Finance Minister, Seth Terkper has stated that the outgoing John Mahama administration is leaving behind a stabilized economy.
This, according to him, was as a result of the government’s fiscal consolidation programme, resulting in stabilization of the cedi, reduction of budget deficit from 12% to 6.3% in 2015 including reduction in inflation.
“Over the last four years we have been following a path of fiscal consolidation, which has led to an economy that has turned around, and the economic indicators points to a clear stabilized economy,” said Mr. Terkper at a press conference Tuesday.
According to Mr. Terkper, the foundation had been laid and that if the incoming government followed the path of fiscal prudence, the economy will see a 7% growth in 2017.
He assured that all things suggest that there would not be a reversal of the fiscal consolidation programme.