5 Major Reasons Labour Unions Want Minimum 60% Salary Increase, According To TUC, That Needs Members Support

5 Major Reasons Labour Unions Want Minimum 60% Salary Increase, According To TUC, That Needs Members Support

Highlights

1. It is now a known fact that the government wanted to use only one week before the presentation of the 2023 annual budget to negotiate the base pay increase for public sector workers.

2. Obviously, that attempt failed to conclude on any percentage increase.

3. Interestingly, labour unions have shifted their position of a minimum 60% salary increase to 65% based on these five (5) major reasons.

a. First and foremost, the budget statement hinted at a change (mostly an increase) in the tax brackets for income earners that will mostly affect formal sector workers.

b. The budget also increased by 2.5% the Value Added Tax (VAT) the value of Tax, which will further squeeze a little more from the pockets of Ghanaians.

c. Also, the Single Spine Salary Structure (SSSS) has been reduced in value, nearing the levels before the introduction of SSSS due to the fact that salaries have been increased mostly below inflation rates over the years.

d. Worth noting is the fact that article 71 holders in the country have the luxury of increasing their own salaries beyond 60%, creating second-class citizens in the country.

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e. Moreover, institutions in the country responsible for collecting revenues are rewarded further for beating their annual targets, which reveal the fact that the state of the economy is not much of inability to collect revenue.

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