The government has imposed a moratorium on all foreign travel for all its appointees, the Minister for Finance, Ken Ofori-Atta, announced today (Thursday 24 March 2022).
Addressing the country on measures being taken to tackle the economic challenges facing Ghana, Ofori-Atta said: “With immediate effect, the government has imposed a moratorium on all foreign travel, except pre-approved critical/statutory travel.”
He said the move is one of a raft of measures to cut spending and help lift the burden of economic hardship weighing down the country.
Ofori-Atta also said the government will save about GHC3.5 billion from the 30% salary cut to be borne by ministers and heads of state-owned enterprises.
The minister added, “With regard to savings, in terms of our initial calculations of all of that [the salary cut] will be about GHC3.5 billion that we expect to be able to save. But we’ll keep titrating and tightening it to ensure that we get as much [as we can] from that.”
Cabinet earlier approved a proposal that ministers and the heads of state-owned enterprises contribute 30% of the salary they earn between April and December 2022 to the Consolidated Fund.
Members of the Council of State have also agreed to a 20% cut in their monthly allowance for the next year to support efforts aimed at stabilising the economy.
According to members of the Council of State, the contribution is their widow’s mite toward the overall effort being made by the government to spur economic recovery.
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