The Ghana Union of Traders’ Associations (GUTA) has appealed to the Ghanaian trading community to adjust prices of goods and services to reflect the gains made by the cedi against major trading foreign currencies.
GUTA says the adjustment is what would make the final consumers feel the impact of the strength the cedi is gaining on the forex market.
In a statement issued by the Association and signed by its President, Dr. Joseph Obeng on Sunday, May 11, 2025, it said the price adjustment will bring relief to the public.
“The Ghana Union of Traders’ Associations (GUTA) wishes to appeal to the trading community to adjust prices of goods and services to share the significant gains made by the appreciation of the cedi against the major trading currencies and bring some relief to the consuming public.”
GUTA had in the previous week commended the Bank of Ghana’s efforts for stabilising the currency in the first four months of the year, urging that the feat be maintained through pragmatic policies by the government.
It argued that the stabilisation of the cedi was what would bring relief to businesses and help investors recover their lost capital that came as a result of the currency that plummeted incessantly prior to 2025.
GUTA commends BoG for stabilising forex market, strengthening local currency
