Former president John Dramani Mahama, the country’s graduates would face a catastrophic scenario as a result of the government’s decision to halt recruiting in the public sector, which was stated by the finance minister in the 2023 budget.
According to Mr Mahama, the government’s determination to take this action is the outcome of careless spending and poor economic management.
Speaking on Saturday at the 13th Accra Business School Congregation, he said, “Unfortunately, parastatals that were thriving a few years ago have been run into the ground by political appointees who have mismanaged the affairs of the state-owned enterprises. These constraints further the ability of the public sector to employ.
“Let me put our situation in a better context. Compensation cost for 2022 was estimated at 55.3 per cent of tax revenue, which means off all the taxes we collect we spend 55.3 per cent to pay wages and salaries for the public sector alone, amortization and interest payments consumed the rest of our taxes,” the former president said.
He added, “the situation has compelled the government this year to announce a freeze or a ban on public-sector employment. This makes the situation rather dire for you…unfortunately, due to mismanagement and reckless expenditure by the government over the last five years, the private business environment is also in a very poor state today.”
Source: Mybrytnewsroom.com/Joseph Asare
