GHANAIAN PRESIDENT, MINISTERS SLASH SALARIES BY 30% TO REDUCE GOVT SPENDING

Written by on March 25, 2022

Ghanaian President Nana Akufo-Addo and his ministers have cut their salaries by 30 percent under measures to reduce spending as the country struggles with higher fuel costs from the Ukraine crisis and stalled progress on a new tax, the government said on Thursday.

Finance Minister Ken Ofori-Atta announced that foreign travel by government appointees, except for critical missions, and the purchase of imported vehicles had been suspended with immediate effect.

He said the government hoped to save around $400 million through the measures.

Global fuel prices have hit all-time highs because of the Russia-Ukraine war, driving up costs of living and transport in a way that has hit West African countries like Ghana hard.


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