President John Dramani has announced a new set of policies to manage the renumeration framework of state institutions with the establishment of an Independent Public Emoluments Commission.
The President spoke at the State Interests and Governance(SIGA) Governing Boards and Chief Executive Officer’s(CEO) Conference.
He said the Commission will have oversight on the allowances and salaries state institutions pay their workers.
The President says the rules have changed. According to him, renumerations should match competence and productivity. A state institution which does not deliver is not entitled to receive bonuses or allowances.
“We must progressively establish a system in which renumeration reflects enterprises financial health, its productivity, achievement of targets, quality of service delivered, physical sustainability, and broader value created for the state and the Ghanaian people,” the President said.
He emphasized the move is to strengthen accountability and ensure value for money. The President stated that high performing enterprises and their leaders should be appropriately recognised.
According to him, poor performance must not continually be rewarded without consequences. He said profit should equate renumerations as it will not be “fair to your shareholders to have salaries and allowances systematically increased even in chronically loss making enterprises.”
He therefore urged all state enterprises to cooperate with the SIGAand the Fair Wages and Salaries Commission on the new Independent and Public Emoluments Commission.
The President stressed that the cooperation must include, “a timely submission of accurate information on compensation, condition of service, financial performance and other relevant institutional data.”