1d ago•2 min read
Ghana's wage bill consumes 44% of tax revenue, forcing government to borrow to pay salaries - Finance minister reveals
Summary
Ghana's wage bill is eating up tax revenue, but what drastic measures will the government take to remedy the situation?
Ghana's Finance Minister, Dr. Cassiel Ato Forson, met with President Mahama and organised labour to discuss the country's finances. The Minister outlined the pressure of public sector wages on the government's ability to fund other critical expenditures - and the situation may be more dire than previously thought.