Members of the Council of State have resolved to reduce their monthly allowances by 20% until the end of the year due to the country’s economic challenges.
According to the Chairman of the Council, Nana Otuo Serebour II, the move is to help them identify with Ghanaians amid the difficulties people are facing.
Speaking at the Jubilee House during a meeting with the President on Tuesday, he was hopeful “this small gesture will be emulated by our organs of government.”
“Mr President, in tandem with your decision, we as the Council of State have also decided that we will reduce our monthly allowances by 20% until the end of this year. This move is our way of contributing our widow's mite to our total efforts towards economic recovery,” he said.
The Finance Minister Ken Ofori-Atta is expected to brief the country on Thursday, March 24, on government’s measures to mitigate the current economic challenges confronting the country.
Many Ghanaians have lamented how the rising fuel prices, hikes in transport and food prices, and the depreciating cedi have compounded their cost of living.
On his part, President Akufo-Addo urged members of the public to await the decisions that would be announced by the Finance Minister.
“Fortunately for us, our retreat coincided with these difficulties and with the public anxiety about the way that the economy was going. It gave us, therefore, the opportunity of the three days to look in-depth about where the economy was headed and what measures were necessary to be taken.
“The decision was that the Minister for Finance is going to have a major engagement with the nation on Thursday where he is going to be in the position layout specifically the measures that we have taken that we intend to take,” he said.
Latest Stories
-
Two hit by stray bullet as Police clash with ‘wee smokers’
2 mins -
Okyeame Kwame aims for another Artiste of the Year win after 15 years
13 mins -
NAGRAT gives government one-week ultimatum to redeem unpaid pensions for 700,000 workers
16 mins -
Deloitte launches Technology, Media and Telecom predictions for 2024
33 mins -
Meta AI expands to Ghana, Nigeria and other countries in Africa; adds new features
44 mins -
GPL: Expect a new Kotoko against Samartex – Ogum tells fans
2 hours -
Court orders service of notice for DNA test to Mohbad’s wife
2 hours -
Changes to Ghana’s oil and gas royalty and licensing scheme to be implemented in 2024
2 hours -
Ghana’s oil production to rebound in 2024 growing by 5% – Fitch Solutions
2 hours -
Davido gifts fan $50K to clear off her student loan
2 hours -
Netflix: Profits soar after password sharing crackdown
2 hours -
OSP files additional charges against former PPA CEO Adjenim Boateng Adjei
2 hours -
Samuel Anini’s ‘Legacy of Hope’ to be launched in Finland
2 hours -
Fitch Solutions projects 19.0% average inflation for Ghana in 2024
2 hours -
Beijing half marathon: Top 3 stripped of medals after investigation
2 hours