The Minister of Finance, Hon. Ken Ofori Atta engages GEA and Organized Labour on the need to strengthen Social Partnership ahead of the 2019 budget statement.
As the IMF Extended Credit Facility (ECF) comes to an end in 2018, the Minister of Finance, Hon. Ken Ofori-Atta engaged the Ghana Employers’ Association (GEA) and Organized Labour to institute measures to sustain and improve upon the economy’s macroeconomic stability gains.
According to the Minister, given the vital role the private sector plays in national development, there was the need to call on Employers and Workers in the country to partner Government to pursue its development agenda in the post IMF ECF programme era.
He added that it will be proposed in the 2019 budget statement a post IMF council comprising Government, Employers and Organized Labour that would serve as a body to facilitate discussions on national development agenda particularly in areas such as:
- Measures to sustain macroeconomic stability gains;
- Private sector development and strategies;
- Compensation practices and Productivity;
- Employment creation initiatives;
- Domestic Revenue mobilization challenge;
- Growth and transformation especially, agribusiness, industrial development, trade policies and impact on job creation, and changing attitudinal behavior towards development.
- Public housing concerns; and
- Sustainability of public sector compensation
In their response, the President of GEA, Mr Daniel Acheampong and the Secretary General of TUC, Dr Yaw Baah both commended the government for creating space for social partners to play influential roles in national affairs. Each partner reaffirmed its commitment to supporting all policy initiatives that are of mutual benefit to Government, Employers and Workers in a spirit of mutual trust and confidence.