No huge salary increments for public sector till 2024 – Finance Ministry
The Finance Ministry said there is no money available to increase wages of workers
Jonas Danquah 
The Ministry of Finance says public sector workers must not expect any huge wage increments from now till 2024.
According to the Technical Adviser at the Ministry, Dr Samuel Nii Noi Ashong, there is currently no money to increase the wages of workers.
Dr Nii Noi Ashong said this during a discussion on the 2021 budget organised by the Ghana National Chamber of Commerce and Industry (GNCCI).
He noted that the impact of the COVID-19 pandemic has forced the government into tightening its belts.
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"If you look at the Budget, Covid-19 is not expected to abate until the end of 2023 and we’re all looking to be tightening our belts for a while and people should not be expecting huge wage increases in the course of the next few years. This is because we don’t have money to pay for it,” he said, as quoted by Myjoyonline.
“You’ll realise that between wages and compensations for employees and unencumbered domestic revenues. If you net up all the mandated transfers which are required by law, talk of GETFund transfers, National Health Insurance, District Assemblies Common Fund (DACF), the rest which is left is not enough to pay for wages and salaries, goods and service, social intervention programmes, that portion alone is not enough to pay for even wages and salaries.”
