Seth E Terkper

5.6K posts

Seth E Terkper banner
Seth E Terkper

Seth E Terkper

@SethTerkper

Twitter handle of Ghana's Former Minister of Finance (2013 - 2016); Dep. Fin Minister (2009 -2012). Balance Sheet ethos: all life is a balance, be pragmatic

Katılım Ekim 2014
298 Takip Edilen63.9K Takipçiler
Seth E Terkper
Seth E Terkper@SethTerkper·
C] These are some of the advantages or financial market benefits that we missed in recent years with our debt "suspension" & "default", "haircut" etc.,. These were borne out of the destruction of reforms that include debt as well as budget stabilizers & buffers.
Seth E Terkper@SethTerkper

B] 3rd & final point: success will make it easier to "refinance" [exchange or pay-off] means [i] less reliance on short-term loans [e.g., 91-day T-Bills].; and [ii] longer periods to repay the bonds/loans--best, thro' a revived "debt-repmt" or annual Sinking Fund provisions..

English
0
1
4
532
Seth E Terkper
Seth E Terkper@SethTerkper·
B] 3rd & final point: success will make it easier to "refinance" [exchange or pay-off] means [i] less reliance on short-term loans [e.g., 91-day T-Bills].; and [ii] longer periods to repay the bonds/loans--best, thro' a revived "debt-repmt" or annual Sinking Fund provisions..
English
0
0
3
720
Seth E Terkper
Seth E Terkper@SethTerkper·
A] 1st, we expect that demand for, & rate of, the Bond will benefit from our improved financial maket rating from "junk" to "B-minus" status. 2nd, a strong demand for & amount realized will improve our financing of long-term projects in the capital budget with long-term loans.
NorvanReports@NorvanReports

Gov’t to Raise Seven-Year Debt in First Cedi Bond Since 2022 Default norvanreports.com/govt-to-raise-… #norvanreports @thePOE_T @Joe_Jackson_GH @DodooSnr @norvan986 @StockmanNigeria @Centre4EconsSvy @gyaigyimii @quame_age @MoF_Ghana @Cassielforson @mytheoz @SethTerkper

English
1
2
12
2.4K
Seth E Terkper
Seth E Terkper@SethTerkper·
To Plan consciously is better than "no Plan" [or weakened ones]. Plans can help manage & minimize uncertainties. Hence, GIFMIS & other PFM plans do NOT "guarantee" the outcomes in PFM Strategic Plans or Program [Results] Based Budgets [PBBs] for MDAs/MMDAs. Risks are inevitable.
Lawrence Yaw Dwamena Tawiah 🇬🇭@yawghana

@SethTerkper PFM, GIFMIS and program-based budgeting strengthen governance, but cannot guarantee outcomes. If projects remain fiscal, contractors optimise for completion. That’s why licensed private sector participation still yields poorly executed GoG roads/contract. Assets align incentives.

English
0
1
4
588
Seth E Terkper
Seth E Terkper@SethTerkper·
The point I made was that, as post-World War II institutions, they were set up originally to rebuild devastated advanced economies. So, while they have become relevant to us, Africa's High, Lower & Upper Mid-Income States must also plan to follow the BRIC & EM examples.
NorvanReports@NorvanReports

Bretton Woods Institutions not Designed to Prioritise Africa, Seth Terkper Says norvanreports.com/bretton-woods-… #norvanreports @thePOE_T @Joe_Jackson_GH @DodooSnr @norvan986 @StockmanNigeria @Centre4EconsSvy @gyaigyimii @quame_age @SethTerkper

English
0
0
1
472
Seth E Terkper
Seth E Terkper@SethTerkper·
We are talking about Debt Mgt, in whatever shape or form [good or bad]. Sinking Fund is built gradually over time, yes? So your verdict is valid if the FM had NOT been paying the huge amts for "default" or "suspended" debt. Opportunity cost for a gradual Sinking Fund build-up?
DANQUAH-BUSIA-DOMBO TRADITION 🟡⚫️🟢@sonofjacob98

Sir, It doesn't matter and we all agree this current quarterly adjustment system is the best for us because it will at least prevent the government from subsidizing the electricity bills which is the cause of the energy sector debts and of course Mahama 1.0's reckless PPAs Sir, your government hasn't add a single cedi to the Sinking Fund and @FAnnohDompreh has been pressing the finance minister to answer questions on that.... Can give us any answers?

English
0
0
9
933
Seth E Terkper
Seth E Terkper@SethTerkper·
B] Note that, in a Strategic management [Pogram-based Budget] context, the reforms link [a] NDPC Mid-term Plans to [b] MDA/MMDA Strategic Plans and [c] downstream Programs, Projects & Activities. It is these that find expression in the Results or Program-Based Budgeting [PBB].
English
1
1
2
202
Seth E Terkper
Seth E Terkper@SethTerkper·
A] Procurement is at the beginning of the contract process [not a point in itself]. Yes, there were weaknesses but that was/is the purpose of the revised PFM Act & GIFMIS: to strengthen & automate the underlying follow-up MoF, CAGD & BOG budget, finx/mgt a/c & audit processes.
Lawrence Yaw Dwamena Tawiah 🇬🇭@yawghana

@SethTerkper So true. But our model is procurement-driven, tied to GoG payment envelopes. That rewards contract capture, not lifecycle value. When roads are treated as infrastructure assets on contractor balance sheets, durability matters because poor execution destroys the asset’s economics.

English
1
1
4
629
Seth E Terkper
Seth E Terkper@SethTerkper·
As I just noted, once the Authorities or Govt point to an explicit policy or law [i.e., PURC etc] that works, an IMF "conditionality" could be averted until assessed as breached [by PURC/Govt] during any agreed "Review". So the LOI/MoU implies our own, agreed, "conditionality".
Say it Loud@kwahuman

@SethTerkper But it didn't actually say that PURC should increase tariffs every quarter. Maybe I missed that? Come again, Mr. @SethTerkper.

English
0
1
5
572
Seth E Terkper
Seth E Terkper@SethTerkper·
ALL of which were used to set up PURC & its rules [including the cross-country price stabilization "pump-levy". The purpose of Govt's LOI etc is to give "binding" assurances, own the policy & avoid explicit conditionalities [in whatever shape or form in the Program.
Damoah@realansudamoah

.....So the IMF does not mandate automatic quarterly tariff hikes. Its condition is cost-reflective pricing based on inflation, exchange rate, fuel, and generation mix. Since these indicators have improved in 2025, tariffs should stabilize or fall, not keep rising. Continuous increases are policy choice, not IMF requirement, and the PURC’s discretion only underscores the need for transparency. Ghanaians deserve to see the formula applied honestly quarterly review does not imply mandatory increase.

English
0
0
7
1K
Seth E Terkper
Seth E Terkper@SethTerkper·
Does it matter if it is a PURC edict or an IMF condition. The important point, as we sought to do with Home Grown, is to develop our counter-cyclical policies. We have all seen the result of sweeping & stopping fiscal buffers & stabilizers: for Sinking Fund, one word: DFAULT.
DANQUAH-BUSIA-DOMBO TRADITION 🟡⚫️🟢@sonofjacob98

Sir, then there's no issue here and PURC's announcement today proves our position there was no mandatory increment clause in the IMF deal.

English
0
0
2
641
Seth E Terkper
Seth E Terkper@SethTerkper·
I did not dispute HE Kuffuor's contribution which, if okay, I acknowledge explicitly NOW. A petrol hub project is underway and, for Tech. University, there are Tarkwa & Takoradi [former HNDs]. The purpose of my post, JAM/JM never gave up on gas devt!!
Georgina Boama@GeorginaBo53394

@SethTerkper Seth E Terkper, let's not deviate from the question I asked and the claims and credit you sort to give to your govt. President Kufuor initially considered Jomoro for the gas proccessing plant with its significant scope of advancement to incude university and Petrolium Hub.

English
1
1
13
2.2K
Seth E Terkper
Seth E Terkper@SethTerkper·
The investments the Atuabo Gas Processing Plant as well as the gas pipelines, with links to the West Africa Gas Pipelne [WAGPL] as well as the reverse east-west lines speak volumes!!!
Georgina Boama@GeorginaBo53394

@SethTerkper Seth E Terkper, when Mahama1 had the opportunity to invest in gas infrastructure as large as what was envisaged by NPP under Kufuor in Aboadze. But your govt then led by Mahama1 cut cost and reduced it for reasons best known to your govt. That has always been Mahama's character.

English
2
1
11
2.7K
Seth E Terkper
Seth E Terkper@SethTerkper·
Players behind the scene? Our Public Financial Management [PFM] laws and regulations are based on openess: accountability and transparency.
Dhela👑@BANKS_GHBOI

@CadmanAttaMills @2233Ghana @SethTerkper @Citi973 @JDMahama Has there been any self-dealing, or bloated contract that you are aware of?… can’t you commend and leave out the doom predictions and talk to the players involved behind closed doors?

English
2
0
4
200
Seth E Terkper retweetledi
Cadman Atta Mills
Cadman Atta Mills@CadmanAttaMills·
Great idea. We support every effort to improve the productive infrastructure in the country BUT no self-dealing, no bloated contracts, no procurement abuses. Where are we on the Private Member Bill, to exclude the Politically Exposed from bidding for state assets and government contracts?????
English
3
5
22
2.8K

Keşfet

@elonmusk @BarackObama @taylorswift13 @cristiano @BillGates @NASA @nikifrancismediavine @katyperry