An economy that is doing well would not boast of 13.5 percent inflation, over 23 percent interest rate and among others, a sharp fall of its currency, the Trades Union Congress has declared.
It has therefore rejected claims by the Finance Minister Seth Terkper that Ghanaï¿½s economy is doing well even in the face of the current economic hardship.
Dr. Yaw Baah, the Deputy Secretary-General of the Ghana Trades Union Congress, told Evans Mensah on Joy FMï¿½s Top Story that an economy can only be said to be doing well when both interest rates and inflation are below 7 percent.
The Finance Minister Seth Terkper had said at a roundtable discussion on Friday that Ghanaï¿½s economy was resilient and the current growth rate of 6 percent is envied by many countries.
But Dr Baah advised the government to avoid throwing dust into the eyes of the masses and concentrate on finding solutions to the challenges facing Ghanaï¿½s economy.
ï¿½Ghana has seen good times before, we have seen bad times before; when there is a bad time we know,ï¿½ Dr Yaw Baah emphasised.
He added, ï¿½We donï¿½t need a minister to tell us a goat is a sheep, a sheep is a goat; when we see goat we know.ï¿½
He stressed that the fall in the cediï¿½s value which he likened to a ï¿½stone being thrown from heavenï¿½ is glaring for all to see and that the health of the economy gives cause for concern.
Touching on government freezing wages, the Finance Minister had explained that the freeze is not across board, noting that after the implementation of the new pay policy, the public wage bill has shot up about 8 billion cedis.
But Dr Yaw Baah hoped the government would ï¿½not commit the same mistakeï¿½ committed by the previous government when it paid some sectors better than others.
He said, freezing wages is ï¿½unacceptableï¿½ and warned organised labour ï¿½will not sit aloof and allow this to happenï¿½.
He said if there is a problem with the implementation of the single spine salary structure, the government should focus its attention on how the pay policy has been ï¿½mismanagedï¿½.
On his part, the Secretary General of the Federation of Labour, Abraham Koomson disagreed with the governmentï¿½s non-consultative approach to addressing the economic challenges.
He said new measures by the government to tackle the issues can only happen under a military regime, and warned the governmentï¿½s stance is dangerous.
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