President Akufo-Addo has said that despite the country’s economic difficulties, no employment losses have occurred.
His administration, he claims, has managed to keep every single public sector employee on the payroll.
Speaking at the 2023 May Day celebration, he stated that despite the outbreak of Covid-19 and its economic impacts, as well as the Russian-Ukraine war, no single public sector worker was laid off.
He emphasised that protecting incomes and pensions, in an era of economic crisis, is tied to increased productivity, enhanced revenue mobilisation, effective expenditure management, and, in particular, the effective and sustainable management of the public sector wage bill.
Mr. Secretary General, I agree with Organised Labour when it says “Protecting Incomes and Pensions in an Era of Economic Crisis is Our Responsibility”. This is evidenced by the fact that, over the course of the year, Government has kept every single public sector worker on the payroll.
There have been no job losses. Every public sector worker continues to keep his or her job. Even at the peak of the dual global health and economic crisis of the last three (3) years, Government ensured that no public sector worker was taken off the payroll as a result of the crisis. Government’s posture, today, is the same, even in the difficult times we find ourselves.
He said his administration has also managed to increase the minimum wage, base pay and pensions.
“We have demonstrated this through our commitment to increases in the national daily minimum wage, base pay, and pension payments, amongst others, in spite of their fiscal impact on the economy. Indeed, these increments have been made possible because Government is very empathetic towards the people, as it should be, and is very much concerned about their plight and the future of our country. In so saying, I am aware the Ministries for Finance and Employment and Labour Relations are working on the payment to the retirees of 2020. SSNIT has completed the computation, and has forwarded it to the Minister for Finance, who has assured me that it will be effected this year.”