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Ghana’s IMF Bailout Won’t Require Government Job Cuts

Ghana’s IMF Bailout Won’t Require Government Job Cuts

From Ghana Web

Government has rejected claims that a bailout from the International Monetary Fund (IMF) will lead to job cuts. The Minority in Parliament at a news conference on Tuesday predicted tougher times ahead stating among other things that government’s engagement with the IMF could lead to job cuts.

The Trades Union Congress (TUC) has announced it will resist any program from the IMF which will lead to job cuts in the public sector. But Deputy Trade and Industry Minister, Kwaku Rickett Hagan in an interview with Citi News said the Minority’s claims are false.

He explained that the IMF bailout will rather lead to the formulation of policies that will cushion Ghanaians. Rickett Hagan mentioned that since the government presented its homegrown policies to the IMF, talks have been ongoing.

“We have been talking to the IMF, we’ve been having discussions…we submitted that [homegrown policies] for them to help us,” he remarked.

Read more at Ghana Web