Well yes and no Hart.
Why and where was this testimony given so that it was recorded.
Was the testimony given by the person/witness under oath from personal knowledge and or observation or was this knowledge they gained from another source.
Did the statement have bearing on the outcome of a case and if so, was the case adjudicated in preference to said testimony or in deference against said testimony, If in preference, yep.its good. If against, nope.
If this was a statement to be used as declarative evidence and not while under oath or under oath and was based on information obtained from another source, it is then hearsay and may or not be admissible as true and or factual.
People do lie, that must always be considered.