Friday, March 23, 2007

Parliament passes Fair Wages Bill

Accra, March 23, GNA - Parliament on Friday passed the Fair Wages and
Salaries Commission Bill, which is aimed at meeting international best
practices in the labour market.
The passage of the bill would ensure equal pay for equal work and
eliminate adhoc wage and salary adjustments negotiations.A Finance
Committee report said: "The Commission, once created will be fully
responsible for ensuring fair, transparent and systematic
implementation of government public service pay policy..."
It would also undertake negotiations for the conditions of
service of public servants who are remunerated from the consolidated
funds.The bill provides for avenues to seek redress through the
Grievance Review Committee, the Board of Commission and the National
Labour Commission.
It would also create an atmosphere of industrial harmony with
the potential to attract investment into the country for
development.The House earlier passed the Banking (Amendment) Bill,
which would facilitate the establishment of International Financial
Service Centers in the country to provide international banking
services for customers resident in other countries than Ghana.The
benefits that the country would derive include inflow of foreign
deposits in foreign currency leading to foreign direct investment and
growth.

23 March 07