Government has ruled out the chances that International Monitory Fund bailout fears job cuts in different public sectors.
IMF team has arrived in Ghana to negotiate the matter with administration before deploying bailout program but The Minority in Parliament envisions that seeking IMF program means a tougher time ahead, many people may lose jobs, furthermore, a probable uphill in utilities tariffs.
The Trades Union Congress announced it will resist any policies from the IMF which could lead to job cuts.
But Deputy of Trade and Industry Minister, Kwaku Rickett Hagan in an interview said the minorities’ claims are false, rather bailout plan would give some traction to disturbed economy and formulation of policies that can put the nation out of severe challenges.
“The IMF has not said we should lay people off. The right things will be done and does not mean we are going to cut work force. It is not on the table as we speak,” Hagan assured.
Hagan said that government have presented such views and policies to IMF which can help us as talk has begun between both parties.
According to Hagan IMF is assisting many countries which have suffering economies and running to international monetary is the best option we have to be benefited.
The Mahama administration has been blamed for mishandling the situation resulting in continues downfall of the Cedi against major trading companies, high inflation and price hike in daily life products, nevertheless, President Mahama has been convincing nation the bad days will over soon.
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