• About Us
  • Contact Us
Account
GTB
  • Home
  • News
  • Premium
  • Business
  • Personal Finance
  • Lifestyle
    • Travel
    • Health
    • Retail/Fashion
  • Podcast
    • Business Chat
    • Retiring Richly
    • Sika Nkommo
  • Videos
  • Analysis/Features
No Result
View All Result
  • Home
  • News
  • Premium
  • Business
  • Personal Finance
  • Lifestyle
    • Travel
    • Health
    • Retail/Fashion
  • Podcast
    • Business Chat
    • Retiring Richly
    • Sika Nkommo
  • Videos
  • Analysis/Features
No Result
View All Result
Account
Ghana Talks Business
No Result
View All Result

TUC kicks against IMF conditionalities

17/09/2014
Reading Time: 2 mins read
0
SHARES
Share on FacebookShare on TwitterShare on WhatsApp

The Trade Union Congress (TUC) says it will vigorously resist any conditionalities of the International Monetary Fund (IMF) that will impose further hardships on Ghana or workers.

The labour movement said it would contest any conditionality on job cuts if such recommendation was not backed by full engagement with labour and scientific evidence on the necessity for any redundancy.                                                              

The TUC, therefore, called on the government to negotiate with IMF based on the country’s home-grown economic policies and the Senchi Consensus.

In an interview, the Secretary-General of the TUC, Mr Kofi Asamoah explained that the TUC was against prescriptions of the IMF that worsened the plight of nationals of developing countries when implemented.

He said after consultations with its affiliates, the TUC had a meeting with President John Mahama and his advisors on the government’s engagement with the IMF.

He said at that meeting, the TUC impressed upon the government that the union would only cooperate with it on an economic bailout provided such a programme was tailored along the country’s economic policies.

The government and officials of the IMF have begun discussions on an economic programme for the country in Accra.

The talks are intended for the government and the IMF to chart a path to resolve the country’s economic challenges.

 

Extensive engagement

 Mr Asamoah said during the meeting with the President last week, the affiliates of the TUC also underscored the need for the government to engage all partners in any policy decision it sought to undertake, particularly after its talks with the IMF.

For instance, he said any policy decisions in relation to the wage bill under the Single Spine Pay Policy (SSPP), which is often cited by the government as one of the causes of the country’s economic challenges and captured in the Senchi Consensus and the home-grown economic policy, had to be thoroughly discussed.

He said that was because it was the view of labour unions that the government ought to efficiently manage the wage bill to reduce the excesses that were due to ‘ghost names’ being on its payroll.

Other administrative lapses in the management of the wage bill, Mr Asamoah said, had resulted in a situation where public sector workers sometimes continued to withdraw salaries several years after they had retired from the service.

He said the efficient management of the wage bill had consistently been presented to the government as labour’s view on how the economic challenges could be solved.

Mr Asamoah said there had been instances in the past when redundancies were prescribed but the economic challenges persisted.

He said the union was also against standard prescriptions offered as a panacea for all countries with economic challenges.

 

 

Source: Graphic

Previous Post

First time boss? Avoid these major sins

Next Post

Ghana to define maritime boundaries with Nigeria, Togo and Benin

Related Posts

Potential of AfCFTA,,ghanatalksbusiness.com

E-commerce, payments and unlocking the potential of the AfCFTA

01/07/2022
world's most valuable brands

Apple ranks No.1 as World’s Most Valuable Brand, check out other top performers

29/06/2022
Africa's top 10 investment destinations, ghanatalksbusiness.com

CEOs reveal Africa’s top 10 investment destinations

28/06/2022
StockNow App, ghanatalksbusiness.com

StockNow to bring affordable working capital to Africa’s informal retail market

28/06/2022
Financial risk management, ghanatalksbusiness.com

Finance, Risk, and Financial Risk Management: From a Business Manager’s Standpoint

27/06/2022
5G Mokki

5G Mokki, the African Technology Space Network that will impact Global Businesses

20/06/2022
Next Post

Ghana to define maritime boundaries with Nigeria, Togo and Benin

Scrap 20% import tax on mobile devices

  • About Us
  • Disclaimer
  • Privacy Policy
  • Advertising
  • Contact Us

© 2021 Ghana Talks Business

No Result
View All Result
  • Home
  • News
  • Premium
  • Business
  • Personal Finance
  • Lifestyle
    • Travel
    • Health
    • Retail/Fashion
  • Podcast
    • Business Chat
    • Retiring Richly
    • Sika Nkommo
  • Videos
  • Analysis/Features
  • Login

© 2021 Ghana Talks Business

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In