The Chief Executive Officer of the Fair Wages and Salaries Commission (FWSC), Mr. George Graham, has advocated for the adoption of an hourly wage payment system across all sectors.
He believes this approach would enhance fairness and transparency in compensation, especially for casual workers.
According to Mr. Graham, implementing such a policy could boost disposable incomes, formalize the informal labor market, and broaden access to social protection mechanisms—all of which could contribute to stimulating economic growth.
He made this recommendation during a familiarization visit by the Parliamentary Select Committee on Employment, Labour Relations, and Pensions to key institutions, including the FWSC, the National Pensions Regulatory Authority (NPRA), and the Management Development and Productivity Institute (MDPI).
At the NPRA, officials briefed the Committee on current policies that permit individuals aged 50 and above, who are permanently unemployed, to access their tier-2 pension funds—provided there is verification from their former employer and approval from the Labour Department.
Additionally, NPRA CEO Chris Boadi-Mensah proposed raising the retirement age from 60 to 65 to enhance the long-term sustainability of the pension system and address potential loopholes.
Meanwhile, Professor Elijah Yendaw, Director General of MDPI, outlined key challenges facing the institute, including inadequate office space and limited opportunities for staff training. He emphasized that with the right investment and support, MDPI—backed by its experienced workforce—could play a pivotal role in achieving national development objectives.
The Chairman of the Committee, Hon. Joseph Appiah Boateng, stated that the purpose of the visit was to evaluate the current operations of these institutions, identify challenges, and help shape policies to improve service delivery and operational efficiency.
