Mr Seth Terkper (standing), the Minister of Finance, speaking to the press at the meet-the- press series at the Conference Room of the Ministry of Communications in Accra. Picture: SAMUEL TEI ADANO

Govt conservative about growth prospects — Terkper

Victor Kwawukume Aug - 23 - 2016 , 11:53

The Minister of Finance, Mr Seth Terkper, has said the government has decided to adopt a firm but conservative approach to making macroeconomic assumptions, in spite of the bright economic outlook.

He said with the Tweneboa-Enyera-Ntomme (TEN) fields, the Jubilee fields, as well as the Sankofa field, for which a third FPSO was at an advanced stage of construction, added to the government securing a World Bank partial risk guarantee, growth was expected to expand.

That, he said, was complemented by a growing services sector and improvement in the power situation in particular.

He said for the first time since 2006, Ghana aimed to achieve a primary fiscal balance surplus in the 2016 fiscal year.

No over-excitement

Mr Terkper, who said this during a press briefing in Accra yesterday, however, added that “going forward, we want to be conservative. We would not want to be over-excited about the TEN fields and Sankofa. We must learn lessons from our