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Crisis-hit Ghana increases public servant salaries by 30%

Crisis-hit Ghana increases public servant salaries by 30%

GHANA'S government and trade unions agreed to increase all public servants' salaries by 30% for 2023, they said in a joint statement, as the country struggles to reduce debt and tackle rampant inflation. The West African gold, oil and cocoa producer is battling its worst economic crisis in a generation. The local cedi dropped heavily against the dollar last year as government spending cuts and central bank interest rate hikes failed to tame inflation, which rose to a new high of 54% last month. Trade unions representing public service employees started negotiating salary rises with the government in November, a few months…
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