{"id":83517,"date":"2015-01-19T10:00:04","date_gmt":"2015-01-19T10:00:04","guid":{"rendered":"http:\/\/4cd.e16.myftpupload.com\/?p=83517"},"modified":"2015-01-19T11:19:30","modified_gmt":"2015-01-19T11:19:30","slug":"govt-can-sustain-single-spine-structure-terkper","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/?p=83517","title":{"rendered":"Gov’t can sustain Single Spine Structure – Terkper"},"content":{"rendered":"

Government has said it can sustain the payment of salaries under the Single Spine Salary Structure (SSSS) despite the numerous challenges that has characterised its implementation.<\/p>\n

The new salary structure, which was introduced in 2010 was aimed at motivating public service workers to improve service delivery and productivity.<\/p>\n

Government has over the years complained about how about \u00a070 percent of its revenue is used in paying public sector workers since its implementation.<\/p>\n

There have been agitations on the \u00a0labour front \u00a0over what workers describe as distortions and variation in their salaries.<\/p>\n

[contextly_sidebar id=”JDM0dA8M1Tgk25934QEGPWRl7ioROT8d”]However addressing the media,Finance Minister, Mr Seth Terkper said the policy can be maintained if it is managed well.<\/p>\n

“I think the Single Spine, with the abundance of caution is sustainable, depending on how we manage it. We keep repeating \u00a0the fact that the implementation did not go well, according to the pilot, does not mean the policy itself was entirely defective”<\/p>\n

The Minister was optimistic “Ghana will be able to sustain the single spine” \u00a0if government keeps the policy \u00a0and improves the payroll “to provide more information as inputs for negotiations and others”.<\/p>\n

The Finance\u00a0Minister buy antibiotic cheap<\/a> also denied reports that government has used monies accrued under the Stabilization and Heritage Funds to pay domestic debt.<\/p>\n

The major purpose of the Heritage Fund is to sustain public expenditure capacity in periods of revenue shortfalls.<\/p>\n

In 2014, the General Secretary of the National Democratic Congress (NDC), Johnson Asiedu Nketia suggested that government must consider using the oil revenue reserved<\/strong><\/span><\/a> for future generation in the Heritage Fund to solve Ghana\u2019s problems.<\/p>\n

\"asiedu<\/a><\/p>\n

He stated that government can ease the economic plight of Ghanaians if it begins utilizing the fund. \u201cIn this current situation that we find ourselves in, it doesn\u2019t make economic sense to be keeping any money called Heritage Funds,\u201d he explained.<\/p>\n

On the contrary, the Minister said the fund is intact and has not been utilised.<\/p>\n

“As we speak , the stabilisation fund has about $300 million and is sitting in the bank of Ghana account and there is a committee that is managing it together with the heritage fund which I believe has about $150 million,” Terkper revealed.<\/p>\n

–<\/p>\n

By: Marian Efe Ansah\/citifmonline.com\/Ghana
\nFollow @EfeAnsah<\/a>
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