“Resorting to the IMF all the time is not a sustainable way of dealing with our country’s economic problems.” – UTAG

The University Teachers Association of Ghana in a press release has asked government to look for homegrown solutions to the country’s economic challenges.

According to the association; “resorting to the IMF all the time is not a sustainable way of dealing with our country’s economic problems.”

UTAG justified their stand with evidence between 1966 and 2015, from which various governments have been to the IMF 16 times.

“It is important to note that between 1966 and 2015, Ghana has been to the IMF sixteen (16) times to seek support to address the country’s economic problems. Indeed, within the fourth Republic and over the last 30 years, this will be the sixth (6th) time the country is going to the IMF for support. This means that, on average, Ghana seeks the support of the IMF every five (5) years to address its economic problems” UTAG said.

UTAG also made it clear that any conditionality from an IMF programme that will negatively affect their association will not be tolerated.

They stated; “UTAG would not tolerate any IMF conditionality that negatively affects the existing agreements between Government and UTAG to improve the Conditions of Service of our members.

Read the full statement below:

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