The working people of Ghana will do whatever it takes to prevent the imposition of needless hardships–TUC
The Trades Union Congress (TUC), said, it will resist any conditionality that will put them into any economic hardship as government run to IMF for a bailout. TUC issued the warning following government’s decision to seek support from the IMF. According to Media reports, officials from the International Monetary Fund are expected in Ghana on Wednesday, July 6, 2022. However, a statement signed by TUC Secretary General, Dr. Anthony Yaw Baah said: “Ghana has done this seventeen times and the government has just announced the commencement of engagements for the eighteenth IMF-sponsored programme. One thing is very certain – the eighteenth IMF programme will not solve our problems. “Therefore, we should be prepared for the nineteenth, twentieth and more programmes in the next few years, even though it is so obvious that IMF programmes pay practically no attention to the removal of structural constraints to sustainable growth and development,”He. stated. He added: “We would like to remind the government that, as part of the negotiations for the 2021 and 2022 base pay, we agreed to the four and seven percent pay increases respectively on condition that the government will not declare redundancies in the public service and that government will continue to employ young people into the public service. “We would like the government to note that the working people of Ghana will do whatever it takes to prevent the imposition of needless hardships on them and the good people of Ghana.” Source: Apexnewsgh.com
Four teacher Union declare indefinite strike
Four teacher Unions declare indefinite strike effective today, 4th July, 2022. Read below: Source: Apexnewsgh.com
IMF expected to be in Ghana shortly.
An official team from the International Monetary Fund (IMF) is expected to arrive in Ghana on Wednesday, July 6 to begin negotiations with government on the economic support it is seeking. The IMF officials – comprising senior officers from the Fund and local staff – will meet the Finance Ministry, the Economic Management Team and the Presidency during their stay, according to reports. Among other reasons, their visit to the country would largely involve deliberations on the modalities for a package to support Ghana’s ailing economy. It is expected that details of the bailout programme and its conditionalities will be made public after several engagements.