The government has no intention of lifting the freeze on public sector employment anytime soon, with the IMF bailout still in full swing and government far short of meeting its set targets.
A letter jointly signed by the Finance Minister, Seth Terkper, and the Bank of Ghana Governor and addressed to the body notes that the freeze would be kept intact throughout next year, as well as a cutback on existing employees within the sector.
Government Agrees On $3 Billion Bailout With IMF
The government of Ghana has reached a staff-level agreement with the staff of the IMF on economic policies and reforms of about US$3 billion. The agreement will be supported by a new three-year arrangement under the Extended Credit Facility (ECF) to reform the country’s economy. Mr. Stéphane Roudet, a Mission Chief for Ghana and International … Read more