<\/p>\n
An economist and Professor of Finance, Godfred Bokpin, has said Ghana\u2019s current minimum wage for public sector workers is nothing to write home about, arguing that workers deserve more than what they are getting.<\/p>\n
In his view, the current wage is nowhere near what workers are supposed to receive.<\/p>\n
Ghana\u2019s daily minimum wage was revised with effect from January 1st, 2022, from GH\u00a212.53 to GH\u00a213.53.<\/p>\n
But Prof. Bokpin believes the amount is woefully inadequate.<\/p>\n
\u201cOur minimum wage is nowhere near minimum at all. The workers deserve more than this. Perhaps when we are going for negotiations we should go with data for comparison,\u201d he said.<\/p>\n
He made the remark during the Ghana National Association of Teachers\u2019 (GNAT) Investment Forum held at the University of Ghana on Wednesday, June 29, 2022.<\/p>\n
Regarding investments by the\u00a0Social Security and National Insurance Trust\u00a0(SSNIT), he noted that the investments have been running in the negatives over the past periods.<\/p>\n
He therefore urged the management of SSNIT to scale up their efforts in that area.<\/p>\n
\u201cThe returns of the investments have been negative and this is where I believe SSNIT should up their game,\u201d he said.<\/p>\n
He added that \u201cIn terms of pensions coverage, we are not doing badly at all.\u201d<\/p>\n
The Director of the SSNIT, Dr. John Ofori-Tenkorang, however, refuted the claim that their investments are running into the negatives.<\/p>\n
He rather stated that SSNIT is the best form of pension scheme any worker can get.<\/p>\n
\u201cThe SSNIT scheme is the best that you can ever get anywhere else as far as pensions is concerned, if you don\u2019t join to contribute you are harming yourself,\u201d he said.<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"
An economist and Professor of Finance, Godfred Bokpin, has said Ghana\u2019s current minimum wage for public sector workers is nothing to write home about, arguing that workers deserve more than what they are getting. In his view, the current wage is nowhere near what workers are supposed to receive. Ghana\u2019s daily minimum wage was revised […]<\/p>\n","protected":false},"author":1,"featured_media":1138706,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[72],"tags":[13734,2363,85,9304,9306,1869],"class_list":["post-1138704","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-bokpin","tag-deserve","tag-ghana","tag-minimum","tag-wage","tag-workers"],"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1138704","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/comments?post=1138704"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1138704\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/media?parent=1138704"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/categories?post=1138704"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/tags?post=1138704"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}