The Trades Union Congress(TUC) has hinted to Citi Business News it will resist any program from the International Monetary Fund (IMF) that leads to job cuts in the public sector.
Ghana’s economic team is currently locked up in a meeting with the IMF to salvage the country’s ailing economy.
The TUC earlier warned government not to seek an IMF program be it technical support or a bailout program.
According to the Secretary General of the TUC, Kofi Asamoah the home grown solutions developed at the national economic forum at Senkyi must be adopted and nothing else.
[contextly_sidebar id=”edXCdnTFr1NvfuN94KrJ6zoVjq13HEAi”]The TUC is expected to state its position on the ongoing negotiations and the final program in due course.
IMF has said that the first round of discussions on a possible IMF-supported programme for Ghana will last for ten days. The discussions will begin on Tuesday September 16 and end on September 25, 2014.
The IMF team, led by Joël-Toujas-Bernaté begun talks with the Ghana team which is led by former Finance Minister and chairman of the National Development Planning Commission (NDPC), Kwesi Botchwey.
The team will be supported by the current Finance Minister Seth Terkpeh.
According to a statement from the IMF released today, “discussions will continue during the coming weeks, including at the Annual Meetings of the World Bank and IMF in Washington DC in October.”
By: Rabiu Alhassan/citifmonline.com/Ghana