The finance ministry has said public sector workers will not get any form of huge salary increments till 2024.
The ministry said there is currently no money available to be used to increase the wages of workers in the public sector.
The ministry also explained that if all mandated transfers are made, the rest will not be enough.
According to the Technical Adviser at the Finance Ministry, Samuel Nii Noi Ashong, there is currently no money available which would be used to increase the wages of workers in the public sector.
He said the impact of COVID-19 on the economy has forced the government into tightening its belts and channeling money to other sectors of the economy.
“… people should not be expecting huge wage increases in the course of the next few years. This is because we don’t have money to pay for it,” he said.
Nii Ashong explained that if government makes all the mandated transfers required by law, GETFund, Health Insurance, District Assemblies Common Fund, the rest will not be enough to pay for even wages and salaries.
Meanwhile, the caretaker Finance Minister, Osei Kyei Mensa-Bonsu, has disclosed that the Akufo-Addo administration intends to introduce a COVID-19 Health Levy of 1% on Value-added Tax (VAT) as part of measures in rebuilding the country’s economy.
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