
Audio By Carbonatix
Finance Minister, Seth Terkpeh has revealed that government is unable to meet demands by labour unions as a result of some critical payments and personal emoluments that have been effected in the last few weeks.As government is saddled with multiple industrial actions threatening the economic framework of the country, it has become necessary to strategise a holistic approach to addressing concerns of labour through an industrial truce.Admitting payment challenges, Mr. Seth Terkpeh highlighted liquidity issues, particularly, for the first quarter of 2013. These he attributed to a difficult fiscal year of 2012. Economists have largely attributed the difficulty to the depreciation of the Cedi with its rippling effect.He was speaking on the Super Morning Show, Monday regarding critical challenges faced by government and the possibility of resourcing the agencies mandated to ensure the smooth implementation of the Single Spine Salary Structure. Mr. Terkpeh aslo highlighted on efforts being made to adequately equip authorised institutions to handle industrial relations vis-a vis budgetary implications
Another challenge confronting government according to the Minister, is the issue of borrowing and expected income. “Even if government makes projections, they are dependent on expected income”, he noted.
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
-
Weija-Gbawe eye surgery programme restores sight for second cohort of beneficiaries
3 minutes -
England Applied for Goals. Ghana Requested Additional Documentation…
6 minutes -
31st December Market redevelopment to proceed despite traders’ concerns
23 minutes -
MP cuts sod for ultra-modern clinic project in Yaala No. 2
24 minutes -
Ginger prices to remain high for two years – expert warns
52 minutes -
Prisons officer interdicted for attempting to smuggle Indian hemp into Kete-Krachi facility
54 minutes -
Today’s front pages: Wednesday, June 24, 2026
1 hour -
GES to announce shortlisted recruitment candidates by July 20
2 hours -
Paul Afoko denies involvement in Adams Mahama’s death, calls for NPP unity ahead of delegates conference
2 hours -
Ghanaian regulators look to Malaysia’s success as non-interest finance framework takes shape
2 hours -
Telecel Ghana strengthens cash agent partnerships in Ashanti Region
3 hours -
Telecel introduces monthly cash winners in Dream Car Promo
3 hours -
Burna Boy becomes African artiste with most Billboard Hot 100 entries
4 hours -
Chinese bid for Atlantic Lithium puts Ghana’s local ownership model at Ewoyaa to the test
4 hours -
Eight sentenced to 450 years in prison over anti-ICE riot where officer was shot
4 hours