President Mahama - Current Programme With IMF Is The Last.

Ghana President, John Dramani Mahama has guarded the choice to go to the International Monetary Fund (IMF) and said albeit agonizing it was important to lead the economy back on track.


He implied that Ghana would wean itself of the Fund's backing toward the end the present three-year program marked with the Bretton Woods foundation.

He was tending to the tenth quadrennial agents' congress of the Trades Union Congress (TUC), which is being held under the topic "Building laborers power for respectable work and national advancement", in Kumasi.

The occasion would see the race of another Secretary General as the occupant, Mr. Kofi Asamoah, has served out his term of office.

President Mahama said the administration was resolved to utilize home-developed answers for location the financial difficulties and develop the economy.

He recognized the organization of the TUC in determining work debate and brought up that exchange and accord building had dependably been basic to genial settlement of question.

He asked composed work to keep up the joint effort to make Ghana an aggressive destination for venture and employment creation.

President Mahama gave the affirmation that his administration would keep on working hard to improve things for laborers.

He rehashed that no laborer of the Electricity Company of Ghana (ECG) would lose their occupations after the privatization of the organization.

Mr. Asamoah showed that however there had been some example of overcoming adversity, the typical cost for basic items had expanded drastically as an aftereffect of expansions in assessments, demands, utility duties and fuel costs.

"Elevated amounts of swelling and financing costs, unsteady money, flimsy influence supply, mass joblessness among youngsters and declining genuine profit are rapidly disintegrating the increases we have accomplished as such."

He expressed that the financial medicine of the IMF was not working and that Ghanaians were getting poorer every passing day.

He in this manner encouraged the legislature to surrender the IMF program and return to the home-developed Senchi agreement, including that, "IMF programs have never worked anyplace and they won't work here".