Skip to main content

Govt. reveals plan to “create a cleaner and leaner wage bill”



By: Mathias Amoah (Daily Express)

Government has disclosed its intention to lay before cabinet, more systematic set of policy measures that will remove fraud and create a cleaner and leaner wage bill.

This move is to pave way  for the introduction of  the better management of the payroll going forward.

According to President John Mahama, several initiatives have been undertaken and are underway to tighten expenditure controls and address any leakages in the management of public expenditures.

“We know there is a lot of waste in the public sector. We are dealing with this consistently in order to improve services to our citizens”, he said at a one-day Ministers’ retreat yesterday.

The retreat which was under the theme “understanding government’s relations with the IMF”,  was to enlighten the  ministers and their deputies, presidential staffers and high hierarchy of National Democratic Congress (NDC) on government’s  position on IMF  programme.

The President said the meeting was also aimed at triggering discussions on the implications of a possible fund programme for the budget 2015 and government’s  medium term development plan.

“It is also meant to achieve the objective of setting out Ghana’s current economic reality and identify the constraints as well as the opportunities for our economic development”, he said.

He explained that government’s decision  to  move in for an IMF support programme was informed by a  careful and thorough deliberations against the backdrop of a series of policy measures his outfit  had already initiated.

“ In July,  I took a decision for Ghana to initiate discussions with the International Monetary Fund after extensive consultations especially with the Presidential Advisory Group on the Economy”, he said, adding that ……..government has painstakingly engaged in thorough series of policy measures aimed at stabilising and consolidating our macroeconomic environment and restoring confidence in the economy”.

Expressing optimism that  the Dr Kwesi Botchey led delegation would give  the country  a better leverage in terms of  negotiation with the Bretton Woods Institution, President Mahama said he remains  focused on fixing the short-term bottlenecks to ensure that Ghana  can proceed to the bright medium and long term prospects on a more solid and sustainable foundation.

“I have gone at length to describe the composition of our negotiating team so that you are well aware of the fact that we do have a solid team under impeccable leadership and accessible to all members of government”, he said.

President John Mahama tasked Ghana’s team negotiating with the IMF programme to execute their mission as one team with a common consensus.

Comments

Popular posts from this blog

PIAC told to go to court to enforce recommendations

By: Fred Yaw Sarpong
sarpong007@gmail.com

The Public Interest and Accountability Committee (PIAC), the mandated body to monitor the use of Ghana’s oil revenues has been asked to go to court to seek strict compliance of the laws covering accountability of oil funds in the country.

According to Dr. Steve Manteaw, the Campaign Coordinator for ISODEC and a member of the PIAC , it’s time for PIAC as a body to consider going to court to compel institutions responsible for managing Ghana’s oil revenue to answers some questions concerning the expenditure of oil funds.

He pointed out that there are several recommendations made by the PIAC in its past reports on management of petroleum revenues, and a lot of these recommendations has received no positive response from the institutions concerned.

He disclosed this to the Daily Express at a three-day workshop on Interrogating the 2016 Semi Annual PIAC Report at Koforidua in the Eastern Region.

The workshop was organized by the Institute of Financ…

BoG shuts down two financial institutions

The Bank of Ghana has closed down two financial institutions in the country. This was after the central bank investigation revealed that the two companies were operating without approval.

The two companies were Agro Development Fund Services Limited (ADFSL) and Hebron Financial Investment Limited (HFIL).

The Daily Express gathered that the ADFSL was asked to stop operating after the central bank realized the institution had not been licensed to take deposit from the public.

A statement from BoG said the ADFSL continued to operate despite the orders from the Bank of Ghana. It however closed down ADFSL’s operation until further notice.

The Bank of Ghana said that the ADFSL is located at Asufufu, opposite the Sunyani Traditional Council in the Brong Ahafo region.

“The decision to close down ADFSL is in furtherance of section 20(2) (g) of the Banks and Specialized Deposit-Taking Institutions Act, 2016 (Act 930). Bank of Ghana has investigated ADFSL thoroughly and has concluded that its a…

Graphic Communication Group staffs petition GJA Election Dispute Adjudication Committee

Some staffs of the Graphic Communications Group have petition the Election Dispute Adjudication Committee of the Ghana Journalists Association (GJA) concerning their grievances covering issues affecting the association.
The staffs of the company seeks some clarification on the mandate of the current executives of the association.

BELOW IS THE FULL STATEMENT (Not edited)
Dear Sir,
DISPUTE ABOUT THE MANDATE OF THE EXECUTIVES OF THE GHANA JOURNALISTS ASSOCIATION AND THE LEGALITY OF THE GJA ELECTIONS OF 2017
We the undersigned write to place before you our grievances covering issues affecting the Ghana Journalist Association, and we hasten to add that our grievances are placed before you in furtherance of our constitutional duty under Article 11 (e) of the 2004 Constitution of the Ghana Journalists Association.
We first of all seek clarification on the mandate of the current executives of the Association to be in office and take decisions to affect the wellbeing and welfare of the Associ…