The government says its appointees will still face a 30% pay cut as part of austerity measures to combat the country’s current anti-growth economy.
President Nana Addo Dankwa Akufo-Addo stated that the decision to continue with the policy was reached during the recent Cabinet Retreat at Peduase Lodge.
On Sunday, October 30, 2022, he announced this while updating Ghanaians on the state of the economy.
“We have also decided to maintain the policy of 30% salary cuts for political office holders in 2023, including the President, Vice President, Ministers, Deputy Ministers, MMDCEs, and SOE appointees.”
Furthermore, the government is sticking to its 30% cut in discretionary spending for Ministries, Departments, and Agencies.
Following the onset of economic difficulties earlier this year, the President announced a 30% pay cut with immediate effect.
While announcing a 50% reduction in fuel for government machinery, he stated that his ministers would not be exempt from the pay cut.
According to him, the President’s decision was made to send a message to citizens about the need for sacrifice as the country seeks assistance from the International Monetary Fund.
Despite the current cost of living crisis and economic downturn, the President encouraged citizens not to despair in his Sunday address. He insisted that the slew of measures aimed at reviving the ailing economy would produce positive results.
For him, ‘we are all in this together,’ and Ghanaians believe that government will get them out of the woods in the most certain way to get the economy back on track.
“It is clear, fellow Ghanaians, that you have a caring government.” We are determined to restore economic stability and provide relief. We’re all in this together, and I’m asking for your help to pull Ghana out of the grip of its economic crisis,” the President said in a national address on Sunday.
Ghana’s economy is in crisis, according to Nana Addo Dankwa Akufo-Addo.
He blamed the situation on “so many malevolent forces” that had come together at the same time to cause the country’s current economic turmoil.
“I am not exaggerating when I say we are in a crisis.” There has never been a time in history when so many malevolent forces have come together at the same time.”
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He went on to say that the situation should be viewed as an opportunity to address the country’s long-term structural problems.
“I am completely confident in our ability to overcome our current difficulties.” “We are not afraid of hard work,” President Akufo-Addo stated emphatically.
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