Business
GUTA Urges Traders to Adjust Prices Immediately as Cedi Gains Strength
The Ghana Union of Traders’ Associations (GUTA) is calling on traders across the country to immediately reduce prices in response to the strengthening of the cedi.
In a strongly-worded statement, GUTA urged the trading community to reflect the cedi’s recent gains in their pricing. “We wish to appeal to the trading community to adjust prices of goods and services accordingly,” the statement emphasized.
GUTA noted that the cedi has seen significant gains against major trading currencies, a development that should bring much-needed relief to consumers if traders respond appropriately.
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The union stressed that the adjustment is not only economically necessary but also morally right, given the positive shift in currency strength. “Bring some relief to the consuming public,” GUTA urged, insisting that it is time for fairness to prevail.
Dr. Joseph Obeng, President of GUTA, signed the statement, reinforcing that the call for price reductions is a matter of urgency, not just a suggestion.