The Vice Chairman of the Ghana Union of Traders’ Associations (GUTA), Mr. Clement Boateng, says their call for traders to reduce prices to match the recent appreciation of the cedi is a simple plea and not something they can force anyone to do.
Speaking on Atinka TV‘s morning show, Ghana Nie with Ekourba Gyasi Simpremu, Mr Clement Boateng said although Government is doing its best to ensure the appreciation of the Cedi, it behoves on such a responsible organisation to encourage its members to adjust prices so that the consumers can also purchase goods and services while Christmas was fast approaching.
“We are not going to impose it on anyone or force anyone to lower their prices, but what is happening is pleading that we are pleading with them that all have a role to play in the development of the nation and not just the government alone,” he said.
In a recent statement, the Ghana Union of Traders Association (GUTA) has warned its members to reduce prices to match the recent stabilisation of the cedi against the U.S. dollar.
The leadership of GUTA in a statement commended the government for its efforts to stabilise the cedi which appear to be working whilst appealing to members to reduce prices to match the trend.
“The Ghana Union of Traders’ Association wishes to appreciate the efforts being made by the government and the Bank of Ghana to stabilise the cedi. We urge the Government to continue with more efforts to sustain the program and bring relief to the business community,” a statement issued over the weekend by President Dr Joseph Obeng said.
“As the value of the Cedi begins to appreciate, GUTA wishes to appeal to members of the business community to also adjust prices of goods and services accordingly, to make the consuming public feel the impact of this positive trend.” the statement added.
GUTA expresseed hope that the government will put more measures in place to lead to a turnaround in the economy.
“We hope to see further and continuous appreciation of the cedi and envisage that the economy will turn around in the shortest possible time,” the statement concluded.
Source: theGhanaianVoice.Com