By Kofi Ahovi
The Trade Union Congress (TUC) has called upon the government to distant itself from the International Monetary Fund (IMF) and the World Bank to ensure socio-economic growth.
According to TUC no country has achieved economic and social development with the IMF/World Bank prescriptions.
“We all witnessed the negative effects of IMF/World Bank structural adjustment programs that finally turned Ghana into a Highly Indebted Poor Country (HIPC),” TUC stated.
In a policy document to government dubbed “Regaining sovereign control over development policy-making,” it stated that the domestic challenges have witnessed the resurgence of the influence of the Work Bank and the IMF over the country’s domestic economic policy, “We think this is not in the interest of the people of Ghana.”
TUC therefore urged all workers, civil society organizations, research institutions and Ghanaians in general to stand up against IMF/World Bank domination in economic and social policy-making in the country.
“For as long as IMF and the World Bank dominate our economic policy, we cannot create jobs for the teeming youth roaming our streets; we cannot improve salaries of public sector workers and we cannot achieve a meaningful social development. Our professionals will continue to leave Ghana to seek greener pastures because of low wages and poor working conditions,” the document cautioned.
It added that the only way to achieve true social and economic development is to ignore IMF/World Bank neo-liberal policy biases towards inflation management to focus attention on employment creation for Ghanaians. “We hope Government will gather the courage to ignore IMF/World Bank prescriptions and lead us away from poverty to prosperity.”
The Trade Union Congress (TUC) has called upon the government to distant itself from the International Monetary Fund (IMF) and the World Bank to ensure socio-economic growth.
According to TUC no country has achieved economic and social development with the IMF/World Bank prescriptions.
“We all witnessed the negative effects of IMF/World Bank structural adjustment programs that finally turned Ghana into a Highly Indebted Poor Country (HIPC),” TUC stated.
In a policy document to government dubbed “Regaining sovereign control over development policy-making,” it stated that the domestic challenges have witnessed the resurgence of the influence of the Work Bank and the IMF over the country’s domestic economic policy, “We think this is not in the interest of the people of Ghana.”
TUC therefore urged all workers, civil society organizations, research institutions and Ghanaians in general to stand up against IMF/World Bank domination in economic and social policy-making in the country.
“For as long as IMF and the World Bank dominate our economic policy, we cannot create jobs for the teeming youth roaming our streets; we cannot improve salaries of public sector workers and we cannot achieve a meaningful social development. Our professionals will continue to leave Ghana to seek greener pastures because of low wages and poor working conditions,” the document cautioned.
It added that the only way to achieve true social and economic development is to ignore IMF/World Bank neo-liberal policy biases towards inflation management to focus attention on employment creation for Ghanaians. “We hope Government will gather the courage to ignore IMF/World Bank prescriptions and lead us away from poverty to prosperity.”
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