{"id":32532,"date":"2014-07-17T12:50:57","date_gmt":"2014-07-17T12:50:57","guid":{"rendered":"http:\/\/4cd.e16.myftpupload.com\/?p=32532"},"modified":"2014-07-17T18:07:44","modified_gmt":"2014-07-17T18:07:44","slug":"govt-bound-to-make-mistakes-seth-terkper","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2014\/07\/govt-bound-to-make-mistakes-seth-terkper\/","title":{"rendered":"Gov\u2019t bound to make mistakes &#8211; Seth Terkper"},"content":{"rendered":"<p><span style=\"line-height: 1.5em;\">Finance Minister, Seth Terkper has\u00a0said government is imperfect and will<\/span><span style=\"line-height: 1.5em;\">\u00a0make mistakes in the process of\u00a0reviving the ailing economy.<\/span><\/p>\n<p>\u201cGovernment is not perfect and government will not get it right so government makes mistakes and when we make mistakes, I think we have to correct them,\u201d he said.<\/p>\n<p>Citing the Forex rules instituted by the Bank of Ghana to halt the free fall of the cedi, Mr. Terkper said the effects were \u201cunintended.\u201d<\/p>\n<p>According to him, despite the economic challenges and the continuous depreciation of the Ghana cedi, the country is still the best destination for investments and other businesses.<\/p>\n<p>The cedi has depreciated in value by 27% since January 2014 against major trading currencies.<\/p>\n<p>The central bank in February introduced certain measures to stabilize the cedi by revising the rules governing the operations of Foreign Exchange Accounts (FEA) and Foreign Currency Accounts (FCA).<\/p>\n<p>Months after however, not much improvement has been recorded as the cedi continues to depreciate.<\/p>\n<p>The Forex rules were later revised after several calls on the central bank to do so as the cost of businesses kept rising.<\/p>\n<p>Speaking at a breakfast meeting with <strong>Citi FM<\/strong> and<strong> Radio Gold<\/strong>, the sector Minister disclosed that the government is building capacity in revenue modeling and estimation.<\/p>\n<p>The sector Minister said other international organizations such as the United Nations Development Programme (UNDP) \u201chave been helping us to improve.\u201d<\/p>\n<p>&nbsp;<\/p>\n<p>By: Efua Idan Osam\/citifmonline.com\/Ghana<br \/>\n<a class=\"twitter-follow-button\" href=\"https:\/\/twitter.com\/osamidan\" data-show-count=\"false\">Follow @osamidan<\/a><br \/>\n<script type=\"text\/javascript\">\/\/ <![CDATA[\n!function(d,s,id){var js,fjs=d.getElementsByTagName(s)[0],p=\/^http:\/.test(d.location)?'http':'https';if(!d.getElementById(id)){js=d.createElement(s);js.id=id;js.src=p+':\/\/platform.twitter.com\/widgets.js';fjs.parentNode.insertBefore(js,fjs);}}(document, 'script', 'twitter-wjs');\n\/\/ ]]><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Finance Minister, Seth Terkper has\u00a0said government is imperfect and will\u00a0make mistakes in the process of\u00a0reviving the ailing economy. \u201cGovernment is not perfect and government will not get it right so government makes mistakes and when we make mistakes, I think we have to correct them,\u201d he said. Citing the Forex rules instituted by the Bank [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":32563,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[43,38],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Gov\u2019t bound to make mistakes - Seth Terkper - Citi 97.3 FM - Relevant Radio. Always<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/citifmonline.com\/2014\/07\/govt-bound-to-make-mistakes-seth-terkper\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gov\u2019t bound to make mistakes - Seth Terkper - Citi 97.3 FM - Relevant Radio. Always\" \/>\n<meta property=\"og:description\" content=\"Finance Minister, Seth Terkper has\u00a0said government is imperfect and will\u00a0make mistakes in the process of\u00a0reviving the ailing economy. \u201cGovernment is not perfect and government will not get it right so government makes mistakes and when we make mistakes, I think we have to correct them,\u201d he said. Citing the Forex rules instituted by the Bank [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/citifmonline.com\/2014\/07\/govt-bound-to-make-mistakes-seth-terkper\/\" \/>\n<meta property=\"og:site_name\" content=\"Citi 97.3 FM - Relevant Radio. 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