{"id":5301,"date":"2014-03-11T10:59:39","date_gmt":"2014-03-11T10:59:39","guid":{"rendered":"http:\/\/4cd.e16.myftpupload.com\/?p=5301"},"modified":"2014-03-11T16:12:46","modified_gmt":"2014-03-11T16:12:46","slug":"private-sector-expectation-of-govt-exaggerated-seth-terkper","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2014\/03\/private-sector-expectation-of-govt-exaggerated-seth-terkper\/","title":{"rendered":"Private sector expects too much from gov&#8217;t &#8211; Seth Terkper"},"content":{"rendered":"<figure id=\"attachment_5346\" aria-describedby=\"caption-attachment-5346\" style=\"width: 300px\" class=\"wp-caption alignright\"><a href=\"http:\/\/4cd.e16.myftpupload.com\/wp-content\/uploads\/2014\/03\/seth-Terkper.jpg\"><img loading=\"lazy\" class=\"size-medium wp-image-5346\" alt=\"Seth Terkper, Finance Minister\" src=\"http:\/\/4cd.e16.myftpupload.com\/wp-content\/uploads\/2014\/03\/seth-Terkper-300x199.jpg\" width=\"300\" height=\"199\" srcset=\"https:\/\/citifmonline.com\/wp-content\/uploads\/2014\/03\/seth-Terkper-300x199.jpg 300w, https:\/\/citifmonline.com\/wp-content\/uploads\/2014\/03\/seth-Terkper.jpg 480w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/a><figcaption id=\"caption-attachment-5346\" class=\"wp-caption-text\">Seth Terkper, Finance Minister<\/figcaption><\/figure>\n<p>Minister of Finance and Economic Planning, Seth Terkper says the private sector&#8217;s expectation of government in stabilizing the economy is overly exaggerated.<\/p>\n<p>He said: &#8220;The private sector complains when government tax it, meanwhile, the Ghana Revenue Authority generates \u2019barely 13 billion\u2019 cedis to pay the public servants, run the government and also invest in infrastructure.<\/p>\n<p>Sometimes the expectation from even the private sector about what government is capable of doing is very much exaggerated\u2026\u2019\u2019<\/p>\n<p>Speaking at the Graphic-Fidelity Economic dialogue on the state of the Ghanaian economy in Accra, the Minister noted that given the nation\u2019s output, government is unable to provide the capital needs of private sector and social interventions in education and health.<\/p>\n<p>\u2018\u2019Given our output and given our desire to maintain a liberal tax regime, that has benefitted us then it means that the private sector has to do more,\u2019\u2019 Mr Terkper said.<\/p>\n<p>He proposed that going forward, the country and private sector should be thinking about a development bank, &#8220;a bank that is big enough to go into areas like long term financing of mortgages and others; we do not have that yet, even if we have it, it is not big enough.\u2019\u2019<\/p>\n<p>&#8221;We should be an economy which grows its financial sector, its real sector and create jobs so that the graduates we are producing in this country will find jobs,&#8221; he concluded.<\/p>\n<p>&nbsp;<\/p>\n<p>By: Evans Effah\/citifmonline.com\/Ghana<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Minister of Finance and Economic Planning, Seth Terkper says the private sector&#8217;s expectation of government in stabilizing the economy is overly exaggerated. He said: &#8220;The private sector complains when government tax it, meanwhile, the Ghana Revenue Authority generates \u2019barely 13 billion\u2019 cedis to pay the public servants, run the government and also invest in infrastructure. [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":5346,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[43,38,4],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Private sector expects too much from gov&#039;t - Seth Terkper - Citi 97.3 FM - Relevant Radio. 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