Business News of Friday, 20 March 2020Source: www.ghanaweb.comFlashback: Finance Minister seeks more foreign aidFormer Finance Minister, Seth TerkperDespite government’s approach of making money to fund critical projects in the country, Former Finance Minister, Seth Terkper, called on foreign donors to assist them to embark on developmental projects. He was of the view that donors' support can help sustain the traditional approach of funding projects in the country. Finance Minister Seth Terkper has called on foreign donors not to cut official development assistance to emerging countries, amidst attempts to seek capital resources from other avenues to fund critical projects. He said the traditional approach to funding projects through tax revenue, domestic borrowing, external loans, and foreign grants has to be complemented by other financing strategies. “It appears that the development finance institutions in particular have not devised a package from the Asian tigers and eastern European or EU-assisted experience to guide ‘Africanisation’,” he said.

Source: GhanaWeb March 20, 2020 14:26 UTC