Pulse.com.gh logo

Battle of Economists Seth Terkper hits back at Bawumia on prioritising energy crisis

What else do we have to do to show we have prioritized solving the energy crisis.- Terkper

  • Published:
24/7 Live - Subscribe to the Pulse Newsletter!

Finance Minister Seth Terkper has been responding to some strong claims made by NPP running mate, Dr. Mahamadu Bawumia in a press briefing  in Accra, Tuesday.

One of the issues Seth has been addressing Dr. Bawumia's assertion that government has not prioritized the need to find a solution to the current energy crisis.

Read more: > Dumsor crisis 'Karpower deal does not make sense' - Bawumia

In an interview on Joy Fm's Super Morning Show, Seth Terkper asked,

" What else do we have to do to show we have prioritized solving the energy crisis. This is another way that the running mate of the NPP, openly ignoring the facts. What does he call prioritisation. I have taken with the approval of cabinet we have gone to the World Bank to devoted 400 million dollars from our IDF resources to  secure partial guarantee for the Sankofa Gas Plant, what else do you call prioritisation."

Read more: > Crisis Power barge won't end dumsor - Kwabena Donkor

The finance minister added that he has applied for a similar facility from the Africa Development Bank yet to be approved by parliament.

" What else do you call prioritisation, when we have spent the biggest chunk of our oil revenue to the completion of the Gas Processing Plant and the Pipeline."

" These are critical budgetary funds. We could have use the World Bank's IDF funds that we are using for the Sankofa Gas Plant for something else. We could have used it to build roads, so what is prioritisation if a  government used it resources which are need for social intervention and sacrificed them as partial guarantee to solve the energy crisis. What else is prioritisation?" the finance minister asked.

Read more: > Massive Retrenchment Ghana Employers Association threaten lay-offs if power crisis continues

He further emphasized the need for a balance in  budgetary spending every year. Which is why government cannot spend only on the energy sector in a year as Dr. Bawumia may be suggesting.



Do you ever witness news or have a story that should be featured on Pulse Ghana?
Submit your stories, pictures and videos to us now via WhatsApp: +233507713497, Social Media @pulseghana: #PulseEyewitness & DM or Email: eyewitness@pulse.com.gh.

Recommended Articles

Recommended Videos

Top Articles

1 Menzgold Ghana Don't deposit money with Menzgold – BoG cautions public againbullet
2 Economy Bawumia says 'cedi depreciation temporary': Adviser says it...bullet
3 Fuel Price Hikes Fuel prices to drop again this weekbullet
4 Cedi Debate Mahama lacks understanding in Economics – Dr Bawumiabullet
5 Menzgold Ghana Investment company closes down its Gold Vault Marketbullet
6 Salaries In 2018 Here are the dates public workers will be...bullet
7 Shirley Frimpong-Manso and Ken Attoh owe The Royal Bankbullet
8 Free Decoder Promo StarTimes launches most affordable...bullet
9 Ghana Cedi Mahama shades Bawumia over Cedi depreciationbullet
10 Star Phone Services One Smart Star opens its first...bullet

Top Videos

1 Money Alert Meet Africa's richest womanbullet
2 Bozoma Saint John 10 quotes from Uber top official, Bozoma, that will...bullet
3 Support Finance minister buys Kantanka carbullet
4 New Discovery Ghana discovers new mineral, lithium in commercial...bullet
5 Dr Joseph Siaw Agyepong Nobody can collapse my company – JOSPONGbullet
6 Forbes 2018 Africa's billionaires rich listbullet
7 Video We are determined to move Ghana beyond aid - Bawumiabullet
8 Plane Crash Starbow suspends operations following plane crashbullet
9 New Phones Nokia MWC 2018 Event in 5 minutesbullet
10 Tech 6 reasons you should buy an iPhone SE instead of...bullet