Seth Terkper
{{Short description|Ghanaian chartered accountant and politician}}
{{Use dmy dates|date=August 2020}}
{{Infobox officeholder
| honorific-prefix = Hon
| name = Seth Terkper
| honorific-suffix =
| image = Seth Terkper 1 (cropped).jpg
| imagesize =
| smallimage =
| alt =
| caption =
| order = 17th
| office = Minister for Finance and Economic Planning
| term_start = Jan 2013
| term_end = Jan 2017
| alongside =
| president = John Dramani Mahama
| predecessor = Kwabena Duffuor
| successor = Ken Ofori-Atta
| prior_term =
| order2 =
| office2 = Deputy Minister for Finance and Economic Planning
| term_start2 =
| term_end2 =
| alongside2 =
| vicepresident2 =
| viceprimeminister2 =
| deputy2 =
| lieutenant2 =
| monarch2 =
| president2 = John Evans Attah-Mills
| primeminister2 =
| governor2 =
| succeeding2 =
| predecessor2 = George Gyan-Baffour
| successor2 = Cassiel Ato Forson
| constituency2 =
| majority2 =
| birth_date =
| birth_place =
| death_date =
| death_place =
| restingplace =
| restingplacecoordinates =
| birthname =
| citizenship =
| nationality = Ghanaian
| party = National Democratic Congress
| otherparty =
| spouse =
| partner =
| relations =
| children =
| residence =
| alma_mater =University of Cape Coast
Harvard University
| occupation = Chartered Accountant
| profession =
| cabinet =
| committees =
| portfolio =
| religion =
| signature =
| signature_alt =
| website =
| footnotes =
}}
Seth Emmanuel Terkper is a Ghanaian chartered accountant and politician who served as the Minister for Finance and Economic Planning of Ghana from 2013 to 2017 under the John Mahama Government.{{Cite web|date=2015-12-07|title=Seth Terkper, Minister of Finance: Interview|url=https://oxfordbusinessgroup.com/interview/prudent-development-obg-talks-seth-terkper-minister-finance|access-date=2020-11-25|website=Oxford Business Group|language=en}}{{Cite web|last=|first=|date=29 November 2018|title=Economy could be performing better|url=https://www.thefinderonline.com/news/item/14927-economy-could-be-performing-better-seth-terkper|access-date=2020-12-06|website=www.thefinderonline.com}}{{dead link|date=March 2025|bot=medic}}{{cbignore|bot=medic}} He is currently serving as Economic Advisor to the president of the republic of Ghana.
Early life and education
Seth Terkper was born in Somanya in the Eastern Region of Ghana, where he started his elementary school education in the Presby cluster of schools.
He obtained his first degree in B.Comm from the UCC in Ghana. He is also a Chartered Accountant who holds an MPA degree from the Kennedy School, Harvard University.{{cite web|last=|first=|date=|title=SOCIAL:Seth Terkper to lead Finance Ministry|url=http://www.ghanadistricts.com/news/?read=48210&sports|accessdate=2014-08-11|work=Official website|publisher=Ghana Districts.com}}
Early career
Between July 1999 and February 2009, Terkper held various positions (last as Senior Economist) in the Fiscal Affairs Dept. (FAD) of the IMF in Washington, DC.{{cite web|title=Profile of Honourable Seth Emmanuel Terkper - Minister of Finance and Economic Planning|url=http://www.mofep.gov.gh/?q=highlights/150113|accessdate=2014-08-11|work=Official website|publisher=Ministry of Finance and Economic Planning, Ghana}}
He participated in, and led, several technical assistance (TA) missions to member-states to improve the organization, process and legislation for revenue institutions. In so doing, he worked with colleagues in the Tax Policy [TP] and other Divisions in FAD; the African and Legal departments; the Caribbean Technical Assistance Centre [CARTAC]; and other IMF units to achieve critical TA goals. As a chartered accountant and public administrator, he follows fiscal, accounting, and other economic trends closely.{{Cite web|date=2020-05-28|title=A former Finance Minister, Seth Terkper challenges Ghana's debt figures published by Bank of Ghana|url=https://www.pulse.com.gh/bi/finance/a-former-finance-minister-seth-terkper-challenges-ghanas-debt-figures-published-by/2r2tr8r|access-date=2020-12-06|website=Pulse Ghana|language=en-US}}
Before joining the IMF, Terkper worked in staff and management positions—including National VAT Coordinator and Deputy Commissioner—in the National Revenue Secretariat MOFEP and revenue agencies in Ghana. He played a key role in the introduction of the Value Added Tax (VAT) in Ghana.
Political career
= Deputy Minister for Finance and Economic Planning =
File:U.S.-Africa_Leaders_Summit_MCC_Ghana_Compact.jpg
As a Deputy Minister in the MOFEP from March 2009 to January 2013, Terkper worked mainly on the Budget and Medium-Term Expenditure Framework (MTEF) as well as on revenue policy and administration. During the period, he became very active in working on government business in Parliament, including the passage of Bills and approval of International Agreements.{{citation needed|date=August 2020}}
He is a member of the board of directors of the BOG and chaired the joint Steering Committee of the Ghana Revenue Authority (GRA) and Ghana Integrated Financial Management Information System (GIFMIS) reforms.{{Cite web|title=Seth Emmanuel Terkper|url=https://www.weforum.org/people/seth-emmanuel-terkper/|access-date=2020-12-06|website=World Economic Forum|language=en}}
= Minister for Finance and Economic Planning =
In 2013 Terkper was appointed to serve as the 17th Minister for Finance and Economic Planning by President John Dramani Mahama after serving as the deputy minister in the John Evans Atta Mills Government.{{Cite web|title=Prez Mahama releases first batch of ministers; Omane-Boamah to head Communications Ministry|url=https://tv3network.com/news/prez-mahama-releases-first-batch-of-ministers-omane-boamah-to-head-communications-ministry|access-date=2020-11-25|website=tv3network.com}}{{Cite news|last=Bigg|first=Matthew Mpoke|date=2016-10-21|title=Ghana parliament grants $2.75 bln state funding to March 2017|language=fr|work=Reuters|url=https://fr.reuters.com/article/ozabs-us-ghana-budget-idAFKCN12L0NV|access-date=2020-12-06}}{{dead link|date=July 2021|bot=medic}}{{cbignore|bot=medic}}
He has consulted for the IMF; Harvard Institute for International Development (HIID), Harvard International Tax Program (ITP); African Development Bank (AfDB), and UN Committee of Tax Experts. He was a correspondent for Tax Analysts, USA.{{Cite web|date=2015-10-19|title=Seth Terkper, Ghana's number cruncher|url=https://www.theafricareport.com/2445/seth-terkper-ghanas-number-cruncher/|access-date=2020-11-25|website=The Africa Report.com|language=en-US}}
Terkper has been part of and participated in leadership positions in local government (including membership of the Yilo District Assembly), social, religious, and student bodies.
Author
Terkper published a book on VAT (VAT Handbook by Thompson-Reuters) in 2011 and continues to maintain a keen interest in research, publications, reviews and teaching.{{cite web|last=|first=|date=|title=Seth Terkper Coordinator, Value Added Tax Project, Ghana|url=http://www.princeton.edu/successfulsocieties/content/superfocusareas/traps/ME/oralhistories/view.xml?id=149|url-status=dead|archive-url=https://archive.today/20140812070632/http://www.princeton.edu/successfulsocieties/content/superfocusareas/traps/ME/oralhistories/view.xml?id=149|archive-date=2014-08-12|accessdate=2014-08-11|work=Official website|publisher=Woodrow Wilson School of Public & International Affairs, Princeton University}}{{Cite web|title=Efficiency is the Word|url=https://www.thebusinessyear.com/ghana-2016/efficiency-is-the-word/interview|access-date=2020-12-06|website=The Business Year}}
See also
External links and sources
- [http://www.mofep.gov.gh/?q=about/staff/seth-terkper Seth Terkper on Ministry of Finance and Economic Planning website]
References
{{Reflist}}{{Commons category}}{{s-start}}
{{s-off}}
{{s-bef|before=Kwabena Duffuor}}
{{s-ttl|title=Minister for Finance and Economic Planning |years=2013 – 2017}}
{{s-aft|after=Ken Ofori-Atta}}
{{s-end}}
{{Authority control}}
{{DEFAULTSORT:Terkper, Seth}}
Category:Year of birth missing (living people)
Category:Finance ministers of Ghana
Category:University of Cape Coast alumni
Category:National Democratic Congress (Ghana) politicians