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2017 Budget Seth Terkper justifies imposing high taxes

According to him, the economy was wobbling, adding that revenue generation became his focus.

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play Seth Terkper justifies imposing high taxes

The Former Minister of Finance under the Mahama Administration has justified the imposition of high taxes during his term.

According to him, the economy was wobbling, adding that revenue generation became his focus.

READ MORE: Social media reacts to 'Asempa budget' by Ken Ofori-Atta

"When the economy takes a hit, you would have to make sure that GRA rakes in as much revenue as possible and that was the focus," he told Citi FM.

He added: "The management of the economy has a context such that if you are going to focusing on too much productivity when the economy is wobbling and the business sector itself is suffering, then that in itself is not good enough you are going to be borrowing for that stimulus because the taxes are not coming in and that in itself is not good enough.”

His comments follow the reduction and abolishing of some "nuisance taxes" by the Akufo-Addo administration.

Seth Terkper while in office was bastardised and accused of taxing anything that has the potential to bring in revenue.

READ MORE: NDC is terrified after budget reading – Akoto Osei

At one point, there was a massive campaign in his own party for the president to drop him because some of his tax policies made the government unpopular. He earned the name "Zacchaeus."

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