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Salary adjustment must go along with high productivity - Economist tells gov't | 3NEWS

Salary adjustment must go along with high productivity - Economist tells gov't | 3NEWS

An Economist, Dr Adu Owusu Sarkodie, has told the government to increase salaries of workers.

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“The government should increase salaries but that should be accompanied with production,” Dr Adu Sarkodie said.

The Trades Union Congress (TUC) has said the government must increase salaries of workers to meet the rising rate of inflation.

Inflation rate for March 2022 recorded 19.4%, the  (GSS) announced.

This means that in the month of March 2022 the general price level was 19.4% higher than in March 2021, the Government Statistician Professor Samuel Annim said at a press conference in Accra.

“Year-on-Year change in food inflation (five percentage points) between February 2022 and March 2022 is twice non-food inflation )2.5 percentage points),” he said adding that “Year-on-Year change in food inflation is almost twice the 12-month rolling average from April 2021 to March 2022.”

Inflation rates for four divisions in March 2022 [Household equipment and maintenance (18.5% vs. 8.5%) ; Recreation, Sports and Culture (17.0% vs. 8.4%) ; Personal Care and Miscellaneous Goods(17.0% vs. 8.5%) ; and Education Services(2.9% vs. 1.1%) ) are least twice the rates for the rolling average from April 2021 to March 2022.

Original Story on: 3News


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