• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business

Make realistic demands of gov’t – Bokpin tells labour unions

4 years ago
in Business, Features, highlights, Home, home-news, latest News, Markets
2 min read
0 0
0
221
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Make realistic demands of gov’t – Bokpin tells labour unions

Economist and Finance lecturer at the University of Ghana Business School (UGBS) has advised organized labour unions in the country to make realistic demands of government with respect to salary and allowance increments.

According to Mr Bokpin, demand by organized labour unions for government to increase base salaries by 19.4% to reflect the current inflation rate might be too much for the government to take on.

“You (labour unions) also have to look at what the economy can afford; whether the government has the fiscal space to be able to load on all of that…that will be very helpful rather than just saying that let’s strictly use the inflation, let’s say 19 points so per cent and all of that,” he said speaking in an interview on Newsfile monitored by norvanreports.

He noted that realistic considerations by organized labour unions should be made to ensure the state is able to meet demands of organised labour because the economic outlook beyond this year is likely to decelerate.

He was however, quick to add that, government must as a matter of urgency engage labour unions over their salary and allowance concerns.

Further asserting that, although government does not have the enough fiscal space to address these concerns by the labour unions, there could be some adjustments that the government would want to do by engaging with labour.

RelatedPosts

Businesses Flock to Ethiopia’s Newly-Opened Banking Market

Among Africa’s Top Performing Currencies — the Zambian Kwacha

PIAC Urges Increased Investment in Petroleum Sector as Ghana Projected to Capture 20% of West Africa’s $80bn Oil and Gas Market by 2033

Adding that, in government’s engagement with labour unions, discussions must lead to full disclosure of roadmaps and interventions being implemented by the State to alleviate the plight of public and private workers.

Speaking further on the issue, the economist noted that the blame of poor remuneration and economic challenges on the Russia-Ukraine crisis and Covid-19 is not the true reflection of issues asserting that, “if you look carefully, you see that though external factors are pushing some of these things, the bulk of that is also a reflection of domestic policy failure.”

“What makes it a bit difficult for government right now is because of how they pressed the fiscal accelerator in the Covid times.

“The Covid spending took the deficit to a high level because we were just coming from one crisis or the other – from energy crisis, financial sector crisis, and then we walked straight into the pandemic,” he stated.

Mr Bokpin’s assertion is in view of the ongoing strike action by organized labour unions and the demand by the Trade Union Congress (TUC) for government to adjust workers’ basic salary to meet the rising levels of inflation, something they say is making it difficult for them to meet their basic needs.

Source: norvanreports
Tags: Covid-19ghanaMake realistic demands of gov’t – Bokpin tells labour unions
No Result
View All Result

Highlights

BoG Reviewing Consumer Recourse Mechanism to Address Gaps in Complaint Redress System, Says 2nd Deputy Governor

A Look at the Opportunities and Challenges as North America Gears Up for the 2031 Women’s World Cup

Black Stars Nominated for National Team of the Year at 2025 CAF Awards

Parliament to Hold Special Hearings on Extractive Industries’ Impact on Jobs and National Development

Ghana’s Economy Ranked Among 14 African Economies at High Risk of Short-Term and Commercial Vulnerability

Dangote Plans Refinery Upgrade to Dethrone India and Lead the Global Refining Market

Trending

Business

Businesses Flock to Ethiopia’s Newly-Opened Banking Market

October 22, 2025

Businesses Flock to Ethiopia's Newly-Opened Banking Market Ethiopia is opening its banking sector to foreign players for...

Among Africa’s Top Performing Currencies — the Zambian Kwacha

October 22, 2025

PIAC Urges Increased Investment in Petroleum Sector as Ghana Projected to Capture 20% of West Africa’s $80bn Oil and Gas Market by 2033

October 22, 2025

BoG Reviewing Consumer Recourse Mechanism to Address Gaps in Complaint Redress System, Says 2nd Deputy Governor

October 22, 2025

A Look at the Opportunities and Challenges as North America Gears Up for the 2031 Women’s World Cup

October 22, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.