Social cost of international monetary fund programs in Ghana, an assessment of the implications of the 17th IMF program on unemployment

Abstract

This dissertation, turns out to make more discoveries on the very engagement Ghana has sail through with the International Monetary Fund (IMF), taking in to consideration, the numerous conditions castrated by the financial institution. The trending sermon, makes a keen reflection on the very key factor of consideration, which is unemployment. Unemployment as a trending condition of the International Monetary Fund (IMF) possess a great bounce back on countries in need. This dissertation stands in the space to make clear revelations on the following; Firstly, to examine both the negative and the positive implications of the 17th International Monetary Fund program (IMF) on unemployment in Ghana. This dissertation, gives a critical view on whether the International Monetary Fund (IMF) programs possess any positive or negative implications on unemployment in Ghana. The International Monetary Fund (IMF), since time immemorial, have operated in the mist of different economies with their schemed conditions serving as guidelines to pull back dead economies to life. This dissertation, makes deep insight in to side effects of the 17th current International Monetary Fund (IMF) programs in Ghana on the grounds of employment. Secondly; to find out the social cost of International Monetary Fund (IMF) programs in Ghana. The cost societies experience in the course of a country's engagement with the International Monetary Fund (IMF), taking in to consideration, it's programs which serves as a key factor to actualize its mission is highly schemed out as an important tool of reference. This dissertation goes all the way to strike deep in to the Genesis of the Structural Adjustment programs initiatives that took over the economic sections of the economy of Ghana, where a great reflection is scale around the backwards struggles and the vast form of economic failure in the early 1980's as a result of the introduction of the program. The dissertation as well, dives in to another era of International Monetary Fund (IMF) program manifestation, coupling within great hopes captured by the Provisional National Defense Council (PNDC) on the very grounds of restoring back the broken economy. The Program of Action to Mitigate Social Cost Adjustment (PAMSCAD) was introduced to write the wrongs of the Structural Adjustment programs, which introduced weak system of management through the operation of its initiatives. Thirdly; to ascertain the necessary measures put in place by the government of Ghana to raise the economy beyond aid. This dissertation, stands out to make much reference on the necessary required measures catapulted by authorities to drive home a beautiful course, thus the course to raise Ghana beyond aid. The Ghana beyond aid agenda is clearly projected out by the New Patriotic Party (NPP), as a vibrant initiative to scale the economy of Ghana to a level of Self provision thus, a fertile ground beyond aid. Nana Addo Danquah Akufo Addo, the president of the republic of Ghana, has lamented great that, the economy of is blessed with natural resources all caliber and which includes the likes of timber, Gold, bauxite, diamond, manganese and many other natural given resources. According to him, the country can depend on these God given resources to make the nation a good place to live. This dissertation throws much light on the very strategies the government intends to cultivate in order to raise the economy beyond aid.