[ 2014-09-17 ]

TUC Vows To Resist IMF Related Job Cuts
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.

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.'

Source - Citifmonline

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