- President Akufo-Addo has put a pause on salary hikes of all officials of the executive
- The president says the directive will also affect him and his vice president
- He says the move is their modest contribution to the suffering of Ghanaians
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President Nana Addo Dankwa Akufo-Addo says there will be no salary increment for himself, the vice president, and all the appointees of the executive this year.
He made the disclosure when he delivered a speech at an event in Accra to mark May Day.
“I have taken the decision to freeze salary increment for this year, 2021 for myself as president, the vice president, ministers, deputy ministers, and all appointees of the Executive,” the president stated.
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That, according to him is their “modest contribution to reduce the damage to our public revenue and to help hasten our nation’s recovery from the ravages of the pandemic.”
Ghana’s total public debt increased from GHS122billion to GHS291.6billion as of the end of December 2020.
The increase was attributed to the current coronavirus pandemic, the banking sector cleanup exercise among others.
The fiscal impact of the coronavirus pandemic on the Ghanaian economy was Ghs19.7 billion.
In other news, social media posts of President Akufo-Addo and the Vice President – Dr. Bawumia slamming the erstwhile Mahama administration reemerged on Twitter – haunting the current records of both political figures.
President Akufo-Addo in 2012 slammed John Mahama, who was then the president, for the hike in the cost of living.
He raged over the hike in fuel prices saying it was inimical to the standard of living of Ghanaians.
The Vice President, Dr. Bawumia, also in a Twitter post on May 2012, lamented what he described as the “triple” shoot-up in the cost of water, electricity, and fuel prices.
He owed these trends to the “incompetence” of the then Mahama administration.
Fast forward – 2021- both political heads are being haunted by their own words.
It comes as the effect of the 1 percent Covid-19 recovery levy has sparked a hike in the prices of goods and services across the country.
The first increment is that of fuel prices. This follows a directive from the National Petroleum Authority for the Oil marketing companies to start applying the new taxes on fuel from May 1.
In addition to that, the Authority has also increased some levies on the price build-up. This will result in liters going up by some 47 pesewas.
The price could be more than what is expected as some marketing firms are also expected to increase the margin by some 3 percent as part two weekly receive. The government has also slapped an 18 pesewas increment on every kilogram of gas effective May 1.
What this means is that you will, for example, pay 4.5 cedis more for a 25kg LPG cylinder.
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