Government cuts pay rates of nominees by up to 30% – Presidency
The administration has affirmed that deputies will take compensation cuts as a feature of measures supported by President Nana Addo Dankwa Akufo-Addo to relieve difficulties in the Ghanaian economy.
Government has as of late conceded that the economy is in trouble in the midst of the increasing cost for most everyday items, climb in fuel costs and the deteriorating pace of the neighborhood cash, the cedi.
The Presidency on Wednesday conveyed through its online entertainment handles, four significant regions in which the public authority was looking to handle in facilitating the financial difficulty.
One of the four being: “Government cuts compensations of representatives by up to 30%,” a flyer with the picture of the president read.
It is yet to be know which classifications of deputies will take more time to 30% cut and which gathering will take a lesser rate cut.
The other three alleviating measures include: “Bureau concurs line resuming in something like fourteen days, strategy rate expanded considerably to 17%; cost of credits to go up and government to siphon US$2bn to protect cedi.”
These actions were reached following a bureau retreat last week at which the President and his representatives thought on ways of facilitating the monetary strain on residents.
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Finance Minister, Ken Ofori-Atta is normal at a Press Conference planned for the Ministry of Information on March 24, 2022; to officially declare key government intercessions pointed toward managing current monetary difficulties the nation is confronting.
Individuals from the Council of State reported on March 23, that they had selected to take a 25% slice in their month to month recompenses to assist with the monetary hardships.
Nana Otuo Siriboe II, Chairman of the Council said thanks to the President during the gathering for consenting to likewise take a trim however the rate pace of the trim was not referenced.