General News of Monday, 8 July 2013

Source: Joy Online

TUC blames election petition for Ghana’s economic challenges

The Trades Union Congress (TUC) has said the ongoing 2012 election challenge case is a contributory factor to the current deplorable state of the economy, and has called for its speedy resolution by the Supreme Court.

In a press statement, the TUC detailed what it said is a regression of various sectors of the economy despite some gains.

According to the TUC, the economy in the last five years has made an aggregate improvement as measured by the 8.7% increase in the GDP and the relative stability in the inflation rate which shot up from 8.8% in January this year to 10.6% in April.

General Secretary of the TUC, Kofi Asamoah, told Joy News the institutions and individuals that support the country’s economy are holding back to see the outcome of the election petition before they commit their input.

The TUC also wants a concerted effort from various stakeholders to deal with corruption, and overspending in election years.