The strike is to protest government’s handling of their tier-2 pension contributions.

The unions include the Ghana Medical Association, the Civil and Local Government Staff Association, CLOGSAG and the Ghana National Association of Teachers, GNAT.

[contextly_sidebar id=”VT6k5oVkLTwlYlvd02JI7lRsqbUTYukf”]The unions are demanding that their pension contributions spanning 2010 to 2016, be transferred to their custodian banks rather than being kept in a temporary pensions account where it accrues no interests.

In July this year, the Public Relations Officer of CLOGSAG, one of the striking unions, Edmund Acquaye, threatened the union will take a critical action against government if their monies were not paid.

“We are asking the government to pay the monies that have been accrued by the Bank of Ghana that is in the temporary pensions account. What we are saying is that, since 2010 to 2016, contributors’ money have been kept at the Bank of Ghana which is yielding no interest,” he said.

Brouhaha over 2nd-tier pension: Govt sues striking unions

In 2014, the labour unions laid down their tools to make similar demands, and were sued by the National Democratic Congress (NDC), government, to end the strike that resulted in the partial or complete shutdown of most public institutions.

They challenged the Finance Ministry’s decision to use Pension Alliance Trust as a sole trustee of the second tier pension scheme for all employees on government payroll.

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By: Jonas Nyabor/citifmonline.com/Ghana

The post Labour unions threaten strike over tier-2 pension appeared first on Citi 97.3 FM - Relevant Radio. Always.

The President says compromising on government’s stance will negatively affect the country’s budget.

Speaking at an Africa-U.S business forum in New York on Wednesday, the President noted that, most labour unions take advantage of the sensitive election period to impress upon government to yield to their demands by embarking on series of unrests.

“We have a four-year term and anytime we are in an election year, there is pressure on government to open up the expenditure and so various professional groups are going on strike and are demanding more money and because we are in a sensitive period, government is compelled to yield to organized labour.”

He added that, government in the past gave in to such demands from labour and that negatively affected the economy; but it has taken a decision against such practice.

“What we have tried to do is to even out our spending on socio-economic infrastructure and to set the principle that if it is not in the budget, we are not going to pay and so excessive demands by labour are not going to be listened to,” he stated.

Presient Mahama’s comments come at a time when several labour unions including the Government Hospital Pharmacists Association (GHOSPA), Ghana Railway Workers Union, Colleges of Education Teachers Association of Ghana (CETAG), and staff of the Electoral Commission, have intensified demands for increased salaries and allowances owed them.

‘We won’t bow to pressure from labour unions – FWSC’

The Fair Wages and Salaries Commission (FWSC) has also said it will not give in to the demands from the labour unions. He said most of their demands were not consistent with the way the policy works.

The Head of Public Affairs for the commission, Earl Ankrah in an interview on Eyewitness News, accused some of the agitating unions of failing to go through the right procedures to have their concerns addressed.

‘2016 budget will not be overspent’

The President earlier in 2015, said government is committed to ensuring that it maintains its fiscal discipline, and not succumb to any election year pressures to overspend its budget.

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By: Jonas Nyabor/Citifmonline.com/Ghana

The post We won’t give in to labour demands – Mahama appeared first on Citi 97.3 FM - Relevant Radio. Always.