Audio By Carbonatix
Economist Nii Moi Thompson has said that productivity cannot be ignored if the issue of low pay is to be dealt with holistically.
He was commenting on the numerous industrial disputes being recorded in the country.
There are concerns that the public sector wage bill which expends some 60 percent of the national budget would be further spent if government would have to meet the demands for more pay.
This, economists say could deprive other equally critical sectors of much needed capital injection.
Dr. Nii Moi Thompson however told Joy Business the economy can absorb more pay for workers if they would produce more.
He expressed concern that wage increases in the country are not tied to a corresponding increase in productivity.
Dr. Thompson is also advocating a radical paradigm shift in monitoring performance in the country.
“You look at the police also; how many police officers do you need to hold a speed gun to check speeding on the highway? In better managed societies, only one police officer. In Ghana you are likely to find between eight and 10 police officers clustered around a single speed gun.”
As a result of this, he argued, there “is massive inefficiencies in the system,” warning that “until we make an effort to remove those things, public spending will become unsustainable and ultimately collapse and we are going to have chaos.”
Source: Joy Business/Ghana
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
-
Mahamud Iddi wins TCL Electronics worth GH¢100,000 in EGL’s Akye3de3 Kese3 Promotion
2 hours -
Lands Minister, NAIMOS mourn fallen soldier killed during anti-galamsey operation in Obuasi
2 hours -
Ghana Impact Project donates $20k to restore mobility for children
2 hours -
JoyNews’ Kwaku Asante named Best Radio and TV Journalist in Parliamentary Reporting
3 hours -
Education Ministry updates EMIS indicators to strengthen ICT integration in schools
4 hours -
Interior Ministry declares Christmas, Boxing Day and New Year’s Day public holidays
4 hours -
President Mahama directs Finance Ministry to disburse $78m for completion of Takoradi–Agona-Nkwanta road
4 hours -
Interior Minister lauds NIA staff for dedication, pledges continued government support
4 hours -
First Atlantic Bank will run a “proper and decent business” to protect shareholder value – CEO
5 hours -
First Atlantic Bank targets African expansion as IPO strengthens capital, governance
5 hours -
First Atlantic Bank CEO attributes IPO and GSE listing decision to renewed confidence in Ghana’s economy
5 hours -
GPL 2025/26: Bechem United end All Blacks 6-game unbeaten run
5 hours -
Eggs fly off shelves as shoppers throng The Multimedia Group’s X’mas Egg Market on final day
6 hours -
Bankable energy: Why Africa’s downstream sector is the next global investment frontier
6 hours -
Working Capital Management: Do’s and don’ts to consider for 2026
7 hours
