Ghana: Terkper's New Thinking' On Giif Causing U.S.$110 Million Loss to the State

opinion

Accra — Finance Minister Seth Terkper says the decision to thrust the controversial US$250 million out of the US$1 billion Eurobond to the Bank of Africa, pending the take-off of the Ghana Infrastructure Investment Fund (GIIF), was part of 'a new thinking' within the government that idle funds must deliver value to the state.

According to the Minister, overseeing the State Treasury, unlike before, the Ministry of Finance is now engaged at working at getting optimal returns on all government funds. The new policy is aimed at increasing revenue mobilisation, in response to rising public expenditure and key changes in the public finance management system

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