The terms of the Stability Agreement allow the Government to take advantage of AngloGold`s considerable technical and financial strength to exploit the full potential of the Obuasia mine as soon as possible. AngloGold`s demonstrated ability to develop deep-sea projects will maximize the opportunity to develop low-level mining in Obuasi. The agreement also requires management to work with unions to minimize the use of temporary workers. And it includes guarantees on the use of internships, clinical internships, work experience and work activation measures, which state that there must be an “agreement on protocols” regarding these programmes. Disclaimer This document is a summary of the key elements of the Public Service Stability Agreement (ASSA). The agreement itself is more comprehensive and contains more details on some issues than is reflected here. Readers are advised to refer to the final text of the full agreement for more information. While these two provisions are well behind the reinstatement of overtime introduced for some civil servants under the 2013 Haddington Road agreement, they offer options for employees for whom time is more important than money. They were the best thing that could be achieved through negotiation. In Section 4 of the PSSA, the commitment was made to address other pay scale issues for post-2011 recruits in entry classes. In September 2018, an agreement was reached with the ICTU Public Services Committee.
The cost of the agreement is estimated at 46.6 million euros in 2020; 31.8m in 2021; EUR 22.9 million in 2022; EUR 15 million in 2023; 18.5 million euros in 2024. Working Hours Although there is no general reduction in working time under the PSSA, the agreement has given officers the possibility of a permanent return to pre-Haddington Road hours on the basis of a proportional wage adjustment. Staff members were able to opt for this agreement at the beginning of the agreement (January-April 2018) and can do so for a period after the end of the agreement (January-April 2021). The agreement also contains a provision allowing the conversion of annual leave into flexible hours. Key Features On August 4, 2003, Ashanti Goldfields Company Limited, a Company based in Ghana, entered into a transaction agreement with AngloGold, which includes the implementation of a system in accordance with Section 231 of the Ghana Companies Code. The program aims to create a world leader in world gold production, with the largest reserve in the sector, and will enable the combined group to exploit the full potential of Obuasi and its other mines. A Progressive Agreement The ASP is structured so that low- and middle-income earners receive relatively more than higher-income earners, and it will see 73% of public servants and civil servants by 2020.