The Trades Union Congress (TUC) is kicking against suggestions that government should consider seeking a financial bailout from IMF to address the escalating economic crisis.
The General Secretary of the TUC, Dr. Yaw Baah explained that previous IMF interventions have not been able to address the country's economic challenges, so such a move will only worsen the country's growth.
This, according to him is because of the conditions attached to the IMF's support.
“Government has been to IMF 16 times for IMF programmes, but we are where we are today therefore, that is not the solution. It's like saying that this is not working. So let's do more of it. It doesn't make sense,” he said.
He, therefore proposed homegrown solutions to deal with the situation, adding that “we will be very surprised if government goes to IMF.”
“It's not only government that is running the country. We have such organizations, we have trade unions, we have business organizations. I know that Ghanaians have solutions to our problems.
Ghana government should bring all of us together. Let us discuss the issues one after the other. I'm very confident we have a solution,” he added.
He also demanded an immediate negotiation between government and the labour union towards the payment of cost of living allowances (COLA) stating that public sector workers are suffering due to their meager salaries.
Latest Stories
-
Fugitive Zambian MP arrested in Zimbabwe – minister
25 mins -
Town council in Canada at standstill over refusal to take King’s oath
36 mins -
Trump picks Pam Bondi as attorney general after Matt Gaetz withdraws
48 mins -
Providing quality seeds to farmers is first step towards achieving food security in Ghana
59 mins -
Contraceptive pills recalled in South Africa after mix-up
1 hour -
Patient sues Algerian author over claims he used her in novel
2 hours -
Kenya’s president cancels major deals with Adani Group
2 hours -
COP29: Africa urged to invest in youth to lead fight against climate change
2 hours -
How Kenya’s evangelical president has fallen out with churches
2 hours -
‘Restoring forests or ravaging Ghana’s green heritage?’ – Coalition questions Akufo-Addo’s COP 29 claims
2 hours -
Ensuring peaceful elections: A call for justice and fairness in Ghana
3 hours -
Inside South Africa’s ‘ruthless’ gang-controlled gold mines
4 hours -
Give direct access to Global Health Fund – Civil Society calls allocations
4 hours -
Trudeau plays Santa with seasonal tax break
4 hours -
Prince Harry jokes in tattoo sketch for Invictus
4 hours