Prof Gyampo Speaks His Mind About Ghana’s Run To IMF

Ghana government has at long last taken a decision to look for help from the IMF after it promised not to do so months back. This has gotten a ton of discussion in the country, with many citizens sharing their perspectives on the move.

One such individual is a political science lecturer at the University of Ghana, Prof Ransford Gyampo. The professor has cautioned that the country will be ‘rebellious’ if government accepts any IMF contingency that freezes wage increment.

Professor Ransford Gyampo

In a Facebook post, Prof Gyampo expressed that worker’s union would be against any policy, that doesn’t ensure a vertical survey of their wages one year from now.

In the explanation, he unveiled that he is yet to completely communicate his contemplations on government’s decision to look for support from the IMF, as against past pronouncements that it wouldn’t depend on the Fund.

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“I warn that, labour won’t tolerate any IMF conditionality that freezes wage increment next year. Government must keep its promise, regardless. Else Ghana will be ungovernable”, he expressed.

Prof Gyampo remarks were in response to government’s decision to fall on the International Monetary Fund (IMF), for financial heading in the midst of the country’s ‘shrinking’ economy.

He made sense of that, if government fails to regard the calls for increases from labour unions, it might prompt strike activities which might affect the smooth administration of the country.

In his explanations, he additionally expressed worry over government’s haste in shifting away from the prospects of the E-levy and moving to the IMF. Prof Gyampo said he believes authorities should have exercised some patience, before defecting to the IMF for help.

Meanwhile, President Akufo-Addo, authorized the Finance Minister, Ken Ofori-Atta to commence formal engagements with the International Monetary Fund (IMF) to support the country’s economy.

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