President Akufo-Addo has announced the continuation of the policy to cut down on the salaries of all his appointees including himself and his vice by 30%.
Delivering an address on tge current state of the economy, he said the cut would also affect SOE appointees.
He said “We have decided also to continue with the policy of thirty percent (30%) cut in the salaries of political office holders including the President, Vice President, Ministers, Deputy Ministers, MMDCEs, and SOE appointees in 2023.
We will continue with the thirty percent (30%) cut in discretionary expenditures of Ministries, Departments and Agencies.”
In June this year, President Nana Addo Dankwa Akufo-Addo announced that he had slashed his salary by 30% with immediate effect due to current economic difficulties.
Speaking as the guest of honour at this year’s Eid Al Adha prayers in Accra, the President also announced a 50% cut on fuel for government machinery.
Meanwhile, the President has also posited that his administration would review the reforms in the energy sector, capping of statutory funds, implementation of the exemptions Act and a new property rate regime.
“We are aiming to restore and sustain macroeconomic stability within the next three (3) to six (6) years, with a focus on ensuring debt sustainability to promote durable and inclusive growth while protecting the poor.
My fellow Ghanaians, the success of our efforts at diversifying the structure of the Ghanaian economy from an import-based one to a value-added exporting one is what will, in the long term, help strengthen our economy.
We are making some progress with the 1D1F but our current situation requires that we take some more stringent measures to discourage the importation of goods that we can and do produce here,” he added.