The Ghana Union of Traders’ Associations (GUTA) is urging traders to revise the prices of goods and services in light of the recent appreciation of the Ghanaian cedi against the US dollar and other major foreign currencies. In a statement signed by GUTA President, Dr. Joseph Obeng, the association welcomed the strengthening of the cedi and called for pricing adjustments that reflect the improved economic conditions.
“GUTA appeals to the trading community to review their pricing to share the benefits of the cedi’s appreciation with consumers and help ease the burden of the high cost of living,” the statement said.
In recent weeks, the cedi has shown strong performance, reversing earlier depreciation trends. Economic analysts attribute this to increased foreign exchange inflows, lower demand pressures, and renewed investor confidence resulting from effective policy measures and fiscal discipline.
Dr. Obeng emphasized that aligning prices with current exchange rates would not only ensure fairness but also strengthen trust between traders and consumers.
GUTA is encouraging all players in the trading sector to act responsibly by adjusting prices in accordance with the stronger cedi, thereby contributing to national efforts aimed at economic recovery.
