Finance Ministry would soon regularize the salaries of public sector CEO’s – Minister

Finance Ministry would soon regularize the salaries of public sector CEO’s – Minister

- Reports by the ministry indicate that some public sector CEO's earn three times the salary of the president of Ghana

- Both the Vice-President and the CEO of the State Enterprises Commission agreed with the Finance minister that the salaries had to be reviewed

The ministry of Finance has announced plans to regularize the salaries of top executives in the public sector.

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Finance Ministry would soon regularize the salaries of public sector CEO’s – Minister

President Akufo-Addo

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Accordingly, the salaries of the Chief Executive Officers (CEO’s) of these institutions would be examined.

This has become necessary as a result of the fact that some CEO’s are reportedly earning as much as three times the salary of the president of Ghana.

The ministry is putting in place measures to ensure that no salaried public sector CEO earns more than the president.

This, he stated would start from an examination of the bonuses paid to such executives.

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Speaking on the same issue, the Vice-President, Dr. Mahamadu Bawumia indicated that salary levels should be reflective of work done.

He added that a recent report from the ministry of Finance indicated heavy losses in the operations of State-Owned Enterprises (SOE’s) even though they received significant support from the government.

Adding his voice to the subject matter, the CEO of the State Enterprises Commission, Stephen Asamoah Boateng stated that there is an urgent need to ensure monitoring and evaluation of the output of some public sector executives.

To him, the fact that some people are heading public institutions did not necessarily imply that they deserved huge salaries.

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Source: Yen.com.gh

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