28.2 C
Accra
Thursday, August 29, 2024
BusinessOrganised Labour revises demand for base pay increment to 65%

Date:

Organised Labour revises demand for base pay increment to 65%

Ghana’s Organized Labor has requested that the government boost the base salary for employees of the public sector from the initial 60 percent proposal to 65 percent.

This was brought up during the fourth round of pay negotiations with the government on November 30, 2022.

However, the discussion ended without a resolution since the parties were unable to come to an understanding.

According to Isaac Bampoe Addo, Executive Secretary of the Civil and Local Government Staff Association of Ghana, the increase in taxes suggested in the 2023 Budget Statement and Economic Policy is the reason for the new amount.

“Our demand is reasonable looking at the new tax increments in the 2023 budget,” he said.

“We have realised that some of the decisions made by the government won’t help our members if we take the 60 percent – take for instance, the increment of VAT by 2.5 percent,” he added.

He emphasised that they would not take anything below a 60 percent rise.

However, the government in the meeting proposed an 18 percent increment.

At the previous negotiations, the government offered a 15 percent rise, saying the highly-indebted economy could not sustain a higher wage bill.

Will you vote in the 2024 general election?

Latest stories

Have you drunk urine before? – Angry NPP supporter quizzes Dumelo

An outspoken supporter of the New Patriotic Party (NPP)...

Mark my words, NDC will come back – Mahama

The flagbearer of the National Democratic Congress (NDC), John...

Dede Ayew misses out on Otto Addo’s squad again – Coach explains

Black Stars head coach Otto Addo has clarified his...

KNUST student loses life in ‘galamsey’ pit during a rescue attempt

A final-year student from Kwame Nkrumah University of Science...

Related stories

Imported inflation declined by 1.9% to 15.6% in July – Finance Minister

Inflation for imported items in Ghana declined by 1.9...

Ghana’s debt reaches GHS761bn due to cedi depreciation – Finance Minister

Ghana’s provisional nominal central government debt reached GH¢761.1 billion...

Collateral registrations increase sharply in Q2 of 2024 – BoG

Bank of Ghana has reported that the second quarter...

Close to GHS500m was lost due to ransomware attack – ECG boss confirms

Managing Director Samuel Dubik Mahama, has clarified that Ghana’s...

ECG begins replacing old meters with smart meters

Electricity Company of Ghana (ECG) has launched a project...

IC securities projects August inflation to increase to 21.8%

IC Securities has forecasted that the inflation rate will...