• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Features

Terkper calls out Govt’s unwise move in abandoning Sinking Fund

3 years ago
in Features, highlights, Home, home-news, latest News
1 min read
0 0
0
84
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

RelatedPosts

Gold Price Bounces Back Above $4,000

Ghana Risks Losing Competitive Edge in Oil Sector – Dr Theo Acheampong Warns

BoG Maintains High Short-Term Yields, Raises GHS3.13bn in Auction as Investor Demand Stays Firm

Terkper calls out Govt’s unwise move in abandoning Sinking Fund

Former Finance Minister, Seth Terkper, has blamed the government’s inability to pay its debts on a decision to stop allocating funds into the Sinking Fund set aside to pay for Ghana’s Eurobonds.

Terkper explained that the government’s decision to abandon the Sinking Fund in 2017 exposed the country and forced the government to rely on the Stabilization Fund, leading to the Bank of Ghana having to frequently step in to support the government’s expenditure.

The former minister highlighted the importance of the Sinking Fund, stating that it provided the government with the necessary space to make payments for its Eurobonds.

He argued that abandoning the fund was an unwise decision, especially with the recent discovery of three new oil blocks.

Recalling the government’s mismanagement of funds, Terkper stated that the government stubbornly refused to impose a cap on the Stabilization Fund, allowing monies to be drawn without accountability.

Terkper questioned how all the resources were used, calling for the government to act like a middle-income country and put buffers in place to secure the country’s financial stability.

Tags: Seth Terkpersinking fundTerkper calls out Govt's unwise move in abandoning Sinking Fund
No Result
View All Result

Highlights

Republic Bank Ghana’s Assets Rise to GHS 9.76bn in Q3 2025 on Strong Loan and Cash Growth

GSE Opens Week Positive as Financial Stocks Lift Market Indices

Kyei-Mensah-Bonsu Lauds GoldBod’s Role in Boosting Ghana’s Economic Recovery

Sixteen Teams Confirmed for CAF Confédération Cup Group Stage as Giants, Debutants and Drama Define Final Qualifiers

Al Ahly, Sundowns and AS FAR Lead Star-studded TotalEnergies CAF Champions League Group Stage Field

FIFA Launches Second Phase of World Cup Ticket Sales, Focus on Host Nations

Trending

Business

Gold Price Bounces Back Above $4,000

October 28, 2025

Gold Price Bounces Back Above $4,000 Gold clawed back some losses after plunging below $4,000 an ounce...

Ghana Risks Losing Competitive Edge in Oil Sector – Dr Theo Acheampong Warns

October 28, 2025

BoG Maintains High Short-Term Yields, Raises GHS3.13bn in Auction as Investor Demand Stays Firm

October 28, 2025

Republic Bank Ghana’s Assets Rise to GHS 9.76bn in Q3 2025 on Strong Loan and Cash Growth

October 28, 2025

GSE Opens Week Positive as Financial Stocks Lift Market Indices

October 28, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.