{
  "id": 15626737,
  "title": "BRICS partnership should help Ghana become a middle-income economy beyond paper – Seth Terkper",
  "url": "https://urgent.news/2026/10/19/brics-partnership-should-help-ghana-become-a-middle-income-economy",
  "topic": "world",
  "section": "World",
  "published": "2026-10-19T16:47:25.000Z",
  "source": {
    "name": "MyJoyOnline Ghana",
    "slug": "myjoyonline-ghana",
    "url": "https://www.myjoyonline.com/brics-partnership-should-help-ghana-become-a-middle-income-economy-beyond-paper-seth-terkper/"
  },
  "original_language": "en",
  "account": "Former Finance Minister and Economic Adviser to the President, John Mahama, Seth Terkper, highlighted the importance of Ghana's partnership with BRICS in facilitating the transition from a middle-income status to genuine economic development. Addressing the inauguration of the Global Leadership, Innovation and Development Academy (GLIDA) in Accra, Terkper emphasized that this collaboration should serve as a catalyst for Ghana's economic transformation and bolster the institutions essential for sustaining growth. He emphasized that Ghana should aim to become a true middle-income nation, rather than simply maintaining the status on paper. Terkper stressed the importance of learning from emerging economies to help Ghana move past its current classification and create a more robust, resilient economy. He noted that achieving middle-income status can present financing challenges, such as restricted access to grants and concessional loans, which necessitates the strengthening of domestic financing options and exploration of alternative development funding sources. Terkper explained that these evolving financing conditions underpin Ghana's reliance on domestic borrowing and international sovereign bond markets to support its capital budget. He cautioned that developing nations often enter sovereign bond markets without proper preparation, highlighting the necessity for stronger borrowing frameworks and effective debt repayment mechanisms. Terkper also advocated for the enhancement of Ghana's development finance institutions to support infrastructure investment, pointing to the National Investment Bank as an example of the country's recognition of the importance of such institutions. He urged the present generation to strengthen these institutions to ensure continued economic progress. Terkper cited Malaysia as a nation Ghana could emulate, emphasizing that international partnerships should aid in building the structures and leadership required for sustained economic growth. The event took place at the Malaysian High Commission in Accra, under the leadership of Syed Nauzer Idid Bin Syed Yusoff Idid, the Chargé d’Affaires.",
  "summary": "Former Finance Minister and Economic Adviser to the President, John Mahama, Seth Terkper, has said Ghana’s engagement with BRICS should help translate its middle-income status into meaningful economic development.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "MyJoyOnline Ghana",
        "title": "Experts call for community action, stronger regulation to safeguard Ghana’s blue economy",
        "url": "https://urgent.news/2026/10/19/experts-call-for-community-action-stronger-regulation-to-safeguard",
        "published": "2026-10-19T13:57:15.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}