Inflation
March 2017
12.80%
Payment of Salary Arrears of Government Employees

The attention of the Ministry of Finance has been drawn to rumours currently circulating to the effect that all workers with salary arrears would only be paid three months’ salary arrears irrespective of the number of months owed. As part of Government’s measures to improve and control the management of the payroll and ensure that only deserving staff are paid genuinely earned salary arrears,  the Ministry of Finance issued a directive in November, 2013 to all Ministries, Departments and Agencies (MDAs) stipulating the procedure for payment of arrears. (May 15, 2014)

FSB Regional Consultative Group (RCG) Meets In Accra

The fifth meeting of the Financial Stability Board (FSB) Regional Consultative Group (RCG) for sub-Saharan Africa has taken place in Accra. The FSB RCG for sub-Saharan Africa is co-chaired by Lesetja Kganyago, Deputy Governor, South African Reserve Bank and Rundheersing Bheenick, Governor, Bank of Mauritius., while its membership includes financial authorities from Angola, Botswana, Ghana, Kenya, Mauritius, Namibia, Nigeria, South Africa and Tanzania, as well as the Central Bank of West African States (BCEAO) based in Senegal. (May 8, 2014)

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