to survive Mr. Minister.

But where is the enam? We can't chop bones only to survive Mr. Minister.
Tokyo !! 11 years ago

Liars . Thieves disgraceful leaders. U should all now down ur heads in Shame

Liars . Thieves disgraceful leaders. U should all now down ur heads in Shame
OBTT 11 years ago

IF THE COUNTRY IS NOT BROKE THEN WHY TAKING LOANS UNNECESSARILY?

IF THE COUNTRY IS NOT BROKE THEN WHY TAKING LOANS UNNECESSARILY?
BA 11 years ago

When you said the GHANA was in RED what did you mean. Explain

When you said the GHANA was in RED what did you mean. Explain
Ajit Babu 11 years ago

Why is Ghana not broke if almost half of your budgetary needs are supported by other countries?

If someone brings almost half of your family's chop money each day are you gonna tell me the family is not broke?

Why is Ghana not broke if almost half of your budgetary needs are supported by other countries?

If someone brings almost half of your family's chop money each day are you gonna tell me the family is not broke?
Kofi 11 years ago

Mr Tekper, thanks for assuring us that Ghana is not broke as speculated. This is a very good news from the horse's own mouth, the man who holds and handles the nation's purse. From the analogy drawn by Mr Tekper may I take it ...
read full comment

Mr Tekper, thanks for assuring us that Ghana is not broke as speculated. This is a very good news from the horse's own mouth, the man who holds and handles the nation's purse. From the analogy drawn by Mr Tekper may I take it that after the increase in expenditure the family will still have 200 as balance remaining. This of course does not indicate broke at all. However may I ask the following questions:
1. Does this increase of 300 include all the arrears in salaries and wages to public sector employees and other creditors such as contractors?
2. Given that the increase of 300 includes all the above, why is it that Doctors, teachers, contractors etc have not been paid their wages which they are legally entitled to? After all there is a healthy balance of 200. Why wait all these while for strikes which have cost lives if the money is there?
3. Mr Tekper it is better to be honest as a Professional than tow the line of Politicians.
Pelicles 11 years ago

My brother, Ghana is not broke but the problem is mismanagement. We have the money buy stupid spending etc is starving the nation.

My brother, Ghana is not broke but the problem is mismanagement. We have the money buy stupid spending etc is starving the nation.
Sir T 11 years ago

More grace to your elbow Finance minister, may the good Lord help you manage the economy of our beloved country Ghana.

More grace to your elbow Finance minister, may the good Lord help you manage the economy of our beloved country Ghana.
Abena 11 years ago

In the developed countries all school are given a budget through their district for annual maintenance. In Ghana this is no happening yet you say Ghana is not broke?

In the developed countries all school are given a budget through their district for annual maintenance. In Ghana this is no happening yet you say Ghana is not broke?
Pelicles 11 years ago

This man must be commended for coming out with this blunt talk. Ghana is not broke. The problem is management. We lack managerial skills and that is killing us softly.

How many of our past Finance Ministers have ever made ...
read full comment

This man must be commended for coming out with this blunt talk. Ghana is not broke. The problem is management. We lack managerial skills and that is killing us softly.

How many of our past Finance Ministers have ever made such bold talk? No one ever. Mr. Terkper, thanks a lot. I know you are in the wrong party but be resolute and make sure the thieves do not rub their dirty hands with your clothes. Ghana is rich but we have thieves all over parading as saviors which they are not.

If we can manage our resources well, these strikes or whatever will be a thing of the past but......
YAA 11 years ago

Yet you move to fix it,if is not broke,why fix

Yet you move to fix it,if is not broke,why fix
Barima Yaw 11 years ago

true

true
Kee 11 years ago

Period

Period
KOO NIMO 11 years ago

From my understanding this guy Terkper is one of the brilliant students of Economics and Finance and even had the opportunity to attend Havard University but like TSAtsu Tsikata with his display at court ; his practical appli ...
read full comment

From my understanding this guy Terkper is one of the brilliant students of Economics and Finance and even had the opportunity to attend Havard University but like TSAtsu Tsikata with his display at court ; his practical application of the law ; whwn needed seems wanting ; the same with Mr Terpkor; to my amazement; I do not think this guy has taken trouble to keep up to date with trends in geo-economics finance of late ; the example he gave to ilustrate his point about Ghana not being broke indicates his incompetence in this field because such example is too simple; did he really say this ; what he should understand is ;if you earn GHC3000 and spend GHC 2500 of course the balance will be GHC300 on paper ; but simple variable macro-economics expenditure should have told him that ; in Government it does not like that ; you earn before you spend ; therefore along the line you may be likely to concede an expenditure of GHC600 in your budget ; which means you shall be broke on paper ; this is what is happening in Government; the Governments estimates that ; they are perhaps in black but the current demands on the budget and future extra payments means the expenditure far exceeds its income ; he talks about liquidity management ; how the hell do you manage your liquidity when your macro-economic variables are leaking like a sewer ; when taxes are not being paid and when there is massive corruption and unauthorised payment to certain people;he read the congressional hearing on tax invasion and avoidance by complex mechanism by Google and other big multi-national Companies ;on the issue of bonds ; what Terkper should tell everybody and the lay man is that he is borrowing money from abroad to fill in the deificit but that will accrue interest ; it is not free money it will have to be paid back with interest ; the cost on the present money market although low in the context of the amount involved it is extremely costly ; do not forget that the Government have in the past issued such bonds which have not even matured yet for payment; the Finance Minister is bein reckless with the truth to Ghanaians.
Hazor 11 years ago

Stop this nonsense, If you insist Ghana is not broke why selling bond to raise US$1billion.Please stop insulting our intelligence.

Stop this nonsense, If you insist Ghana is not broke why selling bond to raise US$1billion.Please stop insulting our intelligence.
Kwadwo Takyi 11 years ago

I share your opinion. Let's not waste our precious time on this minister. NDC doesn't have anything good for offer this country, except using Chinese to steal our gold, stealing from state coffers, stealing for the loans from ...
read full comment

I share your opinion. Let's not waste our precious time on this minister. NDC doesn't have anything good for offer this country, except using Chinese to steal our gold, stealing from state coffers, stealing for the loans from the Chinese. I believe one day, fire will come from Heaven to burn them alive. Idiots.
Ebu Kifson 11 years ago

I'm very pleased that Mr Terkper the finance minister has boldly come out with the statement that we need liquidity management for the Ghanaian economy.
Liquidity management must surely involve some process of setting sensi ...
read full comment

I'm very pleased that Mr Terkper the finance minister has boldly come out with the statement that we need liquidity management for the Ghanaian economy.
Liquidity management must surely involve some process of setting sensible proirities in oder to make it effective without causing undue hardships for the people in the near future.
Mr Terkper, I hope you'll advise your president to stict to and respect constitutional procedures in the event of securing loans on behalf of the nation. If he fails to do the lawful thing, like he's trying to do now regarding the $3billion Chinese loan, he'll be doing Ghana a great disservice.
As a person from the north who had free education at the expense of the poor tax-payer, he must show in his stewardship enough gratefullness for what for him and most of his ministers.
We've only God or nature to blame for the part of the country we come from and so it's not the fault of southerners that some of the people of Ghana are from the north of the country.
Any sign of failure to pay us with gratitude should be condemned in no uncertain terms.
Without any rush, the president must consider building infrastucture in the county to a good standard before thinking of an international airport in the north because of the guinea fowl project and haij(to tourism in another country).
ghanaba 11 years ago

who appointed him as a finance minister? exchange him with bagbo.

who appointed him as a finance minister? exchange him with bagbo.
Nkrabea 11 years ago

Mr Tekper,
"Se wo maame awu na se wo se wada a, oporo a yebete ne kankan", to wit, "If your mother is dead and you insist she is sleeping, she will get rotten and the pungent smell will be everywhere". Even a goat in Ghana k ...
read full comment

Mr Tekper,
"Se wo maame awu na se wo se wada a, oporo a yebete ne kankan", to wit, "If your mother is dead and you insist she is sleeping, she will get rotten and the pungent smell will be everywhere". Even a goat in Ghana knows the country is broke. You can continue telling lies to save your job. Your party used every cedi we had to rig the elections and now, you are suffering for it. God is watching.
dadiebatakari 11 years ago

The President enjoyed same, so don't
payback with evil deeds.

The President enjoyed same, so don't
payback with evil deeds.
Akua 11 years ago

Then pay the students abroad.Also pay the contractors and pharmacists.

Then pay the students abroad.Also pay the contractors and pharmacists.
joo 11 years ago

Wu ye aboa piiiiiiiiiii

Wu ye aboa piiiiiiiiiii
John 11 years ago

Ghana is not broke so how much do Ghana have in its accounts she could not pay all these people on strike shame unto you minister

Ghana is not broke so how much do Ghana have in its accounts she could not pay all these people on strike shame unto you minister
AKWAPIMBA,LAS PALMAS DE G,C,.SPAIN 11 years ago

-GHANA IS GETTING BROKE MR.MINISTER.YOU A NOT FIT TO TELL US THAT SPENDING 2,800 OUT OF THE 3,000,GHANA LEFT WITH 200 , IS GETTING BROKE.YOU DONT HAVE SUFFICIENT RESERVE ONLY BORROWING ALL THE TIME.THIS IS HOW THE EUROPE CRIS ...
read full comment

-GHANA IS GETTING BROKE MR.MINISTER.YOU A NOT FIT TO TELL US THAT SPENDING 2,800 OUT OF THE 3,000,GHANA LEFT WITH 200 , IS GETTING BROKE.YOU DONT HAVE SUFFICIENT RESERVE ONLY BORROWING ALL THE TIME.THIS IS HOW THE EUROPE CRISIS STARTED.WE DONT HAVE SUFFICIENT RESERVE
Daavi 11 years ago

Just fix the terrible ecomini and put some money in our pockets.

Just fix the terrible ecomini and put some money in our pockets.
Chabba 11 years ago

He further explained that if a family that earns 3,000 and spends 2,500 now has to spend 300 more, could that family be said to be broke?
Yes, Mr. Terkper that family can be said to be broke. I am at a loss why you co ...
read full comment

He further explained that if a family that earns 3,000 and spends 2,500 now has to spend 300 more, could that family be said to be broke?
Yes, Mr. Terkper that family can be said to be broke. I am at a loss why you couldn't see that.
STONER KOBYLYNTON 11 years ago

It is Mr. Terkper's own employer, Mr. Mahama who made it clear that there is no more meat on the bone. What is Terkper talking about? Was it a different Government (beside NDC Government) who said there is no money to pay C ...
read full comment

It is Mr. Terkper's own employer, Mr. Mahama who made it clear that there is no more meat on the bone. What is Terkper talking about? Was it a different Government (beside NDC Government) who said there is no money to pay Contractors, Doctors and others?

By the way if your income source is restricted and your expenditure is
skyrocketing what is that leading you to? Are you not getting into economic imbalance? C'mon Seth call a spade a spade - the country is broke period.
Sankofa 11 years ago

We must stop relying on foreign aid, loans and investments to develop our economy.

This foreign dependence is not getting us anywhere. Foreigners are only interested in making a profit, not developing our country.

Let u ...
read full comment

We must stop relying on foreign aid, loans and investments to develop our economy.

This foreign dependence is not getting us anywhere. Foreigners are only interested in making a profit, not developing our country.

Let us exploit our abundant resources ourselves for the benefit of all our people. We have the skills and the ability. Let us get on with it.
DRAMANI MAHAMA 11 years ago

IT'S ONLY IN GHANA THAT THIS CAN BE ACEPTED.
WHY CAN'T PAY THE WORKERS AND PENSIONERS.

IT'S ONLY IN GHANA THAT THIS CAN BE ACEPTED.
WHY CAN'T PAY THE WORKERS AND PENSIONERS.

Ghana is not broke – Terkper

Read Comments .st0{display:none;fill:#14BDD3;} .st1{display:none;} .st2{display:inline;fill:#FC0F0F;} .st3{display:inline;fill:#FFFFFF;} .st4{display:inline;fill:none;stroke:#000000;stroke-width:6;stroke-miterlimit:10;} Comments (49)

Read Comments Comments (49)