General Secretary of the Ghana Medical Association (GMA), Dr. Titus Beyuo, says both the government and the International Monetary Fund (IMF) should look for creative ways to solve Ghana’s problem rather than disadvantaging poor public workers as has been done in the past.
According to him, the cutting down of public sector employees, the freezing of new employment and the inappropriate compensation of workers that have characterized previous IMF programmes will be vehemently resisted this time around at a very high cost to government.
Speaking on JoyNews’ PM Express, Dr. Beyuo noted that the government spends more money servicing the interests on loans than on remunerating public sector workers, thus if anything is to be checked, that should be it.
“If you look at the data now government is spending more on interest payments than it is spending on wages and so if government and the IMF would only look at cutting down wage bill instead of looking at how to reduce the interest we’re paying, which will come from the fundamental question why are we borrowing so much?
“Why can’t we increase our own productivity so that we increase the GDP in this country and minimize the borrowing? And look at just reducing wage bill and use these three things I’ve talked about, which is freezing employment – not employing new people which are all part of agreements that government already has with labour;
“Which is not compensating people appropriately – we agreed to very insignificant increases in salaries on the condition that government will continue to employ people. And so if you use that to reduce wage bill, and then if you do not compensate people well then that is a very easy and cheap solution,” he said.
He argued that rather than reducing the wage bill using the three IMF tropes, the government could keep the employment machinery working and ensure that the right people, with the right qualification are being employed in the public sector to help boost productivity.
According to him, with adequate monitoring and supervision, the country could boost productivity and hence boost its Gross Domestic Product (GDP) in the process.
He also argued that even if the government and the IMF insist on tackling the wage bill, they should rather seek to address the large disparities in salaries earned across the spectrum.
“One CEO in the public sector’s salary can pay COLA for an entire school of teachers, an entire hospital of doctors. And the 2015 programme failed to address that inequality, that disparity in salaries. Anytime we talk about the wage bill, we punish the low earners on the wage bill and favour the high earners in an attempt to reduce wage bill. This is what labour is determined to resist this time.
“And I will admonish the IMF that if they want to look at this and find solution they should focus on the inequalities in salaries or the disparities, the fact that some people are taking home so much than the ordinary worker, the little that that person is taking is being whittled away and those largesse are not touched,” he said.
- Ayew brothers dropped as Inaki Williams starts for Black Stars in Nicaragua clash
- 3rd-year Mechanical Engineering student tells story of how he begged for a plate of food
- Player Ratings: Black Stars beat Nicaragua in Spain
- Fatawu Issahaku scores debut goal as Black Stars record narrow win over Nicaragua
- Social media reacts to KT Hammond’s criticism of youth who hooted at Akufo-Addo
- “Very frustrating” – Asamoah Gyan on Black Stars midfielders not passing to strikers
- Samuel Boadu leaves Hearts of Oak by mutual termination
- Galamsey takes over rice farms in Upper Denkyira East
- Danadams Pharmaceuticals CEO in court over alleged fraud and forgery
- NDC dissociates itself from Akufo-Addo’s booing; says incident reflects mood of Ghanaians
- Full text: Ken Ofori-Atta’s statement on state of the economy
- Finance Minister to announce 5-member committee as part of moves to protect financial system
- ‘They were cheering him’ – Okraku-Mantey on Akufo-Addo’s booing at Global Citizen Festival
- Cocoa farmers threaten to ‘smuggle’ product to Ivory Coast if producing price is not increased
- There’s no need for media editorial on galamsey – Aisha Huang’s lawyer
- Fatawu Issahaku needs more precision with his shooting – Otto Addo
- Africa Movie Academy Awards: ‘Borga’ tops nomination list, ‘Road To My Father’s Compound’ lands 5 nods
- Lands Ministry begins reclamation of degraded galamsey sites – NAELP Coordinator
- Kirani Ayat responds to the Ghana Tourism Authority
- “Economy is gradually on upswing despite numerous shocks” – Finance Minister
- Credit purchase challenges with prepaid metres being fixed – ECG
- 17 OMCs failed to pay taxes – Auditor-General’s Report
- Government meets fiscal deficit target of 5.3% of GDP, current expenditure contained
- Homes flooded in Kumasi after hours of rain
- Cocoa Syndication Loan to build strong buffer for cedi – Ofori Atta