Audio By Carbonatix
Dr. Mahamudu Bawumia, running mate of the opposition New Patriotic Party (NPP), is predicting a massive retrenchment that will sweep through the country come 2017 after Government surreptitiously baits Ghanaians to get their mandate in 2016.
He said the government is indirectly telling Ghanaians to "vote for me before I fire you."
The policy, Dr Bawumia stated is one of the many grim conditionalities imposed by the Fund as a result of Ghana's decision to opt for a bailout.
"My understanding is that government wants the IMF agreement to delay the worker layoffs until after the 2016 election. I wonder why? I suppose the message is “vote for me before I fire you”.
He was delivering the 4th Distinguished Speaker Series by the Central University College under the theme “The IMF Bailout: Will the Anchor Hold?"
Dr. Bawumia admonished Ghanaians to prepare themselves for the “painful adjustment” that will come with the IMF bailout. Regrettably, he asserted that most Ghanaians have no idea how difficult the adjustment to the bailout will be because “government continuous to paint a rosy picture”.
Already, Ghanaians under the current government, he said, are being “squeezed” by increases in petroleum products, utility prices and layoffs due to the power crisis, and wondered “how much more austerity can workers take?”
He stated that the three-year IMF bailout will result in minimum increase in wage as opposed to the envisaged increase in utility bills, which he predicts will be significant, pondering further “how understanding labour would be as the austerity measures bite”.
President John Mahama recently stated strongly that he has developed the “dead goat syndrome” and would therefore not kowtow to pressures from labour, going into the 2016 elections. This, according to Dr. Bawumia, is a clear sign that demand for high wages by workers would not be met if Government wants to consolidate its fiscal target.
Latest Stories
-
Prioritise public education on legal aid to support vulnerable persons – Presbyterian University VC
38 seconds -
Kurt Okraku commiserates with Berekum Chelsea after fatal armed robbery attack
2 minutes -
78% of NDC delegates worried about jobs, but majority remain optimistic – Global InfoAnalytics poll
6 minutes -
Traceability is the new currency of global cocoa Trade
10 minutes -
Asiedu Nketia holds lead in NDC race but Ato Forson closing gap fast – Poll
23 minutes -
Collaboration across sectors key to tackling MoMo fraud — MobileMoney Ltd CEO
25 minutes -
President Mahama commends Catholic Church for role in Ghana’s development
29 minutes -
Canadian PM Carney on verge of Liberal majority gov’t as votes cast in three by-elections
30 minutes -
UK could adopt EU single market rules under new legislation
31 minutes -
Ghana Shippers’ Authority CEO to meet association of Port Transport Drivers over intended strike
32 minutes -
MTN Ashantifest musical concert lives up to bill
37 minutes -
Ninani Group launches D. A. Twum Jnr. Fellowship to address skills gap in creative industry
49 minutes -
Independent assessment by Lands and Mines Watch backs Heath Goldfields for mining operations
51 minutes -
Leaders must be held accountable for their words – Lom-Nuku Ahlijah
1 hour -
Multimedia Group Limited unveils innovative programming for World Cup 2026
1 hour