When this government runs to the International Monetary Fund (IMF) for a bailout, it should not surprise you because the finances of this country has gone into the payment of Ex-gratia.
No wonder we are where we are today, the IMF, seeking for a bailout on our economy because the amount of which was paid out as ex gratia to the president and ministers in the period 2017-2021 is unbelievable.
The president of the Republic, Nana Addo Dankwa Akufo-Addo received GHS 659, 392.00 as Ex-gratia payment. His Vice, Dr Mahamudu Bawumia received GHS 549, 492.00.
One may ask what an Ex-gratia payment is?
An ex gratia payment is an amount of money that you would receive by your employer as a termination payment when you have left your employment. Such a payment is over and above what you are entitled to be paid under your contract of employment, so for example, it would not include your notice or holiday pay.
An ex gratia payment therefore usually represents a “good will” sum without any obligation by your employer to pay this.
Furthermore, Cabinet Minister-MP and Cabinet Minister-non MP received GHS 464, 032.00 and GHS 457, 928.00 as Ex-gratia respectively.
It will interest you to know the rest of ex gratia payment received by the others and after seeing them you will understand why Ghana has run to the IMF.
Content created and supplied by: Lawrinda (via Opera
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