Audio By Carbonatix
Former Finance Minister Yaw Osafo Maafo says the new salary increases announced by the Kufuor administration was ill-timed.
With just a day to leave office, President JA Kufuor announced 16-32 per cent increases in salaries for workers in the public and civil service.
The increases formed part of the implementation of the single spine salary structure which has been deliberated upon for the past two years.
Even though he supports the implementation of the new salary structure, Mr. Maafo told Joy News the decision should have been left for the incoming government.
With the global economic recession, the former finance minister reckons any increases in expenditure, especially the wage bills, without corresponding increases in revenue could be suicidal for the incoming administration.
“There should have been a silent memorandum to the NDC detailing what has been discussed and agreed, for them to have a look at it and incorporate it in the budget.”
He further stressed, the past government should have initiated a debate for the implementation of the policy in October last year before its implementation.
Mr. Maafo however,advised the new administration to quickly negotiate with workers in order to have a common ground in the implementation of a policy which the economy could sustain.
Listen to excerpts of the interview with Hon. Yaw Osafo Maafo in the attached audio
Story by Nathan Gadugah
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Adu-Boahene Trial: Defence questions witness on bank transfers
1 hour -
Efficient Sinner underlines status as favourite
2 hours -
DR Congo seek World Cup ticket refunds after Ebola outbreak
2 hours -
PSG’s Hakimi in Morocco squad despite injury
2 hours -
Osaka sparkles in golden French Open outfit
2 hours -
Man City ahead of Man Utd in race for Anderson
3 hours -
Foden a ‘victim’ of football’s packed schedule
3 hours -
TVET institutions are not second fiddle – Mahama
3 hours -
Tarkwa-Nsuaem teachers begin strike over alleged military assault
3 hours -
Mustapha Ussif denies responsibility for African Games audit irregularities
3 hours -
Newly recruited teachers threaten renewed protest over unpaid salary arrears
3 hours -
Constituency official of the ruling party bars journalist from public event, issues threats
4 hours -
Police arrest 2 over Nsawam filling station robbery, hunt for accomplice
4 hours -
YIN, GSE, CSD and strategic partners launch National Youth Investment & Financial Literacy Programme
4 hours -
BoG appeals GN Savings and Loans judgement on license restoration
4 hours