Mr Terkper said the country’s economy cannot be stabilized during a crisis because much money is needed to save the situation. You prepare before the crisis and during the crisis, you utilize the resources, so we built the stabilization fund. Meanwhile, Mr Terkper has indicated that the decision to set up a new development bank is a misplaced priority as a nation. According to him, the money should rather be given to the National Investment Bank (NIB) to make it productive. “They should have given the money to NIB, it was established as our investment bank by Nkrumah, there is no need for any new development bank.

Source: GhanaWeb May 29, 2021 11:15 UTC