• He said natural disasters and other external factors trigger a country to borrow. Seth Terkper, former Minister of Finance, has said the stakeholders of the country’s economy needs to set up mechanisms to save the country from the numerous borrowings. According to him, natural disasters and other external factors trigger a country to borrow but stabilization of the economy is key this could be done through saving out of the better days of the economy to over any future crisis. Mr Terkper said the country’s economy cannot be stabilized during 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.

Source: GhanaWeb May 22, 2021 11:37 UTC