Economic Crisis: The Worst Is Over – Seth Terkper

According to him, the price of cocoa has recovered and that of gold is recovering; hence the economy is doing better.

Speaking to Kwami Sefa Kayi in an exclusive interview onPeace FM’s morning show ‘Kokrokoo’, Monday, the Finance Minister stated “the worst is over unless there is another setback. When prices of crude oil, gold…go down, it means your power to earn foreign exchange is affected…the price of cocoa has recovered; we are seeing gold recovering and so when this happens the economy becomes stronger”.

The Finance Minister also dismissed suggestions that he is the bane of the country’s poor economic performance, pointing out that factors such as the fall in gold, crude oil and cocoa prices on the international market accounts for the dismal economic outlook.

“Excuse me to say that it is a bit simplistic [for people to say that it is my poor management of the economy that has brought us to where we are] because I didn’t cause gold prices to fall, I didn’t cause cocoa prices to fall, neither was I responsible for the pirate ship that broke pipeline and therefore disrupted the supply of gas into the economy, neither was my boss the president responsible for these things,” Seth Terkper stated.