The Trades Union Congress (Ghana) has stated it will use every legitimate means to stop privatisation of the Electricity Company of Ghana, following IMF pressure on Ghana to fast-track private sector participation in ECG's operations during the sixth and final review of Ghana's Extended Credit Facility programme.
16 May 2026 · Joy Online →
Dr Kwabena Nyarko Otoo, Deputy Secretary-General of the Trades Union Congress Ghana, argues that Ghana's recent economic recovery has been largely driven by domestic government policy decisions and favourable global conditions—particularly rising gold prices—rather than IMF influence. He notes that key indicators like inflation had already begun improving before the IMF programme fully took effect, dropping from 54% in 2020 to about 23% by the time the IMF engaged.
16 May 2026 · Joy Online →
Dr Kwabena Nyarko Otoo, Deputy Secretary-General of the Trades Union Congress Ghana, has criticised Ghana's continued reliance on IMF programmes, arguing that the country operates an import-driven economy that leaves young people unemployed despite macroeconomic stability. He warned that government plans for private sector participation in the Electricity Company of Ghana reflect a policy direction that fails to address structural economic challenges.
16 May 2026 · Joy Online →