Former Finance Minister Yaw Osafo Maafo says the new salary increases announced by the Kufuor administration was ill-timed.
With just a day to leave office, President JA Kufuor announced 16-32 per cent increases in salaries for workers in the public and civil service.
The increases formed part of the implementation of the single spine salary structure which has been deliberated upon for the past two years.
Even though he supports the implementation of the new salary structure, Mr. Maafo told Joy News the decision should have been left for the incoming government.
With the global economic recession, the former finance minister reckons any increases in expenditure, especially the wage bills, without corresponding increases in revenue could be suicidal for the incoming administration.
“There should have been a silent memorandum to the NDC detailing what has been discussed and agreed, for them to have a look at it and incorporate it in the budget.”
He further stressed, the past government should have initiated a debate for the implementation of the policy in October last year before its implementation.
Mr. Maafo however,advised the new administration to quickly negotiate with workers in order to have a common ground in the implementation of a policy which the economy could sustain.
Listen to excerpts of the interview with Hon. Yaw Osafo Maafo in the attached audio
Story by Nathan Gadugah
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:
Latest Stories
-
We must renew our pledge to uphold values enshrined in the 1992 Constitution – NCCE
3 minutes -
Daily Insight for CEOs: Navigating political transitions – strategies for business stability
7 minutes -
Bawumia supports Kantamanto traders with GHȼ200,000; pledges to install CCTV Cameras to enhance security
13 minutes -
Our business policies will foster growth of private sector – President Mahama
41 minutes -
Opoku-Agyeman’s ascension not merely a political triumph, it signals our commitment to gender equality – Mahama
41 minutes -
I’ll have humility to take responsibility for challenges and resolve them – Mahama
52 minutes -
This is an opportunity for new governance – President Mahama
1 hour -
I’ve got no doubt your administration will bring about positive change – Tinubu to Mahama
1 hour -
I am here to walk with you; don’t hesitate to reach out – Bola Tinubu to Mahama
1 hour -
Bola Tinubu urges Africans to resolve disagreements through dialogue, not conflict
1 hour -
You have been a worthy opponent – Mahama tells Akufo-Addo
2 hours -
‘Today marks a new beginning, we shall reset Ghana’ – Mahama to Ghanaians
2 hours -
Mahama vows to focus on public health to mitigate future pandemic risks
2 hours -
Your voices will matter – Mahama to Ghanaians
2 hours -
Alan Kyerematen advocates establishment of 2bn dollar market infrastructure development fund
2 hours