IMF DEAL: GOVERNMENT TO REDUCE PUBLIC SECTOR COMPENSATIONS BY 0.5%

Government is targeting to reduce compensation of public sector employees by 0.5 percent of GDP. According to the government, it is undertaking what it describes as wage moderation to achieve the target. 

This is contained in the Ghana 3-year programme with the International Monetary Fund to achieve fiscal discipline and return the country back to economic growth. 

The document also says wages of public sector workers will be calibrated to ensure a balance between burden sharing, productivity, and capacity to pay.