Head of the Business Unit at the Ghana Union of Traders’ Associations (GUTA), Charles Kusi Appiah Kubi, has urged members of the trading community to consciously reduce prices of goods and services following the recent appreciation of the Ghana cedi.
Speaking to ABC Midday News on Monday, May 6, 2025, Mr. Appiah Kubi emphasized that traders must support national economic recovery by reflecting currency gains in their pricing decisions.
“We are appealing to members who have the opportunity to reduce their prices, so at least locals will have the opportunity to enjoy the relief,” he said.
He noted that while concerns remain about the sustainability of the cedi’s performance, decisions to adjust prices should still be made in good faith.
“We should help in pushing the agenda of economic recovery,” Mr. Appiah Kubi stated, encouraging traders to act responsibly and consider the broader impact of their pricing structures on consumers.
He acknowledged the historical volatility of the currency but called for deliberate efforts in matching current economic improvements with price moderation in the markets.
His remarks reinforce a recent call by GUTA leadership, including President Dr. Joseph Obeng, who in a formal statement last week described the cedi’s strengthening as a “timely and welcome development.”
