[ 2017-03-29 ]

Percival Kofi Akpaloo,Former flagbearer of the defunct Independent People’s Party

Nothing wrong if COCOBOD CEO earns GH¢70,000 a month - Akpaloo
Former flagbearer of the defunct Independent
People’s Party (IPP) now Liberal Party of Ghana
(LPG) Percival Kofi Akpaloo believes the
beleaguered former COCOBOD CEO Dr Stephen Kwabena
Opuni deserves the GH¢70,000 monthly salary.

He wondered why the technical trainer of the Black
Stars will earn $50,000 a month but same cannot be
said about the head of an institution like
COCOBOD.

“If you want to be fair and sincere do a
background check as to how much CEOs from
Vodafone, MTN, Stanchart, etc are earning in
Ghana. You will find out there’s nothing wrong
paying a CEO of COCOBOD $15,000 a month.

Let’s move away from pettiness politics”, he
told mynewsgh.com in an exclusive interview.

The new Board Chairman of the Ghana Cocoa Board
(COCOBOD), Hackman Owusu-Agyeman, on Tuesday made
revelations about how much the CEO of COCOBOD
receives as monthly salary describing it as
“outrageous” which ought to be slashed.

“COCOBOD is a state institution. It cannot be
taken out of the context of the overall
remuneration structure and within the executive
and those ancillary services,” Mr. Owusu-Agyeman
asserted on Citi Eyewitness News.

Mr. Owusu-Agyeman has indicated that even after
the planned cut in salaries, some of the top
management will still earn more that the highest
paid article 71 office holders which is pegged at
GH¢ 22,000.

“For me, it is absolutely unthinkable that the
gross salary of the Chief Executive Officer should
be in the neighbourhood of GH¢70,000 to GH¢
75,000 a month, and the net is about G GH¢55, 000
to GH¢ 57,000 a month.

If you even discount this by 50 percent, it would
still be higher than anybody under article 71 of
the constitution,” he noted.

The new COCOBOD Chair said the fact that the
salary of the COCOBOD Chief Executive Officer
dwarfed the President’s salary was problematic
given that “at the end of the day, we have to be
able to say that the work that is being done is
getting reasonable levels of remuneration
commensurate with the work that they do, and also
within the context of the Ghanaian economy.”

Source - mynewsgh.com

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