President Nana Addo has announced he has reduced his salary by 30% as a result of the economic crisis in the country.
Nana Addo has also said government machinery have cut 50% on fuel. All these are efforts to minimize government expenditure and help the country survive through the current economic hardships.
The 30% salary reduction affects all ministers and government appointees. Mr. President announced this yesterday, July 9, 2022, at Independence Square for Eid-ul-Adha celebration.
Sharing his statement;
We are all going to have to make some sacrifices to afford us the space to navigate the troubled waters of the current economic difficulties. The expenditure of ministries, departments, and agencies has been cut by 30%. The salaries of all appointees including myself have been reduced by 30 %. Fuel coupon allocations have been slashed by 50 % and other expenditures suspended.
Nana also announced that the government has reduced the allocation to metropolitan, municipal, and district assemblies (MMDAS) for the first quarter of 2022 by 20 %.
According to Nana Addo, the government is facing the most difficult economic times as a result of COVID-19 and Russian-Ukraine war, hence all citizens should bear with it for now.
He also pleaded with teachers to call off the strike and return to the classroom as negotiations continue.
