Akufo-Addo slices compensation, that of deputies by 30%
President Nana Addo Dankwa Akufo-Addo has reported that his compensation and that of every one of his representatives have been cut by 30%.
The 30% cut likewise influences the use of services, legislative organizations and divisions.
Tending to Muslims at an Eid-Ul-Adha function on Saturday, July 9, 2022, President Nana Addo Dankwa Akufo-Addo showed that fuel coupon distributions had additionally been cut by half, as well as, different uses suspended because of the ongoing monetary difficulties.
He beseeched Ghanaians to forfeit to assist government with exploring through the wobbling economy.
"We must make a few penances to manage the cost of us the space to explore the pained waters of the momentum financial troubles. The use of services, divisions, and organizations has been cut by 30%. The pay rates of all representatives including myself have been diminished by 30%. Fuel coupon portions have been sliced by 50% and different consumptions suspended," he expressed.
He encouraged Ghanaians to hold on for him as he places in measures to settle the economy.
It would be reviewed that President Nana Addo Dankwa Akufo-Addo on Friday, July 1, 2022 trained the Finance Minister, Ken Ofori-Atta to start official commitment with the International Monetary Fund.
As per a press explanation located by GhanaWeb, the IMF backing will give a "equilibrium of installment support as a feature of a more extensive work to stimulate Ghana's work back despite difficulties incited by the COVID-19 pandemic, and as of late, the Russia-Ukraine emergency."
The International Monetary Fund (IMF) around the same time affirmed that the Government of Ghana had raced to them for a monetary bailout to settle the economy.
Reporting this on microblogging webpage - Twitter - on Friday, July 1, 2022, the IMF said it was ready to help Ghana to have a local financial program.
"We affirm Ghana authorities have been in contact to demand IMF support for a local monetary program. The Fund stands prepared to help Ghana and anticipates beginning starting conversations before long," the IMF expressed.
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