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Coronavirus is not the bane of Ghana’s budgetary challenges – Seth Terkper

Former Minister of Finance, Seth Terkper, has described the 2021 Budget as an Austerity Budget since it lacks the Management of Expenditure Statement, which has been missing since the 2018 budget.

Speaking on GBC’s Current Affairs Programme, ‘FOCUS’, Mr. Terkper said challenges with the Economy started before the outbreak of COVID-19 and asked the government to be candid with what led to the budget gaps.

The MP for Afigya Kwabre North, and Member of the Finance Committee of Parliament, Collins Adomako-Mensah said it is unfortunate large amounts are being used for Interest Payment, Compensations and Salaries.

He said Government is being proactive to ensure that more cash is put into the Sinking Fund to cushion expenditure.

Mr Adomako-Mensah called on Ghanaians to appreciate the current fiscal challenges confronting the country.

Ogyem Solomon

Solomon Ogyem – Media Entrepreneur | Journalist | Brand Ambassador Solomon Ogyem is a dynamic Ghanaian journalist and media entrepreneur currently based in South Africa. With a solid foundation in journalism, Solomon is a graduate of the OTEC School of Journalism and Communication Studies in Ghana and Oxbridge Academy in South Africa. He began his career as a reporter at OTEC 102.9 MHz in Kumasi, where he honed his skills in news reporting, community storytelling, and radio broadcasting. His passion for storytelling and dedication to the media industry led him to establish Press MltiMedia Company in South Africa—a growing platform committed to authentic African narratives and multimedia journalism. Solomon is the founder and owner of Thepressradio.com, a news portal focused on delivering credible, timely, and engaging stories across Ghana and Africa. He also owns Press Global Tickets, a service-driven venture in the travel and logistics space, providing reliable ticketing services. He previously owned two notable websites—Ghanaweb.mobi and ShowbizAfrica.net—both of which contributed to entertainment and socio-political discussions within Ghana’s digital space. With a diverse background in media, digital journalism, and business, Solomon Ogyem is dedicated to telling impactful African stories, empowering youth through media, and building cross-continental media partnerships.

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