IMF bailout saga Workers will not be sacked because of IMF loan - Mahama

President John Mahama has denied reports that there will be a massive layoffs in the Public sector as a result of the IMF bailout.

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President John Dramani Mahama play

President John Dramani Mahama

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President John Dramani Mahama has dismissed reports of a massive retrenchment exercise in the public sector in 2017 due to the conditions in the International Monetary Fund (IMF) bailout.

Speaking at the 8th Conference of the Public Service Chief Directors and Chair Persons of governing boards and Council in the Eastern Region, President Mahama said the reports are untrue.

“I’ve heard it said that under the IMF programme we have just entered government intends to retrench workers as part of the conditionality of the IMF, I wish to say that this is absolutely false.”

“There is no condition in the IMF that asks us to retrench workers.”

According to him, some people are misconstruing an impending rationalisation exercise in the public sector for retrenchment.

Meanwhile, Ghana will receive the second tranche of $144 million from the International Monetary Fund (IMF) in July 2015.

The IMF board early this month approved a $914 million bailout programme for Ghana after the government in August 2014 turned to it for financial support and technical advice. Read more Second tranche of bailout cash to be in by July

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