30.8 C
Monday, September 28, 2020

No clarity in source of funding for last-minute projects – Terkper

Popular Stories

Video Of A Man Beating The Hell Out Of A Female Lawyer In Her Office Breaks The Internet

A viral video which has been spotted by browngh.com captures the shocking moment a Cameroonian man was recorded on camera assaulting a...

Lady Accuses Her Boyfriend Of Allegedly Using Her To Commit £8300 Fraud In The UK

A lady has accused her boyfriend, Osayi Enobakhare from Benin State of conducting fraud on her PayPal account in the month of...

[Video]: Mortuary man narrates how food vendors, prostitutes use water from corpses for rituals

A mortuary man has narrated how some food vendors and pastors troop to the mortuary to use water from corpses for their...

Big Brother Naija: See How Nigerians Are Reacting To Laycon’s Victory

Nigerians have taken to the various social media platforms...
Christopher Sam
Christopher Sam is a web designer, developer and has advanced knowledge in Search Engine Optimization, Responsive Website Design, Emails Marketing, BULK SMS Messaging, Schema Markup and a certified Google Trainer. He is a creator and editor at Hypercitigh.com, an online digital platform focusing on Credible and Timely news and in Ghana.
- Advertisement -

Seth Terkper is former Finance minister

Former Finance Minister Seth Terkper has expressed concern over last-minute projects by the government ahead of the December polls.

He warns that these ambitious projects could adversely affect the next NDC administration.

- Advertisement -

His sentiments follow the recent sod-cutting ceremonies by President Akufo-Addo for beginning some projects across the country.

According to Mr Terkper, the lack of clarity for the source of funding for these projects is problematic.

He told Francis Abban on the Morning Starr “if you look at the nature of the projects for which there is going to be sod-cutting, the Mahama administration will inherit them. And I’m saying that the experience with the gang of six which was earlier the gang of four, tells us that you must be prepared for that.”

- Advertisement -

When asked if the situation would put any new government in an extra debt situation, Mr Terkper noted it was not only about the debt situation but the outcome would make the correction very difficult.

He indicated “there may be some source we don’t know, it may be disclosed when the expenditure and the appropriation of the budget before the budget can be read is presented to parliament. There are opportunities for us still when parliament reconvenes sometime maybe in October for the final sitting for us to see whether these things will be done. Otherwise, all I’m saying is they are not in the fiscal framework, we can’t see any plan for them.”

“What portion is going to be completed before the end of the year, will the contractors be paid, if they will be paid, from where from what sources? If they are not going to be paid it will increase arrears and we are going to inherit it. These are bare facts,” he noted.

- Advertisement -

Source: Ghana/Starrfm.com.gh/103.5FM

Source link

- Advertisement -
- Advertisement -

More articles

Latest article

Don’t be used as agents of electoral violence

The National Chief Imam, Sheikh Osmanu Nuhu Sharubutu has cautioned Muslim youth not to be used as agents of violence during the upcoming...

Hohoe chiefs condemn activities of secessionist group

The chiefs and elders of Gbi-Hohoe in the Volta Region have dissociated themselves from the activities of the secessionist group, Homeland Study Group...

BBNaija 2020: Gov Okowa congratulates Dorathy, Neo

Governor of Delta State, Ifeanyi Okowa on Monday congratulated BBNaija finalists, Dorathy and Neo. Dorathy who hails from Delta State emerged as the first...

President Akufo-Addo begins tour of Ashanti Region

The President, Nana Addo Dankwa Akufo-Addo has begun a three-day tour of the Ashanti Region. Akufo-Addo as part of his tour has already inspected...