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.
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