Business News of Friday, 21 February 2025
Source: www.ghanawebbers.com
Former Finance Minister Dr. Mohammed Amin Adam has challenged President Mahama’s assertion that the previous government “criminally mishandled” the economy.
In a Facebook post, he questioned how an economy described as mismanaged could afford substantial public sector salary increases—30% in 2023, 23% in early 2024, and 25% later in 2024 while still posting decent fiscal deficits.
He also asked what changed between December 2024 and February 2025 that now limits adjustments to just a 10% increase.
Meanwhile, President Mahama, speaking to organized labor on February 20, criticized the previous administration’s reckless fiscal management and stressed the need for tighter expenditure.
His government has approved a 10% salary increase for public sector workers effective January 1 and a 10% rise in the national minimum wage to 19.97 Cedis starting March 1, 2025.