- October 10, 2022
- Posted by: Amos Ekow Coffie
- Categories: Banking and Finance, Economics
Some traders in the Ashanti Regional capital Kumasi have locked up their shops following the woes of the Cedi against the Dollar and its effect on businesses.
They are also protesting the high taxes they are paying.
TV3’s Ashanti Regional correspondent William Evans Nkum reported that parts of the business community in Kumasi are shut down.
“Most of the merchants here” he said, “deal in food commodities.”
“We want the government to come and dialogue with us. The cost of doing business is high due to tax and the Cedi performance. We have been using our profit margins to pay tax which is not fair,” a trader said.