Director of Labour Research and Policy Institute at the Trades Union Congress (TUC) fears the government’s decision to seek financial support from the International Monetary Fund (IMF) may not augur well for workers.
According to Dr Kwabena Nyarko Otoo, previous IMF interventions have not been able to sustainably address the country’s economic challenges, as such a move will only worsen the country’s growth.
“IMF programmes do not offer any lasting, durable solutions to the country’s problems. They will scratch on the edges of the problem. The fundamental problem of the country will remain after three/four years of implementation.
“IMF programme as we have always known them will impose needless hardships on Ghanaians and in the end deliver nothing substantial by way of improving our economic challenges,” he said.