Audio By Carbonatix
Recently, some have been accusing the Finance Minister of failing to give financial clearance for the employment and payment of workers.
A while ago, at the Office of the President, the Minister laid bare the realities.

In his presentation, he showed that regrettably, Government is unable to employ more workers immediately because there is simply no money to do so.
In 2025, 44% of all tax revenue went into paying public sector workers, far above the recommended limit of 35%.

After meeting statutory obligations such as DACF, GETFund, NHIL, and servicing debt, only GH¢61.9 billion remained out of total tax revenue of GH¢183 billion. However, the public sector wage bill alone was GH¢78.9 billion.

This means Government had to borrow about GH¢17 billion just to pay salaries.
In total, wages, debt payments, and statutory transfers exceeded all the tax revenue collected.
In this situation, there is simply no fiscal space to recruit more workers or adequately fund essential projects like schools, hospitals, and roads.
This is why patience and understanding are needed at this time, as the current managers of the economy implement the necessary policies to fix these structural challenges and create the space to employ more people sustainably.
Latest Stories
-
GPHA net profit rises 17.18 per cent to GH¢2.82bn in 2025 – SIGA Report
17 minutes -
Cement price hike looms as COCMAG introduces temporary GH¢12 surcharge
24 minutes -
Transport Minister urges Okada riders to embrace training, protective gear
30 minutes -
Gov’t moves to make horticulture key driver of Ghana’s export growth
37 minutes -
GoldBod drives manufacturing SOE revenue to GH¢1.21bn
44 minutes -
DBG bets big on maize, rice, cassava and poultry to drive Ghana’s food security
49 minutes -
Spurs omit Richarlison from Premier League squad
1 hour -
Women-owned businesses take over 60% of DBG’s GH¢2.5bn lending
1 hour -
Nepal flood losses estimated at $2.56 billion, official says
2 hours -
Gold holds ground with US payrolls data on radar
2 hours -
South Korea says US companies to invest $2 billion in chip, energy sectors
2 hours -
Kyrgios given one-month ban for positive cocaine test
2 hours -
Fifa accuses Uefa of ‘smear campaign’ against Infantino
2 hours -
My marriage will be secret – Singer Joeboy
2 hours -
Why I once evicted my son from home – Patience Ozokwor
3 hours