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Finance and Economic Planning Minister, Seth Terkper, who just finished presenting the 2014 Budget statement and Economic Policy of the government in Parliament, has announced that the President, His Excellency John Dramani Mahama, his Veep, Paa Kwesi Amissah Arthur, together with Government Appointees and Ministers of State will take a "a voluntary 10% pay cut" next year. He further revealed that "the amount to be deducted will be channeled into maternal health". According to him, this move is to demonstrate leadership and several efforts being put in place to solve the ballooning wage bill of public sector workers due to the implementation of the Single Spine Salary Structure. �Single Spine Salary Structure is imposing severe strain on the economy but government, employers and organized labour are continuing negotiations on how to solve it....We believe we are of one mind and therefore we are determined that the public sector wages will not put a strain on budget�to demonstrate leadership, the president, his Vice, appointees and ministers of State have decided to take a voluntary 10% pay cut in 2014...the amount to be deducted will be channeled into maternal health,� Hon Seth Terkper said. Announcing plans to transform Ghana into a fully-fledged middle income economy, the Finance Minister stressed that the 2014 budget is reflective of the current lower middle income status of the economy, thus making transformational changes in revenue mobilisation and expenditure. More soon...