-You Can’t Believe It!

…BoG Governor alone earns over 1.2billion cedis a month!

Almost five months into the Presidency of Nana Addo Dankwa Akufo-Addo, there seems to be a gentrification in public sector salaries, as the government swoops on stipendiums of lower ranking staff, while chief executives swim in money.

And so it is that while some employees of the Youth Employment Agency have had their allowances frozen for five months and the President has pleaded with the University Teachers Association of Ghana (UTAG) to continue chomping the bread of sorrow because the national treasury is empty, the Governor of BoG alone earns over 1.2 billion cedis a month!

The Bank of Ghana boss’ monthly salary is GHc124,100 (one billion, two hundred and forty one million old cedis).

Commissioner General of the Ghana Revenue Authority (GRA) is on a monthly salary of GHc102,102 (one billion, twenty one million and twenty thousand old cedis) while the Director General of Social Security and National Insurance Trust (SSNIT) earns GHc88, 606 a month (eight hundred and eighty six million, six thousand old cedis).

At the Ghana Cocoa Board (COCOBOD), the Chief Executive is paid GHc75,102, while of the eight other managers of the same Board, the least earns GHc44, 390 every month.

The Bank Manager of Agricultural Development Bank is on a monthly salary of GHc69,707, while the Manager of the National Investment Bank is paid Ghc66,666.

For Ghana Commercial Bank, the Manager’s monthly salary is Ghc59, 203.19.

The Chief Executive of the Bulk Oil Storage and Transportation (BOST) earns GHc74,203.19, while the Chief Executive Officer of the Tema Oil Refinery is paid GHc58, 203.91 a month.

At the Economic and Organized Crimes Office, the Executive Director is paid GHc66,909.66 a month, while the Director of the Bureau of National Investigations earns GHc67,909.66 monthly.

The Chief Executive Officer of the Volta River Authority is paid GHc79,997 a month, while the CEO of the Electricity Company of Ghana is paid GHc69,909 a month.

At the Ghana Broadcasting Corporation, the Director General is paid GHc49,999.69 a month.

Chief Executive Officer of the Driver Vehicle Licensing Authority earns GHc52,303 a month, while the National Security Coordinator is paid GHc79,990. The NSC, in addition, is given a daily unaccountable imprest of GHc710,970.

At the National Service Scheme, where a recent ghost names scandal revealed that the Executive Director was a principal part of bloating the payroll of the scheme with the names of non-existent staff to steal money, the Executive Director earns GHc47,770 a month.

The Operations Manager of the National Food and Buffer Stock Company is paid GHc39,999.99 a month, while the Managing Director of the Ghana Oil Company (GOIL) earns GHc59,777.12 a month.

The salaries of other CEOs have not been available but what is currently available alone has served to clearly indicate the burden on the national treasury.

These Executives have Deputies, some as many as four, that are also paid huge sums in monthly salaries.

In addition to the juicy cash rewards, the heavy incentives that come with the top government positions, like the foregoing, include free top of the range vehicles (as many as five per person in some cases) and domestic staff, including cooks, gardeners, drivers and personal security officers.

The jobs also come with free accommodation, free fuel, free electricity, free water, free phone usage, clothing and entertainment allowances, among others.

These are just some 20 of top government CEOs that are earning fat under the Presidency of Akufo-Addo.

The President’s own appointment of some 110 Ministers has not come yet.

Even so, a recent crusade by the government to sanitize the government purse saw the suspension of the paltry allowances of employees under the Youth Employment Agency.

Some 29,000 employees too recently had their salaries frozen by the Finance Ministry, ostensibly as ghost names, only for the Finance Minister to later announce that the 29,000 were not ‘ghosts.’

Many have questioned why the Akufo-Addo regime has an uncanny penchant to clamp down on the stipend earning lower rank employees of the government, while the big players enjoy their wicked indulgence without any perturbation whatsoever from the government.

As President Akufo-Addo pays these huge salaries to these top CEOs of the government, the man had the temerity to beg members of the University Teachers Association of Ghana to abandon intent to strike for better conditions of service and keep on chomping bread of sorrows.

“There are some things that should be easy to deal with but will prove difficult for sometime to come largely because there is no money.

“The economic situation my government and I inherited was not the best; both in terms of the growth of our economy and the balances available in the public treasury. Many of the problems you are putting here are the results of a poor office treasury,” the President had recently told UTAG.

Many have asked why the President cannot cut down on the huge salaries of the many CEOs heading government institutions and nourish the pays of lower level staff of the public sector with such cream-offs.

After all, this is the same man who urged the predecessor Mahama regime to collect the Ghc52million judgment debt money from businessman Alfred Agbesi Woyome, saying such a collection would solve the problems of the Ghanaian economy.

Interestingly, since coming into office, Akufo-Addo has not made any attempt to collect the money himself.0.



The Republic News Online

Leave a Reply

Your email address will not be published. Required fields are marked *