Nana Addo Announces Reducing His Salary By 30% Due To The Current Economic Hardship In Ghana

Nana Addo Announces Reducing His Salary By 30% Due To The Current Economic Hardship In Ghana

The president of Ghana, Nana Addo Dankwa, has recently announced a decision to reduce his salary by 30% in view of the hard state of the economy.

New feature: Check out news exactly for YOU ➡️ find “Recommended for you” block and enjoy!

The citinewsroom.com publication sighted by YEN.com.gh reported that the president made this known during his speech at this year's Eid Al Adha prayers in Accra.

Nana Addo reduces his pay by 30% due to hard economy
Nana Addo at an event Photo credit: Bloomberg
Source: Getty Images

The 30% reduction in salary would also apply to all ministers as well as a 50% cut on fuel for government machinery.

"We are all going to have to make some sacrifices to afford us the space to navigate the troubled waters of the current economic difficulties. The expenditure of ministries, departments, and agencies has been cut by 30 percent. The salaries of all appointees including myself have been reduced by 30 percent. Fuel coupon allocations have been slashed by 50 percent and other expenditures suspended", Nana Addo said, according to citinewsroom.com.

Source: YEN.com.gh

Authors:
Linda Anderson avatar

Linda Anderson Linda is a graduate of the Kwame Nkrumah University of Science and Technology (KNUST) in 2017 where she studied Chemical Engineering. She made an interesting career pivot from a Quality Control Officer to a Human Interest Editor in pursuit of doing what she loves and currently has close to 2 years experience in Journalism. Linda believes in kindness, respect, and empathy towards all and is firmly on board to help Yen.com.gh achieve all its set targets and goals.