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    Ghana’s unsustainable debt largely attributed to Energy Sector – World Bank Rep

    Ken Ofori-Atta, Ministry of Finance for Ghana, gives an interview during day 3 of the AfDB Annual Meetings on 13 June 2019 in Malabo, Equatorial Guinea. (Photo by Malick Silue)

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    Ghana and Côte d’Ivoire partner to tackle cocoa smuggling

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    Ghana’s unsustainable debt largely attributed to Energy Sector – World Bank Rep

    Ken Ofori-Atta, Ministry of Finance for Ghana, gives an interview during day 3 of the AfDB Annual Meetings on 13 June 2019 in Malabo, Equatorial Guinea. (Photo by Malick Silue)

    We’ll be swift with Ghana’s economic recovery – Ofori-Atta

    Ghana and Côte d’Ivoire partner to tackle cocoa smuggling

    Pay us by borrowing from treasury bill market- Pensioner bondholders reiterate calls to govt

    Ghana’s energy sector needs audit to ascertain debt levels – COPEC

    Sole implementation of cylinder recirculation model threatens our investment – LPG Operators

    Mobile money disrupted banking in Ghana – Zeepay CEO

    Independent Power Producers demand 30% payment of arrears

    We are confident of meeting IMF conditions for fiscal consolidation – Ofori – Atta

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    Ghana and Côte d’Ivoire partner to tackle cocoa smuggling

    Mobile money disrupted banking in Ghana – Zeepay CEO

    Ghana’s oil reserve recording steady growth – GNPC CEO

    Fuel pricing: COPEC predicts marginal drop in first window of June 2023

    ACEP pushes for research in Africa’s energy sector

    African leaders urged to employ energy policies that will transform Africa

    COVID -19 levy must be abolished – Importers & Exporters insist

    Halt implementation of utility tariffs increment- FABAG tells govt

    Govt maintains COVID-19 levy despite calls for removal

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    Cyber Security Authority mandate critical to country’s development – Joseph Cudjoe

    MTN shareholders given choice to convert dividend or take cash

    Ghana gets $300 million from US to build first-of-its-kind data center

    Telcoms industry players urged to partner government to promote clean energy transition

    Dominion University To Partner With USA Organisations To Set Up Centre Of Excellence For Artificial Intelligence

    Cyber Security Authority commences licensing and accreditation regime

    Twitter is reportedly planning to charge businesses $1,000 per month to keep gold verified checks

    Ghana withdraws $672m back-tax demand from MTN Group

    MTN to fight $773m tax bill from government

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    Mining propels Ghana to beat growth estimates in fourth quarter

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    Foreign exchange: Several African countries have a shortage of US dollars – why this happens and how to fix it

    Ghana and South Africa urged to leverage on AfCFTA to boost bi – lateral relations

    Silicon Valley Bank crisis: What led to stock crash, what lies ahead?

    Medical devices market projected to expand by $ 7.1 billion by close of year

    African Union adopts Africa Prosperity Dialogues AfCFTA action plan

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Payment of neutrality allowance will trigger inflationary pressures – Labour Consultant

byBobbie Osei
April 27, 2022
in Government, Local Economy, Top Stories
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A Labour Consultant, Austin Gamey is warning of increased inflationary pressures if the calls for a neutrality allowance by the Civil and Local Government Staff Association of Ghana (CLOGSAG) are heeded by the government. Currently, the national inflation rate is close to 20%.

CLOGSAG laid down their tools on Thursday, April 21, 2022, following the inability of the government to pay the allowance as agreed upon in January this year.

The strike by members of the Civil and Local Government Staff Association, Ghana (CLOGSAG), in demand for the payment of their neutrality allowances has continued into this week.

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The neutrality allowance is to ensure that civil and local government workers do not engage in partisanship while conducting their affairs when they are in their various offices. The strike and demand for the allowance have generated public debate with a divided opinion on the relevance of such an allowance.

Rather than pay the said allowance, a Labour Consultant, Austin Gamey has urged the government to adjust upward, the salaries of civil servants rather than agree to pay a neutrality allowance. In an interview with Citi News, Austin Gamey said the payment of this allowance could lead to increased inflationary pressures on the economy.

“There is a way out. They can always negotiate, such that instead of an allowance, if they have to make some adjustment in their wage level, the base pay level, not at the tripartite meeting but their own meetings. Adjust their pay a bit, instead of the neutrality allowance which will be latched onto by others. Or find something else to do, because the current language is very problematic and should not be introduced in the first place.”

“So clearly what we are doing to ourselves now will only trigger further inflationary pressures in this country and all of us will live to suffer the consequences for it,” he added.

 

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Ghana’s unsustainable debt largely attributed to Energy Sector – World Bank Rep

byNii Larte Lartey

Pierre Frank Laporte, the World Bank (WB) Country Director to Ghana, says Ghana’s energy sector debt is a major contributor...

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Ken Ofori-Atta, Ministry of Finance for Ghana, gives an interview during day 3 of the AfDB Annual Meetings on 13 June 2019 in Malabo, Equatorial Guinea. (Photo by Malick Silue)

We’ll be swift with Ghana’s economic recovery – Ofori-Atta

Ghana and Côte d’Ivoire partner to tackle cocoa smuggling

Pay us by borrowing from treasury bill market- Pensioner bondholders reiterate calls to govt

Ghana’s energy sector needs audit to ascertain debt levels – COPEC

Sole implementation of cylinder recirculation model threatens our investment – LPG Operators

Mobile money disrupted banking in Ghana – Zeepay CEO

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