Organised Labor cancels the planned strike

Organized labor has ended its indefinite strike as a result of the domestic debt exchange program's exclusion of pension funds.

The Trade Union Congress (TUC) Secretary General, Dr. Yaw Baah, announced that all pension funds would be excluded from the Domestic Debt Exchange Program.

A Memorandum of Understanding (MoU) was signed by the Ministries of Finance, Employment and Labour Relations, and National Security to resolve disagreements regarding the exclusion of all pension funds from the Domestic Debt Exchange Program announced on December 5, 2022 after discussions between the Congress and the Government.

He said that the exclusion would protect the pensions of the workers.

To ensure workflow, Dr. Baah directed all workers to come to work on December 27, 2022. The strike has ended.

Pension funds are not included in the domestic debt exchange program, according to the government.

He commended the State Council Chairman and his colleagues for their effective intervention.

"We'd also like to thank the administration for taking our concerns seriously. We salute Ministers of Finance Ken Ofori-Atta, Minister of Labor Ignatius Baffour Awuah, and Minister of National Security Albert Kan-Dapaah for their thorough responses," he said.

He believed that the government would increase space, reduce inflation, and secure the country. The government's IMF-inspired economic initiatives were the target of the planned strike.

Within the limits of debt sustainability, the government and organized labor will look into mutually advantageous options and promote macroeconomic stability and economic recovery in the spirit of social cohesion.