Commercial workers demonstrate over ‘worsening economy’

The Industrial and Commercial Workers Union (ICU) have hit the streets in Tema to protest what they say are “worsening living conditions” in the country.

According to them, government has been exploiting Ghanaians through the increases in the prices of petroleum products and utility tariffs, hence their decision to demonstrate.

“They have lost the management of the economy, they are no more managing this economy. It is the IMF who is now dictating to us what must happen to us,” the ICU’s General Secretary Solomon Kotei said.

This year alone the cedi has depreciated in excess of 25% against the dollar.

Despite moves by government to save the cedi from further fall, it appears the local currency is still struggling to keep pace with foreign currencies.