Policy Analyst and Economist, Dr. Peter Terkper, has hailed the government’s clearance of a $1.47 billion energy debt as a critical step toward strengthening Ghana’s economy and attracting investment.
Speaking on ABC In The Morning, policy analyst Dr. Peter Terkper emphasized the importance of fiscal discipline and energy sector reforms to drive sustainable development.
“If we [Ghana] live within our budget, Ghana will become a great country.” He said, highlighting the role of controlling expenditure and aligning spending with revenue, laying a strong foundation for long-term prosperity.
Dr. Terkper also spoke on the Domestic Gold Purchase Programme, describing it as a strategic initiative that has helped reduce foreign exchange spending. “The Gold for Oil programme is giving us [Ghana] value; it is helping us [Ghana] to reduce our spendings for forex,” he explained.
He further emphasized that restructuring the energy sector is essential for national growth. “It is very important that we restructure the entire energy sector so that the economy will strive in terms of development, especially to attract foreign investors,” he said.
According to Dr. Terkper, these measures including, fiscal discipline, energy sector reforms, and initiatives like the Gold for Oil programme—are key to creating an economy that is stable, efficient, and capable of delivering lasting benefits to Ghanaians.
