‘20% Increment in Salary of Teachers & Nurses is Equivalent to Employing 50,000 Workers for Five Years’ – Kusi Boafo
According to Kusi Boafo, CEO of the Public Sector Reforms, several labor organizations, particularly those representing teachers, have demanded a 20 percent cost-of-living allowance, which would require hiring nearly 50,000 additional public sector employees.
Mr. Boafo added, “If the Trades Union Congress’s (TUC) proposal is approved, the government may not be able to hire roughly 50,000 graduates for the next five years,” in an interview with Kwaku Dawuro on the Movement In The Morning show.
Because there is now no money available, the government will have to borrow to fund this, and we will have to utilize treasury notes with high interest rates.
As a result, I’m pleading with the public sector employees to temper their demands.
He contends that when public sector workers ask for pay raises, they are inadvertently asking for tax from the private sector and as a result shoulder the costs, making it hard for private sector firms to raise employee salaries.
However, he made it clear that while the government is unhappy with how the industry is currently performing, it is unable to terminate the employment agreements of some underperforming employees for fear that this will lead to political fallout and people blaming the government for their loss of jobs.
In addition, around ten percent of employees working in the public sector should be let go!