Ghana: On the verge of the abyss, the salaries of the president and ministers reduced by 30% : Orishas-finance

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Ghana: On the verge of the abyss, the salaries of the president and ministers reduced by 30%

28/03/2022

Source : ORISHAS FINANCE

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Ghana: On the verge of the abyss, the salaries of the president and ministers reduced by 30%

Nana Akufo Ado

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To bring the budget deficit below 7.4% at the end of 2022, the government of Ghana announced, Thursday, March 24, 2022, to cut the salaries of ministers and President Nana Akufo-Addo by 30%.

The decision announced by Finance Minister Ken Ofori-Atta at a press conference in Accra aims to clean up public accounts affected by poor economic choices, the weakness of a national currency battered by foreign currencies, a high debt and a budget-intensive administration. Likewise, official trips and vehicle purchases will be reduced to a strict minimum, if not canceled. Fuel allowances to officials will be reduced by 50%. The impact of such measures is estimated at a saving of 360,000 euros.

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