The Secretary-General of the Trades Union Congress (TUC) in Ghana has emphasized the need for a shift away from heavy reliance on imports towards embracing domestically produced goods. This, he asserts, is crucial in stabilizing the cedi against major international currencies.

Dr. Anthony Yaw Baah highlighted that the significant depreciation of the cedi, amounting to approximately 250 per cent from 2016 to the present, reflects a drastic decline in the living standards of Ghanaian workers.

He attributed this decline to the country's excessive dependence on imported products, whose prices are directly influenced by fluctuations in the cedi's exchange rate against currencies like the US dollar and the pound sterling.

Speaking during the 2024 National May Day Parade in Accra under the theme "Election 2024: The Role of Workers and Social Partners in Securing Peaceful Elections for National Development," Dr. Baah urged Ghanaians to prioritize locally made goods.

The event, graced by President Nana Addo Dankwa Akufo-Addo, Vice President Dr. Mahamudu Bawumia, leaders of the Ghana Employers Association, representatives from the International Labour Organisation (ILO), and members of the diplomatic community, showcased workers from various sectors across the country.

Dr. Baah noted the stark contrast in exchange rates, with GH¢14 to $1 compared to GH¢4 to $1 in 2016. This disparity significantly impacts the purchasing power of workers, making it challenging to meet basic needs like food, education expenses, and rent.

He also raised concerns about the escalating inflation rate and high-interest loans, exacerbating the already burdensome cost of living for ordinary Ghanaians.

Moreover, he highlighted the plight of unemployed youth, especially recent graduates, emphasizing the urgent need for socio-economic reform to address these challenges.

Dr. Baah stressed the importance of preserving Ghana's longstanding peace, urging citizens to safeguard it against partisan politics.

He commended the Inspector General of Police, Dr. George Akuffo Dampare, for his exemplary leadership in maintaining peace and security throughout the country, noting the significance of recent peaceful by-elections.

In addition, Dr. Baah expressed concerns regarding the activities of the Social Security and National Insurance Trust (SSNIT) and called for dialogue with President Akufo-Addo to address these issues.

May Day, celebrated as a national holiday, serves as a platform for workers to advocate for improved working conditions and address pertinent labor-related issues.

This year's celebration, led by the TUC under the theme "Election 2024: The Role of Workers and Social Partners in Securing Peaceful Elections for National Development," witnessed workers gathering at the Black Star Square in Accra. The event honored 43 distinguished workers from various labor unions for their exceptional contributions to national development, presenting them with citations amidst an atmosphere of camaraderie and solidarity.