Ghana’s biggest labor Union Threatens to Strike over Economy as they are demanding from the Ghanaian president John Dramani Mahama to do more to control the price rates and cut economic growth.
Today, more than 5,000 members of the Trades Union Congress will march in some of the biggest cities of Ghana including capital, Accra, said the Union Secretary-General Kofi Asamoah.
The Labor Union will be represented by 18 national union’s workers, including miners, healthcare workers and maritime personnel.
Asamoah added, “People are angry over the increase in petroleum products and household materials without any increase in the wages and salaries”. All responsibilities are on the government to make sure that their policies should at least help the poor ones.
This month, the government has lowered the 2014 economic growth forecast to 7.1 percent, from an earlier estimate of 8 percent.
The prices of diesel have an increase of 22 percent since January compared to electricity and water which has been reduced.
According to Moody’s Investors Service and Fitch Ratings, this year’s fiscal deficit will probably remain above 10 percent for a third year.
Against the US Dollar, the Cedi has been weakened to more than 30 percent, which is the worst among the African currencies.
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