The Ghana Trades Union Congress (TUC) has reiterated its opposition to any try by the Authorities to privatise the Electrical energy Firm of Ghana (ECG).
The TUC in its touch upon the 2025 Price range Assertion and Financial Insurance policies of the Authorities recalled that in 2017, of their submission to the then Akufo-Addo Authorities in response to its first funds they acknowledged their opposition to the supposed privatisation of ECG.
In that submission, the TUC served discover that the working folks of Ghana and their unions would resist any try by the Authorities to privatise strategic state belongings.
In 2025, within the TUC’s submission to the Mahama Authorities, they reiterated their opposition to “privatisation of state-owned enterprises in all their types and shapes”.
“We additional acknowledged that “In keeping with the decision handed on the tenth Quadrennial Delegates Congress of TUC held in August 2016, we are going to resist any try and privatise ECG,” the TUC acknowledged.
“We emphasize that the “TUC and its associates contemplate privatisation and personal sector participation as one and the identical”.
It stated however their opposition, the Authorities seems hell-bent on privatizing ECG.
It stated the TUC and its associates stay resolute of their conviction that strategic reforms together with getting politics and politicians off the again of ECG was the one viable route out of no matter challenges the corporate faces.
“Our resolve to withstand privatisation or non-public sector participation is at an all-time excessive.
The TUC stated the 2025 Price range Assertion and Financial Insurance policies of Authorities comes on the heels of a number of challenges that confront the Ghanaian financial system and the folks of Ghana.
It famous that greater than three years after COVID-19 ended, financial progress was solely starting to get well. Inflation stays excessive.
“Value-of-living has skyrocketed. Actual incomes have fallen for many staff. Joblessness is rampant, notably amongst younger folks. The nationwide debt inventory is unsustainable regardless of the debt alternate programme,” it stated.
“A few of these challenges have persevered over a number of years. They emanate from the neo-liberal financial administration framework that Ghana has pursued within the final 4 many years.”
The TUC stated the 2025 funds was anticipated to reset the framework for managing the financial system declaring it failed to take action even after recognizing the necessity to reset the financial mannequin.
The TUC urges the federal government to work with all stakeholders to vary the present macroeconomic framework.
It stated Ghana wants a brand new mannequin of financial administration that seeks to qualitatively change the construction of the financial system.
The TUC underscored that employment creation should be on the centre of financial coverage and that Ghana must derive most advantages from its pure assets.
“This may allow Authorities to fund nationwide improvement from home revenues, obviate the necessity for borrowing and scale back our debt burden,” it stated.
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