{"id":32721,"date":"2014-07-17T19:33:57","date_gmt":"2014-07-17T19:33:57","guid":{"rendered":"http:\/\/4cd.e16.myftpupload.com\/?p=32721"},"modified":"2014-07-18T11:39:06","modified_gmt":"2014-07-18T11:39:06","slug":"paying-statutory-funds-will-cripple-economy-terkper","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2014\/07\/paying-statutory-funds-will-cripple-economy-terkper\/","title":{"rendered":"Paying statutory funds will cripple economy \u2013 Terkper"},"content":{"rendered":"

The Minister of Finance, Seth Terkper on Thursday answered urgent questions in Parliament on why his Ministry has delayed statutory payments to state agencies.<\/p>\n

In his answers to the House, the Minister defended his Ministry\u2019s decision to hold off tax resources from the various statutory funds explaining that paying off the arrears could trigger more crippling problems for the already ailing economy.<\/p>\n

His comments follows<\/span> an Accra Court order instructing the state to pay monies owed to the Ghana Education Trust Fund (GETFund) after a suit filed by Richard Nyamah, a Ghanaian citizen.<\/p>\n

Addressing Thursday\u2019s sitting of Parliament, Mr. Terkper<\/span> said “the country\u2019s fiscal position face physical challenges on account of global and domestic factors which also affected some of our\u00a0[government] payments including statutory obligations.”<\/p>\n

\u201cWhile we recognize our statutory payment obligations, government<\/span> was confronted with practical problems associated with strikes and disruptions in the smooth running of the economy, \u201cthe Minister further clarified.<\/p>\n

But in a rebuttal, the Member of Parliament for the Obuasi West Constituency, Kwaku Kwarteng dismissed the Minister\u2019s reasons for the delay in the payments.<\/p>\n

Speaking on Eyewitness New<\/strong>s, Mr. Kwarteng<\/span> explained that government is cash-strapped because it spent state resources wrongfully.<\/p>\n

\u201cIf you listen to the Minister, the basic point he made was that the economy was in trouble \u2026<\/span>He therefore decided to take the money that the law had not permitted him to touch.\u201d<\/p>\n

He therefore asked that the country\u2019s law be amended to address discrepancies associated with the payment of statutory funds to various agencies. \u201cWe should amend the law, then we will live as civilized people,\u201d the MP insisted.<\/p>\n

 <\/p>\n

By: Marian Efe Ansah\/citifmonline.com\/Ghana<\/p>\n","protected":false},"excerpt":{"rendered":"

The Minister of Finance, Seth Terkper on Thursday answered urgent questions in Parliament on why his Ministry has delayed statutory payments to state agencies. In his answers to the House, the Minister defended his Ministry\u2019s decision to hold off tax resources from the various statutory funds explaining that paying off the arrears could trigger more […]<\/p>\n","protected":false},"author":14,"featured_media":28597,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[43,38],"yoast_head":"\nPaying statutory funds will cripple economy \u2013 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\/paying-statutory-funds-will-cripple-economy-terkper\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Paying statutory funds will cripple economy \u2013 Terkper - Citi 97.3 FM - Relevant Radio. Always\" \/>\n<meta property=\"og:description\" content=\"The Minister of Finance, Seth Terkper on Thursday answered urgent questions in Parliament on why his Ministry has delayed statutory payments to state agencies. In his answers to the House, the Minister defended his Ministry\u2019s decision to hold off tax resources from the various statutory funds explaining that paying off the arrears could trigger more […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/citifmonline.com\/2014\/07\/paying-statutory-funds-will-cripple-economy-terkper\/\" \/>\n<meta property=\"og:site_name\" content=\"Citi 97.3 FM - Relevant Radio. Always\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/citi97.3\" \/>\n<meta property=\"article:published_time\" content=\"2014-07-17T19:33:57+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2014-07-18T11:39:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/citifmonline.com\/wp-content\/uploads\/2014\/06\/Seth-Terkper-citifmonline-new.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"600\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Kojo Akoto Boateng\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@citi973\" \/>\n<meta name=\"twitter:site\" content=\"@citi973\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Kojo Akoto Boateng\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/citifmonline.com\/2014\/07\/paying-statutory-funds-will-cripple-economy-terkper\/\",\"url\":\"https:\/\/citifmonline.com\/2014\/07\/paying-statutory-funds-will-cripple-economy-terkper\/\",\"name\":\"Paying statutory funds will cripple economy \u2013 Terkper - Citi 97.3 FM - Relevant Radio. Always\",\"isPartOf\":{\"@id\":\"https:\/\/citifmonline.com\/#website\"},\"datePublished\":\"2014-07-17T19:33:57+00:00\",\"dateModified\":\"2014-07-18T11:39:06+00:00\",\"author\":{\"@id\":\"https:\/\/citifmonline.com\/#\/schema\/person\/1642ef473fe39bf0c4e2f2f252678eb1\"},\"breadcrumb\":{\"@id\":\"https:\/\/citifmonline.com\/2014\/07\/paying-statutory-funds-will-cripple-economy-terkper\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/citifmonline.com\/2014\/07\/paying-statutory-funds-will-cripple-economy-terkper\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/citifmonline.com\/2014\/07\/paying-statutory-funds-will-cripple-economy-terkper\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/citifmonline.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Paying statutory funds will cripple economy \u2013 Terkper\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/citifmonline.com\/#website\",\"url\":\"https:\/\/citifmonline.com\/\",\"name\":\"Citi 97.3 FM - Relevant Radio. Always\",\"description\":\"Ghana News | Ghana Politics | Ghana Soccer | Ghana Showbiz\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/citifmonline.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/citifmonline.com\/#\/schema\/person\/1642ef473fe39bf0c4e2f2f252678eb1\",\"name\":\"Kojo Akoto Boateng\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/citifmonline.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/ba51f5385119e83762c67ecd6aa410ab?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/ba51f5385119e83762c67ecd6aa410ab?s=96&d=mm&r=g\",\"caption\":\"Kojo Akoto Boateng\"},\"url\":\"https:\/\/citifmonline.com\/author\/kojo\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Paying statutory funds will cripple economy \u2013 Terkper - Citi 97.3 FM - Relevant Radio. Always","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/citifmonline.com\/2014\/07\/paying-statutory-funds-will-cripple-economy-terkper\/","og_locale":"en_US","og_type":"article","og_title":"Paying statutory funds will cripple economy \u2013 Terkper - Citi 97.3 FM - Relevant Radio. Always","og_description":"The Minister of Finance, Seth Terkper on Thursday answered urgent questions in Parliament on why his Ministry has delayed statutory payments to state agencies. In his answers to the House, the Minister defended his Ministry\u2019s decision to hold off tax resources from the various statutory funds explaining that paying off the arrears could trigger more […]","og_url":"https:\/\/citifmonline.com\/2014\/07\/paying-statutory-funds-will-cripple-economy-terkper\/","og_site_name":"Citi 97.3 FM - Relevant Radio. Always","article_publisher":"https:\/\/www.facebook.com\/citi97.3","article_published_time":"2014-07-17T19:33:57+00:00","article_modified_time":"2014-07-18T11:39:06+00:00","og_image":[{"width":600,"height":400,"url":"https:\/\/citifmonline.com\/wp-content\/uploads\/2014\/06\/Seth-Terkper-citifmonline-new.jpg","type":"image\/jpeg"}],"author":"Kojo Akoto Boateng","twitter_card":"summary_large_image","twitter_creator":"@citi973","twitter_site":"@citi973","twitter_misc":{"Written by":"Kojo Akoto Boateng","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/citifmonline.com\/2014\/07\/paying-statutory-funds-will-cripple-economy-terkper\/","url":"https:\/\/citifmonline.com\/2014\/07\/paying-statutory-funds-will-cripple-economy-terkper\/","name":"Paying statutory funds will cripple economy \u2013 Terkper - Citi 97.3 FM - Relevant Radio. Always","isPartOf":{"@id":"https:\/\/citifmonline.com\/#website"},"datePublished":"2014-07-17T19:33:57+00:00","dateModified":"2014-07-18T11:39:06+00:00","author":{"@id":"https:\/\/citifmonline.com\/#\/schema\/person\/1642ef473fe39bf0c4e2f2f252678eb1"},"breadcrumb":{"@id":"https:\/\/citifmonline.com\/2014\/07\/paying-statutory-funds-will-cripple-economy-terkper\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/citifmonline.com\/2014\/07\/paying-statutory-funds-will-cripple-economy-terkper\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/citifmonline.com\/2014\/07\/paying-statutory-funds-will-cripple-economy-terkper\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/citifmonline.com\/"},{"@type":"ListItem","position":2,"name":"Paying statutory funds will cripple economy \u2013 Terkper"}]},{"@type":"WebSite","@id":"https:\/\/citifmonline.com\/#website","url":"https:\/\/citifmonline.com\/","name":"Citi 97.3 FM - Relevant Radio. Always","description":"Ghana News | Ghana Politics | Ghana Soccer | Ghana Showbiz","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/citifmonline.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/citifmonline.com\/#\/schema\/person\/1642ef473fe39bf0c4e2f2f252678eb1","name":"Kojo Akoto Boateng","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/citifmonline.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/ba51f5385119e83762c67ecd6aa410ab?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/ba51f5385119e83762c67ecd6aa410ab?s=96&d=mm&r=g","caption":"Kojo Akoto Boateng"},"url":"https:\/\/citifmonline.com\/author\/kojo\/"}]}},"_links":{"self":[{"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/posts\/32721"}],"collection":[{"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/comments?post=32721"}],"version-history":[{"count":0,"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/posts\/32721\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/media\/28597"}],"wp:attachment":[{"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/media?parent=32721"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/categories?post=32721"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/tags?post=32721"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}