[ 2016-08-10 ]

TUC boss, Kofi Asamoah

Homegrown solutions better than IMF bailout – TUC to gov’t
The outgoing General Secretary of the Trades Union
Congress (TUC), Kofi Asamoah, has bemoaned
government’s decision to always seek bailout
from the International Monetary Fund (IMF) as
against home grown solutions.

According to Mr Asamoah, Ghana has the requisite
trained personnel with the expertise which can
solve the country’s problems without imposition
of stiffer controls on the country.

Speaking at a ceremony in Kumasi on Wednesday, he
indicated that the weak nature of Ghana’s
economy has taken a huge toll on the livelihoods
of the people. A new General Secretary takes over
from Mr Asamoah.

The government has been severely criticised for
turning to the IMF for a bailout programme, which
is expected to among other things, improve the
economy and strengthen it in the face of the
challenges facing it.

Some civil society organisations and public
sector workers have lashed out at government for
accepting what they term “harsh conditions’
which have been imposed on Ghanaians.

Public Sector Employment in some sectors were
frozen, spending within budget, especially in an
election year were some of the conditions the
country had to abide by or face the wrath of the
IMF.

The IMF bailout according to Mr Asamoah, has not
benefited Ghana in anyway, noting it has rather
tightened the grip on an already tough economy. He
said government should cancel the agreement and
turn to homegrown policies and ideas which are
potent enough to save the economy.

Source - 3news.com

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