Ghana Federation of Labour (GFL) has reiterated that as much as the labour movement has the responsibility to compel the government to create a conducive business environment for industries to retain employees, they must primarily turn their efforts to the government and policymakers whose actions are affecting the economy.
“The Labour movement is compelling the government to do the needful to create a better environment for industries to strive to be able to maintain employees.
Attention should be directed to policymakers who have undertaken to destroy the economy.”
According to the GFL, companies have been faced with global and internal threats as a result of bad government and economic policies, and the lack of commitment to promoting the growth of local industries.
Secretary General of GFL, Abraham Koomson says, Ghana has witnessed redundancies in many companies which used the negative impact of Covid-19 as an excuse to lay off workers.
He noted that Trade Unions have made their stance clear against the IMF but it is obvious that there’s no other alternative especially due to the alarming debt-to-GDP ratio.
Bloomberg has projected Ghana’s debt to hit 84.6 per cent by the end of 2022 with the total national debt surpassing 400 billion Ghana cedis.
