The Importers and Exporters Association of Ghana has balked at calls from the government and the general public for traders to reduce the prices of goods due to the recent appreciation of the cedi against the dollar.
According to Samson Awingobit, the Executive Secretary of the Association, the market should be left alone to determine prices and not have it being imposed on them.
He also said traders had purchased tons of goods at the old prices before the cedi appreciated therefore they cannot be expected to sell those goods at reduced prices.
Speaking on Nyankonton Mu Nsem on Rainbow Radio 87.5Fm, he said, “we cannot sit down and claim that all was well when all was not well. I strongly believe that in this current dispensation, we need to know that the dollar has started gaining ground again”.
He also claimed that there is no dollar in the system at the moment for those who need it.
For him, it was strange for the cedi to appreciate against the dollar in December since it is the period when businesses need more dollars to trade.
He has called on the government to come and explain to the people how this was possible.
Source: theGhanaianVoice.Com