Ministers, Heads of SOEs to contribute 30% of salaries to consolidated fund – Finance Minister

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Cabinet has given approval for Ministers and Heads of State Owned Enterprises (SOEs) to contribute 30 percent of their salaries from April to December 2022 to the Consolidated Fund.

The Minister of Finance, Ken Ofori-Atta, who announced this today [Thursday, March 24, 2022] at a press conference in Accra, commended the Council of State in their leadership in complimenting the government on this policy.

The said the measure, part of other measures taken by the government, will help to generate revenues internally to help run the country’s economy, which is aimed at restoring the economy to the pre-COVID-19 era.

He explained further that as part of the new measures to ensure prudent use of the country’s limited resources, government will “prioritise ongoing public projects over new projects.”

For Mr Ofori-Atta, the decision to prioritise ongoing public projects over new projects will “enhance the efficient use of limited public funds over the period by finishing ongoing or stalled but approved projects.”


Source: graphic

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Kennedy Mornah is an Award Winning Ghanaian Journalist with over two decades of experience in the Ghanaian Media landscape spanning the electronic, print and digital media. He is a Media Consultant, a Corporate MC, Radio and TV Host, Founder and Publisher of the Maritime and Transport Digest Newspaper, Businessman, a Go getter and an optimist. He has worked for renowned media organizations including Diamond Fm in Tamale, Luv Fm in Kumasi, Oman Fm in Accra and Starr Fm in Accra In 2017 he received the Reporter of the Year Award at the Ghana Shippers Awards in Accra, Ghana.

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