GUTA Calls On Traders To Lower Prices Of Goods And Services In Line With Cedi Appreciation

The Ghana Union of Traders’ Associations (GUTA) has urged traders across the country to revise the prices of goods and services to reflect the recent appreciation of the cedi against major foreign currencies.

According to GUTA, such price adjustments are necessary for consumers to experience the positive effects of the cedi’s strengthening on the forex market.

In a statement released on Sunday, May 11, 2025, and signed by its President, Dr. Joseph Obeng, the Association emphasized that reducing prices in line with the cedi’s gains would provide much-needed relief to the general public.

The Ghana Union of Traders’ Associations (GUTA) has appealed to the trading community to reduce the prices of goods and services in order to pass on the benefits of the cedi’s recent appreciation against major trading currencies to consumers.

In a statement, GUTA emphasized the need for price adjustments, noting that it would help ease the financial burden on the public and reflect the currency’s improved performance.

The Association had earlier commended the Bank of Ghana for its efforts in stabilizing the cedi during the first four months of the year. It urged the government to sustain this progress through effective and practical economic policies.

GUTA further noted that the cedi’s stability is crucial for business recovery and restoring investor confidence, particularly after the losses incurred from the currency’s steep depreciation prior to 2025.

The leadership of the Ghana Union of Traders Association (GUTA) has called on its members to lower the prices of goods in response to the recent performance of the Cedi against the dollar in the global market. pic.twitter.com/ltXJEazHi7

— SIKAOFFICIAL🦍 (@SIKAOFFICIAL1) May 12, 2025

Source: OnuaOnline.com