• About
  • Advertise
  • Privacy Policy
  • Contact
Tuesday, July 8, 2025
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

Gov’t to weed out ghost workers

August 19, 2021
Stephen M.Cby Stephen M.C
in Economy, Sub Top Stories1
0
Gov’t to weed out ghost workers

Finance Minister -Ken Ofori-Atta

The government continues to demonstrate its commitment to its fiscal consolidation efforts in the medium term. According to the government, it will employ biometric registration mechanism to weed out ghost workers.

This is one of several measures that government has outlined to cut down public expenditure this year and beyond.

“On the expenditure side, wage bill containment measures such as… the use of biometric registration mechanism to weed out ghost workers will be pursued”.

Ken Ofori-Atta – Finance Minister

Compensation of employees’ forms one of the major expenditure components of the government. Aside interest payment, government spends a chunk of its resources on wages and salaries, SSNIT payments and other allowances. 

RelatedPosts

Ghana’s IMF Programme Goes Off Track

Ghana’s Reserves Soar: Mahama Eyes 10-Month Import Cover to Boost Cedi Stability

Bank of Ghana’s Tight Monetary Stance Gets IMF Nod in Battle Against Inflation

For instance, in 2021, the government projects GHȼ 31.5 billion as its expenditure on employee compensation.  This represents 41.8% of the government’s projected revenues, including grants of GHȼ72.48 billion for 2021.

Increase in Employee compensation

Meanwhile, employee compensation is projected to be on the rise in the medium-term as per the new budget preparation guidelines. Government expects this expenditure component to increase from GH¢31.5 billion in 2021 to GH¢34.6 billion in 2022. The amount earmarked for 2022 accounted for 38.8 % of projected revenues, including grants, totalling GH¢89.1 billion.  

Government expects this expenditure component to increase further to GH¢38.5 billion, GH¢42.3 billion, and GH¢46.9 million in 2023, 2024, and 2025, respectively.

Other measures to reduce wage bill

As such, the government is exploring possible avenues that will at least seal all leakages on its payroll. The Finance Ministry has outlined several other measures as part of its resolve to reduce the wage bill.

One key wage bill containment measure government is implementing is negotiating wage adjustments within budgetary constraints and payroll audits. The government also noted that it will partner with the private sector to execute growth-oriented projects through PPPs with balanced shared risks and strictly enforce the PFM Act 921,

Also, it pledges the enforcement and implementation of an enhanced commitment control system in addition to enforcing procurement codes to ensure value for money. Another thing government thinks will help reduce expenditure is leveraging the balance sheet of GIIF to embark on accelerated infrastructure development.

Labour demands 25% increase in base pay

The initiative of reducing the wage bill started this year when the government decided to increase the base pay of its employees by 4%. This, however, attracted the fury of Organized Labour as it says this is an attempt by the government to exploit them.

wpid demo

Consequently, aggrieved coalition of public sector workers on Wednesday, August 18, 2021 took to the streets of Accra to protest.  According to the group, the percentage increment is unfair to public sector workers, and would not mitigate the current high cost of living in the country. Currently, inflation, which gives a general picture of the cost of living in the country rose to 9.0% in July. This, could be attributed to the newly introduced taxes earlier this year.

As a result, Organized Labour is therefore, expecting nothing short of a 25% increment in wages for its members this year. This puts the government in a tight situation as it could jeopardize government’s commitment to reduce expenditure on employee emoluments.

READ ALSO: Producer Price Inflation inches down to 8.4% in July 2021

Tags: Compensation of employeesdemonstartionghost workersKen Ofori AttaOrganized Labour
Please login to join discussion
Previous Post

NDC will comeback to power- John Mahama

Next Post

MSMES to receive affordable loans from DBG

Sign up for The Vaultz analytic wire

Get weekly news analysis from top editors at The Vaultz and stay informed on trending economic and business issues from across the globe.

Related Posts

Bank Al-Maghrib Joins Afreximbank’s PAPSS to Drive Intra-African Trade
Banking

Bank Al-Maghrib Joins Afreximbank’s PAPSS to Drive Intra-African Trade

July 8, 2025
Kwasi Sibo
Sports

Kwasi Sibo Eyes Black Stars Call-Up

July 8, 2025
Rishi Sunak Joins Goldman Sachs As Adviser
UK

Rishi Sunak Joins Goldman Sachs As Adviser

July 8, 2025
Dr. Cassiel Ato Forson, Gold, Ghana
General News

Ato Forson Declares War on Gold Smuggling at GoldBod Task Force Inauguration

July 8, 2025
Us Supreme Court Approves Handover Of Trump’s Tax Records
USA

House Democrats Demand Release Of Epstein Files Involving Trump

July 8, 2025
Noble Nketsiah Denies Being Gay, Womaniser
Entertainment

Noble Nketsiah Denies Being Gay, Womaniser

July 8, 2025
Bank Al-Maghrib Joins Afreximbank’s PAPSS to Drive Intra-African Trade
Banking

Bank Al-Maghrib Joins Afreximbank’s PAPSS to Drive Intra-African Trade

by Stephen M.CJuly 8, 2025
Kwasi Sibo
Sports

Kwasi Sibo Eyes Black Stars Call-Up

by Evans Junior OwuJuly 8, 2025
Rishi Sunak Joins Goldman Sachs As Adviser
UK

Rishi Sunak Joins Goldman Sachs As Adviser

by Lawrence AnkutseJuly 8, 2025
Dr. Cassiel Ato Forson, Gold, Ghana
General News

Ato Forson Declares War on Gold Smuggling at GoldBod Task Force Inauguration

by Silas Kafui AssemJuly 8, 2025
Us Supreme Court Approves Handover Of Trump’s Tax Records
USA

House Democrats Demand Release Of Epstein Files Involving Trump

by Comfort AmpomaaJuly 8, 2025
Noble Nketsiah Denies Being Gay, Womaniser
Entertainment

Noble Nketsiah Denies Being Gay, Womaniser

by Esther Korantemaa OffeiJuly 8, 2025
Bank Al-Maghrib Joins Afreximbank’s PAPSS to Drive Intra-African Trade
Kwasi Sibo
Rishi Sunak Joins Goldman Sachs As Adviser
Dr. Cassiel Ato Forson, Gold, Ghana
Us Supreme Court Approves Handover Of Trump’s Tax Records
Noble Nketsiah Denies Being Gay, Womaniser
[/vc_row_inner]

Recent News

  • Bank Al-Maghrib Joins Afreximbank’s PAPSS to Drive Intra-African Trade
  • Kwasi Sibo Eyes Black Stars Call-Up
  • Rishi Sunak Joins Goldman Sachs As Adviser
  • Ato Forson Declares War on Gold Smuggling at GoldBod Task Force Inauguration
  • House Democrats Demand Release Of Epstein Files Involving Trump
The Vaultz News

Copyright © 2021 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2021 The Vaultz News. All rights reserved.