• About
  • Advertise
  • Privacy Policy
  • Contact
Sunday, September 28, 2025
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

TUC Petitions AfCFTA on Ghana’s GHS 800 Billion Debt Burden, Demands Cancellation

Silas Kafui Assemby Silas Kafui Assem
August 29, 2025
Reading Time: 4 mins read
Silas Kafui Assemby Silas Kafui Assem
in General News
0
TUC Petitions AfCFTA on Ghana’s GHS 800 Billion Debt Burden, Demands Cancellation

TUC Petitions on Ghana’s GHS 800 Billion Debt Burden

The Trade Union Congress (TUC) of Ghana has intensified calls on the government to immediately address the country’s rising debt crisis, warning that workers will not sit back as the nation’s resources are drained by unsustainable borrowing.

Ghana’s total debt now stands at over GHS 800 billion, a situation the union insists is undermining development and crippling the provision of essential infrastructure. At a petition presentation to the African Continental Free Trade Area (AfCFTA) Secretariat in Accra, TUC Secretary-General Joshua Ansah warned of possible action if nothing is done.

“Today, we want to announce our pressings to the government of Ghana through AfCFTA that if nothing is done about our debts, which are denying us better schools, better hospitals, and so many amenities, Ghanaians are going to advise ourselves.

“We are here just to present our petition to the trade so that they can also see what the unions are after in Africa”

Joshua Ansah, TUC Secretary-General

Ansah explained that the petition was not only a domestic issue but also part of a broader continental agenda. Receiving the petition on behalf of AfCFTA, Albert Kan-Dapaah Jnr, Senior Advisor to the Secretary General, assured that it would be delivered to the relevant offices for consideration.

RelatedPosts

Cuba Backs Ghana as Nations Pursue Broader Cooperation at UNGA80

Deep Flaws in NLA Scandal, Caritas  Exposed

Lawyer Faults Dafeamekpor’s Lawsuit Against GBA

TUC Petitions AfCFTA on Ghanas GHS 800 Billion Debt Burden
TUC Petitions AfCFTA on Ghana’s GHS 800 Billion Debt Burden

The petition coincided with the launch of the Pan-African Debt Cancellation Rally and Trade Justice Campaign, which began at the Obra Spot in Accra the same day. The rally attracted workers, trade unionists, and activists from across the continent, united in their demand for the cancellation of Africa’s unsustainable debt and for reforms to international lending practices.

Organised by the African Regional Organisation of the International Trade Union Confederation (ITUC-Africa) in partnership with the Ghana TUC, the rally highlighted the devastating impact of unfair loan agreements on development.

Organisers noted that debt repayments have “crippled public spending on education, healthcare, and job creation,” worsening socio-economic inequalities. They argued that unfair credit facilities have trapped African nations in cycles of dependency, undermining their ability to invest in growth and social justice.

The campaign, therefore, called for a new financial framework that places the needs of workers and vulnerable communities above debt servicing.

Continental Push for Financial Justice

The rally was also aligned with Africa’s broader civil society movement, particularly the “Stop Bleeding Consortium,” which is working to push governments and lenders toward reparative financial justice.

TUC Petitions AfCFTA on Ghanas GHS 800 Billion Debt Burden
TUC Petitions AfCFTA on Ghana’s GHS 800 Billion Debt Burden

This effort is tied to the African Union’s 2025 theme on Reparative Justice for Africa and Peoples of African Descent. According to organisers, Africa’s debt must be understood within a colonial and neo-colonial context. They pointed to the May 2025 African Union Summit in Lomé, which declared Africa’s current debt burden as “odious” and called for its total cancellation.

Recent data illustrates the depth of the crisis. Africa’s sovereign debt reached US$2.14 trillion in 2024, with 22 countries considered at high risk of debt distress. Alarmingly, at least seven African nations are currently spending more on “servicing interest than on health and education combined.”

The rally in Accra was not only about debt but also about fair trade practices under AfCFTA. More than half of participating unions warned that without enforceable labour and social protections, Africa risks repeating old patterns of exploitation under the new trade framework.

ITUC stressed that trade must deliver more than GDP growth. Organisers emphasised that policies must prioritise decent jobs, workers’ rights, and long-term development.

TUC Petitions AfCFTA on Ghanas GHS 800 Billion Debt Burden 3
TUC Petitions AfCFTA on Ghana’s GHS 800 Billion Debt Burden

A powerful coalition of civil society organisations also joined the demonstration, including AFRODAD, FEMNET, Pan African Lawyers, and the Tax Justice Network. Together, they rallied under the banner “Stop Bleeding Africa,” urging both governments and international financial institutions to renegotiate unfair credit agreements and commit to worker-centered development policies.

The TUC’s petition and the rally’s calls amplify a growing continental demand for debt relief and financial justice.

Ghana’s labour movement insists that without urgent interventions, both from government and international partners, the future of workers and the nation’s development agenda will remain jeopardised.

READ ALSO: Trump Revokes Kamala Harris’ Secret Service Protection

Tags: AfCFTAAfrican Continental Free Trade AreaAfrican Regional Organisation of the International Trade Union ConfederationGhana’s debtITUC-AfricaJoshua AnsahPan-African Debt Cancellation RallyStop Bleeding ConsortiumTrade Justice CampaignTrade Union CongressTUCTUC Secretary-General
Please login to join discussion
Previous Post

Shafik Joins Starmer As Chief Economic Adviser

Next Post

Akosua Agyapong Advises Yaa Jackson Over Her Wild Lifestyle

[mc4wp_form id="1264"]

Related Posts

Cuba Backs Ghana as Nations Pursue Broader Cooperation at UNGA80
General News

Cuba Backs Ghana as Nations Pursue Broader Cooperation at UNGA80

September 28, 2025
World Bank Predicts Ghana’s Per Capita Income Could Skyrocket Threefold by 2050
Economy

World Bank Predicts Ghana’s Per Capita Income Could Skyrocket Threefold by 2050

September 28, 2025
Sarkodie Kneels Before Obrafour at Rapperholic Concert
Entertainment

Sarkodie Kneels Before Obrafour at Rapperholic Concert

September 28, 2025
ADC Slams Tinubu’s Push For UN Seat
Africa

ADC Slams Tinubu’s Push For UN Seat

September 28, 2025
NLA misused funds raise concerns
General News

Deep Flaws in NLA Scandal, Caritas  Exposed

September 28, 2025
Ghana Champions Locally Led Climate Adaptation at UNGA80 Leaders’ Dialogue 
Extractives/Energy

Ghana Champions Locally Led Climate Adaptation at UNGA80 Leaders’ Dialogue 

September 28, 2025
Cuba Backs Ghana as Nations Pursue Broader Cooperation at UNGA80
General News

Cuba Backs Ghana as Nations Pursue Broader Cooperation at UNGA80

by Silas Kafui AssemSeptember 28, 2025
World Bank Predicts Ghana’s Per Capita Income Could Skyrocket Threefold by 2050
Economy

World Bank Predicts Ghana’s Per Capita Income Could Skyrocket Threefold by 2050

by Stephen M.CSeptember 28, 2025
Sarkodie Kneels Before Obrafour at Rapperholic Concert
Entertainment

Sarkodie Kneels Before Obrafour at Rapperholic Concert

by Esther Korantemaa OffeiSeptember 28, 2025
ADC Slams Tinubu’s Push For UN Seat
Africa

ADC Slams Tinubu’s Push For UN Seat

by Lawrence AnkutseSeptember 28, 2025
NLA misused funds raise concerns
General News

Deep Flaws in NLA Scandal, Caritas  Exposed

by Lilian AhedorSeptember 28, 2025
Ghana Champions Locally Led Climate Adaptation at UNGA80 Leaders’ Dialogue 
Extractives/Energy

Ghana Champions Locally Led Climate Adaptation at UNGA80 Leaders’ Dialogue 

by Prince AgyapongSeptember 28, 2025
Cuba Backs Ghana as Nations Pursue Broader Cooperation at UNGA80
World Bank Predicts Ghana’s Per Capita Income Could Skyrocket Threefold by 2050
Sarkodie Kneels Before Obrafour at Rapperholic Concert
ADC Slams Tinubu’s Push For UN Seat
NLA misused funds raise concerns
Ghana Champions Locally Led Climate Adaptation at UNGA80 Leaders’ Dialogue 
[/vc_row_inner]

Recent News

  • Cuba Backs Ghana as Nations Pursue Broader Cooperation at UNGA80
  • World Bank Predicts Ghana’s Per Capita Income Could Skyrocket Threefold by 2050
  • Sarkodie Kneels Before Obrafour at Rapperholic Concert
  • ADC Slams Tinubu’s Push For UN Seat
  • Deep Flaws in NLA Scandal, Caritas  Exposed
The Vaultz News

Copyright © 2025 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2025 The Vaultz News. All rights reserved.