TUC Wants Gov't To Prevent Continuous Fall Of Cedi

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TUC Wants Gov't To Prevent Continuous Fall Of Cedi

Details: Parent Category: Our Country; Category: Business & Finance; Created on Monday, 30 April 2012 00:00; Hits: 2736

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TUC Wants Gov't To Prevent Continuous Fall Of Cedi

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The Ghana Trades Union Congress (TUC) has urged government to as a matter of urgency assure workers that it will not look unconcerned for the cedi to fall.

Though the Bank of Ghana and the Ministry of Finance have announced some interventions to prevent the local currency from losing its value, the labour union believes regulation of the market by government will do a lot of good.

The TUC has already blamed the telecom firms for the constant pressure on the cedi.

The deputy General Secretary of TUC, Yaw Baah in an interview with XYZ Business said the declining cedi will increase the cost of living in the country while pushing inflation up.

Meanwhile, the Ghana Trades Union Congress is encouraging all trade unionists across the country to take part in the May Day celebration tomorrow.

The TUC has also urged all workers and Ghanaians to take part in the celebrations since unity builds a nation.

Source: Radioxyz