BUSINESS NEWS
Ban on dollarization of salaries, allawa still in force – FWSC to UTAG
The Fair Wages and Salaries Commission (FWSC) has reminded members of the Universities Teachers Association of Ghana (UTAG) that the ban on the dollarization of salaries and allowances is still in force.
The reminder comes because FWSC said in advancing their arguments in support of restoration of the value of lecturers’ remuneration to pre single spine pay policy, the university lecturers who are currently on strike over their salaries and allowances have made reference to the dollarization of salaries of senior members of staff during the Kufuor era.
Explaining what led to the cancellation of dollarization of salaries, FWSC said “following protracted negotiations and the frequent disruption of the academic calendar, the government agreed with the Standing Joint Negotiation Committee of the universities to develop a five-year roadmap to solve the problem and pay rates that are mutually acceptable.
“The roadmap then sought to improve the levels of remunerations of universities senior members to a minimum of the cedi equivalent of $1,500 by December 2008. The greed amount was to cover basic salary and various allowances.
“After the end of the road map (2004-2008) general increase in salaries approved by will apply to academic senior members.
“At a meeting held on 15 December 2011 to discuss the migration of academic members of public universities onto the single spine salary structure, it was agreed, among others, that ‘The migration brings to an end the dollarization of the basic salary, professional allowance and special book allowance of academic senior members of the public universities,’” FWSC explained in a statement.
The communique to that effect according to the statement was signed by the Chief Executive of FWSC and the National President of UTAG on the above stated date.
The statement stated that the dollarization of salaries and allowances, therefore, ceased with the migration of Senior Members of the Public universities onto the single spine salary structure and Government policy on the matter has not changed.
FWSC has, therefore, implored members of UTAG to respect the contents of the communique.
Source: Classfmonline.com
-
Lifestyle1 month ago
Road Safety Authority narrates how buttocks causes road accident
-
GENERAL NEWS1 month ago
Why 15 police officers stormed Owusu Bempah’s church – Kumchacha narrates
-
GENERAL NEWS1 month ago
Watch how Ibrahim Mahama rode Honda superbike to pay last respects to late friend
-
GENERAL NEWS1 month ago
How Offinso residents storm destooled queen mother’s house, demand for new chief
-
South Africa News1 month ago
Woman thrown out of a speeding taxi while on her way to work
-
GENERAL NEWS3 weeks ago
Deadly clash between youth and navy personnel results in two deaths at Tema Manhean
-
SHOWBIZ KONKONSAH3 weeks ago
Junior Pope’s Death: Video of John Dumelo refusing to join canoe for movie shoot over safety concerns resurfaces
-
News Africa2 months ago
‘Satanically dubious’ – SCOAN releases statement on BBC’s report about TB Joshua, church