Organized labor is not enthused about Ghana’s unbalanced economic growth over the years, Deputy General Secretary of the Ghana Trade Union Congress (G-TUC) Joshua Ansah, has said.
Although economic growth had been in positive numbers , Ansah observed that these growth figures had not resulted in job creation for the people.
“Economic growth is not creating the needed jobs,” Ansah noted in his opening remarks Tuesday at a day’s discussion of the 2019 budget to collate inputs from stakeholders into the official position of organized labor on the budget.
Also, the labor leader observed that income levels had fallen in real terms for many workers looking at the depreciation of the local currency and other factors while many workers are also not contributing to pension.
He argued that one of the sore points in all the country’s economic development agenda had been the engagement with the International Monetary Fund (IMF).
The imminent exit of IMF as from next year was something organized labor had agitated for and were glad that it would materialize soon, the trade unionist said.
“There is no country in this world which developed due to IMF/World Bank programs,” Ansah argued. If Ghanaians disciplined themselves, the country would be able to survive and develop without any external support, according to Ansah.
Fritz Kopsieker, Country Director of Friedrich-Ebert-Stiftung (FES), however, has commended the government of Ghana in its efforts to position the country as the prime location for Foreign Direct Investment in sub-Sahara Africa.
Although the government had very good policies which were aimed at inducing growth in the economy, Kopsieker urged that job creation should be made a top priority in the policy implementation.
Director for Research and Forecasting Division of the Ministry of Finance, Alhassan Iddrisu said the remaining key challenges facing Ghana’s economy were emerging markets pressure, challenges with revenue mobilization and large infrastructure deficit.
He however said the budget for next year was expected to help sustain macroeconomic stability and grow the economy for job creation and improvement in livelihoods.
Iddrisu reiterated the resolve of the government to sustain fiscal discipline through the institution of a fiscal responsibility rule, fiscal council and social partnership. Enditem