Reduce prices of goods as cedi strengthens – Finance Minister appeals to traders
By: Ashiadey Dotse
Dr. Cassiel Ato Baah Forson, the finance minister has called on traders across the country to reduce prices of goods, especially food items, following the recent appreciation of the Ghanaian cedi against the US dollar.
In a post on X (formerly Twitter), Dr. Forson said he met with the leadership of the Food and Beverage Association of Ghana (FABAG) to discuss the economy, food prices, and how to ease the financial burden on Ghanaians.
He told FABAG that the improvement in the cedi’s value and the overall stability of the economy were not temporary. According to the Minister, the changes are a result of careful planning and responsible economic policies, and this stability is expected to continue.
“The focus now is to make sure these gains help ordinary Ghanaians,” he said. “Food prices, which have been too high, must now come down.”
FABAG confirmed that some price reductions are already taking place. Dr. Forson praised their efforts and asked other trader groups, including the Ghana Union of Traders Association (GUTA), to follow their example.
He also highlighted the government’s work to fix deeper issues affecting prices, such as high port charges, taxes, and smuggling.
Dr. Forson backed a suggestion by FABAG, President John Awuni for a nationwide campaign to reduce prices, saying it is time for all sectors to help bring relief to consumers.
Source: gbcghanaonline.com
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