The Ghana Federation of Labour (GFL) has emphasized the importance of prudent economic management to navigate the nation through its current challenges, whether they stem from domestic issues or external factors. This approach is seen as crucial for improving living standards.

Mr. Abraham Koomson, the Secretary General of the GFL, highlighted the need to reinforce the foundational elements of the country by implementing wise economic strategies supported by fiscal responsibility.

He advocated for an impartial inquiry into the circumstances surrounding the substantial loss of 60 billion cedis by the Bank of Ghana. This loss, according to him, cannot be dismissed as an ordinary occurrence.

Mr. Koomson expressed his concerns during an interview with the Ghana News Agency in Tema, stating that labor unions were urging an unbiased investigation and a complete overhaul of the management team and senior officers at the Bank.

He called upon these officials to address the issues pragmatically, as it was deemed unacceptable for the national banking regulatory body to incur such a significant loss, especially at a time when the Government was seeking three billion dollars from the International Monetary Fund to tackle economic difficulties.

Furthermore, Mr. Koomson reiterated the labor unions' plea to unite for a proactive labor movement. This unified front would be instrumental in effectively advocating for and safeguarding the interests of the nation's workforce.

“The labour front must unite and confront anyone, including the Government and the management of establishments, whose actions or inactions are not in the interest of the worker,” he said.

Mr Koomson called for unity on the labour front as disunity had paved the way for successive governments to exploit the divisions for their political interests.