The Secretary-General of the Ghana Trades Union Congress (TUC), Dr Anthony Yaw Baah, has bemoaned the level of mismanagement the two major political parties have subjected Ghana to in the past three decades.
He said their manifestos, with which they govern anytime they are in power, have slowed development.
“We know that even though we have been stable for the past 30 years politically, economically we are down to the extent that Ghana can now not pay our debts,” he lamented.
Dr Yaw Baah made this known in his opening remarks at an ongoing discussion by Organised Labour on pension funds.
The discussion is to firm up a decision on government’s proposal to use pension funds for a new debt exchange programme.
Dr Yaw Baah bemoaned the circumstances that have brought Ghana to this point, to the extent that one of West Africa’s richest economies can only be sustained through debts.
“These two parties – NPP and NDC – have sold all our assets to foreigners such that we now have to rely on debt to develop our country,” he said.
“Our incomes are terrible and even if we compare with our neighbours within the region, our incomes are among the lowest.”
He called for a rethink, asking civil society to take up the responsibility of developing a roadmap for Ghana.