Former Finance Minister Seth Terkper has vehemently defended the fiscal decisions he took during his tenure saying he has no regrets for taking those measures.
Critics of Mr. Terkper claim his fiscal decisions led to the 2016 defeat of the National Democratic Congress. Some of the critics who were in the past regime have laid part of the NDC’s defeat at his doorstep because of what they described as his “rigid policies.”
But speaking on the Morning Starr Thursday, Mr. Terkper who was nicknamed the ‘Tax man’ told host Francis Abban that he served Ghana well and has no regrets over his tenure.
“I have no regrets as far as the job is concerned. The job, however, was tough but we did our best,” Mr. Terkper said.
Mr. Terkper also predicted a tough time ahead for the country saying the budget presented by the Finance Minister Ken Ofori-Atta on Wednesday is challenged and lacks details on how certain policies will be implemented.
Mr. Terkper, however, wondered why the current administration has started borrowing when it promised prior to the elections that it had the magic wand to fix the economy without borrowing.
“We were told there wouldn’t be any borrowing at all. We were made to understand there was going to be some magic wand. How come we are borrowing in the first place?” he asked.