Cedi is becoming stable, think of reducing prices – GUTA advises members

In light of the local currency’s recent stability, the Ghana Union of Traders Associations (GUTA) has urged its members to raise or lower prices for goods and services.

The GUTA leadership claims that recent efforts by the Ghanaian government and the Bank of Ghana have stabilised the Cedi.

President Dr. Joseph Obeng stated in a statement over the weekend that “we urge the Government to continue with further efforts to sustain the programme and bring relief to the business community.”

“GUTA desires to encourage to members of the business community to likewise adjust prices of goods and services correspondingly, to make the consuming public feel the impact of this positive trend as the value of the Cedi begins to appreciate.”

It expressed optimism that the Cedi will keep rising even if the economy improves “as soon as possible.”

Source: www.pfmtaxafrica.com/Amos Ekow Coffie