Public sector workers won't receive any 'gargantuan' salary increment till 2024 - FM

Public sector workers won't receive any 'gargantuan' salary increment till 2024 - FM

- The finance ministry has said public sector workers will not get any form of huge salary increments till 2024

- The ministry said there is currently no money available to be used to increase the wages of workers in the public sector

- The ministry also explained that if all mandated transfers are made, the rest will not be enough

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All public sector workers are not going to get any form of huge salary increments from 2021, till 2024, the finance ministry has said.

According to the Technical Adviser at the Finance Ministry, Samuel Nii Noi Ashong, there is currently no money available which would be used to increase the wages of workers in the public sector.

He said the impact of COVID-19 on the economy has forced the government into tightening its belts and channeling money to other sectors of the economy.

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Public sector workers won't receive any 'gargantuan' salary increment till 2024 - Finance Ministry
Public sector workers won't receive any 'gargantuan' salary increment till 2024 - Finance Ministry
Source: UGC
“... people should not be expecting huge wage increases in the course of the next few years. This is because we don’t have money to pay for it,” he said.

Nii Ashong explained that if government makes all the mandated transfers required by law, GETFund, Health Insurance, District Assemblies Common Fund, the rest will not be enough to pay for even wages and salaries.

Meanwhile, the caretaker Finance Minister, Osei Kyei Mensa-Bonsu, has disclosed that the Akufo-Addo administration intends to introduce a COVID-19 Health Levy of 1% on Value-added Tax (VAT) as part of measures in rebuilding the country’s economy.

He said the administration will further introduce the Flat Rate Scheme (VFRS) and a 1% on National Health Insurance Levy (NHIL) all part of the recovery measure.

He said the levies will be used for the procurement of vaccines and the establishment of 14 medical waste treatment facilities across the country.

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In other news, former Deputy Finance Minister, Dr. Cassiel Ato Forson has called on the Akufo-Addo administration to ban sports betting.

The call by the Ranking Member on the Finance Committee of Parliament came on the back of disclosure by the caretaker Finance Minister, Osei Kyei Mensa-Bonsu that the country loses over Ghs300million to leakages in the gaming industry.

Speaking on Joy News’ PM Express on Monday, March 15, 2021, Ato Forson bemoaned how the industry is destroying the Ghanaian youth. For him, sports betting must be banned instead of taxing it.

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Source: Yen.com.gh

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