Byline: Laud Nartey
The Deputy Minister of Finance and Economic Planning, Hon. Seth Terkpeh, has admitted that successive governments have failed to translate the country's mineral wealth into broad economic development.
"Our country has failed to translate its mineral wealth into broad economic development. Transfers from the sector to the economy as a whole have been particularly disappointing because of several factors, including our inability to operationalise the Minerals and Mining Act to our advantage, by accepting the lower end of the 3-6% range over the years, provision of generous tax incentives, carry forward of losses, accelerated depreciation etc."
These were the candid views of the deputy minister, expressed in a statement read on his behalf by the Chief Director of the Ministry of …