Finance Minister Ken Ofori-Atta says the Akufo-Addo government will soon hand over the management of public sector payroll to a third party in order to achieve efficiency.
Currently, the Controller and Accountant General’s Department is in charge of handling all public sector payrolls.
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Presenting the mid-year budget review to parliament on Thursday, Mr Ofori-Atta told the house that: “Mr Speaker, as a way to ensure an efficient payroll management system, which then guarantees cost reduction, quicker payroll processing, data and cost validation, accountability payment validation and improve overall efficiency, government is currently evaluating options to outsource the payroll processing for its employees”.
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The minister said the move was aimed at addressing “public sector wage bill [concerns] and its crowding out effect on public expenditure”, with the overall goal being the achievement of a “convergence criteria of 35 per cent wage bill to tax revenue in the West African Economic and Monetary Union from the current 48 per cent”.
