Nothing wrong if COCOBOD CEO takes home GHC 55,000 monthly- Kofi Akpaloo

Nothing wrong if COCOBOD CEO takes home GHC 55,000 monthly- Kofi Akpaloo

Kofi Akpaloo, the former flagbearer of the Liberty Party of Ghana, formerly the Independent People's Party has found no fault with the former COCOBOD CEO, Dr Stephen Opuni taking a monthly salary of GHC 70,000.

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According to him, a CEO of an institution like COCOBOD taking home that salary should not be a problem if the coach of the Black Stars can earn 50,000 dollars monthly.

Nothing wrong if COCOBOD CEO takes home GHC 70,000 monthly- Akpaloo
Dr Stephen Opuni

READ ALSO: Ghanaians outraged over GHC 55,000 monthly salary of former COCOBOD boss

According to a mynewsgh.com report, Kofi Akpaloo remarking on the public outrage on the salary, said, "If you want to be fair and sincere do a background check as to how much CEOs from Vodafone, MTN, Stanchart, etc are earning in Ghana. You will find out there’s nothing wrong paying a CEO of COCOBOD $15,000 a month. Let’s move away from pettiness politics."

His comments follow the revelation by the new COCOBOD CEO, Hackman Owusu-Agyemang that the former CEO had been earning a monthly salary of GHC 70,000, an amount Mr Owusu-Agyemang described as 'outgrageous.'

In an interview with Citi FM, Mr Owusu-Agyemang said, "COCOBOD is a state institution. It cannot be taken out of the context of the overall remuneration structure and within the executive and those ancillary services."

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According to him, even the highest paid officials stated in Article 71 would not earn what some top management earn after the proposed government salary cut.

"For me, it is absolutely unthinkable that the gross salary of the Chief Executive Officer should be in the neighbourhood of GH¢70,000 to GH¢ 75,000 a month, and the net is about GH¢55, 000 to GH¢ 57,000 a month. If you even discount this by 50 percent, it would still be higher than anybody under article 71 of the constitution," he added.

Hackman Owusu-Agyemang further noted that the president earning less than the COCOBOD CEO was a matter of concern, stating “at the end of the day, we have to be able to say that the work that is being done is getting reasonable levels of remuneration commensurate with the work that they do, and also within the context of the Ghanaian economy.”

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Source: YEN.com.gh

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