Skip to main content

SSSS takes off this July

By Solace AMANKWA
The Fair Wages and Salaries Commission (FWCS) has announced its preparedness towards the implementation of the Single Spine Salary Structure (SSSS) by July, this year.

To this end, the process of migrating salary data onto the SSSS has begun and the Controller and Accountant General’s Department (CAGD) has already started work to off-load salary data from the various public service institutions onto the SSSS.

In addition, a joint technical committee on the FWCS and CAGD has been established and is currently working to ensure smooth migration of all public institutions’ payrolls onto the SSSS.

The committee is using the current payroll data as reference point to map out existing payrolls of the various institutions onto the SSSS.

Government has however issued a white paper on the Single Spine Pay Policy (SSPP), stating its position on the policy and all the arrangements for its implementation by the set date.

The white paper indicated that the new pay policy would be implemented in phases over a five-year period from the commencement date, with the first six months dedicated towards resolving any outstanding issues to evolve a lasting pay administration arrangement.

The SSPP is a broad pay policy framework which has elements such as the SSSS, performance management system and productivity indicators, periodic job evaluation, market premiums and inducements.

The SSPP replaces the Ghana Universal Salary Structure (GUSS) and other forms of pay structure within the various public sector institutions in order to restore equity and transparency in public service pay administration.

According to the Chief Executive Officer of the FWSC, George Smith-Graham, the issuance of the government’s white paper, would pave the way for the commission to give meaning and effect to the new policy.

In addition, the FWCS has signed a Memorandum of Understanding (MOU) with organized labour on the modalities for conducting negotiations on the base pay and relativities.

The agreement is to enable full costing of the structure to be determined and also help in negotiating the base pay and relativities on the spine.

However, as part of its activities towards a successful implementation of the SSPP, the FWCS will soon launch a nationwide communication and sensitization programme to educate workers and the general public on the SSPP.

Comments

Popular posts from this blog

MTN Ghana & MTN MoMo CEOs win laurels at Ghana CEO Awards

  The Chief Executive Officer of MTN Ghana, Selorm Adadevoh ,   has been adjudged  CEO of the Year  –  Telecom  at the  2 nd  edition of the  Ghana CEO  Vision  and  Awards   held  in Accra. At the same event, the CEO of Mobile Money Limited (MTN MoMo), Shaibu Haruna was also adjudged CEO of the Year – FinTech Service Provider. Selorm  Adadevoh’s award  is in recognition  of  his   achievements   in the areas of   sustainability, leadership excellence, innovation and others  in the telecoms space  which  has contributed to  job creation to support the  growth of Ghana’s economy. Patrick Afari (r), General Manager, Supply Chain Management and General Services receiving CEO of the Year – Telecom Award on behalf of Selorm Adadevoh Receiving the award on behalf of Selorm, Patrick Afari, General Manager, Supply Chain Management and General Services ,  expressed appreciation to the organizers for the award. He  noted that  th e  award will go a long way to inspire MTN to do more for Ghanaian

EB-ACCION DISBURSES US$15 MILLION

By Fred SARPONG Ecobank-Accion (EB-Accion), a partnership between Ecobank Ghana Limited and Accion International has disbursed amount to the tune of $15 million to over 36,000 borrowers in Micro, Small and Medium Enterprises (MSMEs) sector in the country, since the institution was set up barely six months ago. Frances Adu-Mantey, the Managing Director of EB-Accion disclosed this to Business Week in Accra last week during the official opening of Accion Hub headquarters in Africa. The institution’s current portfolio stands at GH¢4 million. She stated that currently, EB-Accion have over 6100 customers who save with them throughout the four branches of the institution. According to her, in order to improve the services of the institution, Ecobank Share Services center will facilitate the technology aspect of the bank by networking all the branches of EB-Accion. Maria Otero, President and Chief Executive Officer of Accion International said that the center’s staff in Accra will provide supp

Amantin & Kasei Community Bank posts impressive growth, with over GH¢1m profit

 Amantin and Kasei Community Bank, at Amantin in the Bono East Region has posted impressive growth in all the performance indicators during 2022 financial year under review. The bank recorded profit after tax of GH¢1,055,662, representing 35.66% more over the 2021 figure of GH¢778.151. This achievement stemmed out of 49.24% gross income growth from GH¢8,143,526 to GH¢12,153,537. Total deposits of the bank went up by 36.20%, changing from GH¢50,959,848 in 2021 to GH¢69,405,591 in 2022. The bank increased loans and advances by 22.15% from GH¢14,128,017 to GH¢17,257,614. Total assets showed an appreciation of 29.32%, amounting to GH¢77,918,288 as against GH¢60,250,693 in the previous year. On the other hand, the bank posted a marginal increase in short term investments portfolio from GH¢24,439,761 to GH¢26,585,698, indicating 8.78% change. The Chairman of Board of Directors, Amantin and Kasei Community Bank, Dr. John Oduro-Boateng, disclosed this during the 18th annual general meeting of