The Ghanaian traders and importers should immediately reduce prices following the recent appreciation of the Gh Cedi, and also the 15% reduction in transport fares . The Gallant Cadres of NDC believes there is room for fairness and traders must as a necessity push for downward trend in their prices.
The producers and wholesalers are enjoying low cost of production, and that must reflect the final price of goods on the market.
Though Ghana operates a liberal market system where the government does not fix prices, we believe the state must also intervene to force traders react positively to the fall of the US Dollar. The Gallant Cadres of NDC calls for a deliberate discussion on how the stable cedi will benefit both consumers and traders
More often than not traders have often increased their prices when the dollar goes up, so is it not fair for the traders to adjust prices now that the cedi has appreciated?
The Ghana Union of Traders Association (GUTA) has already taken the initiative to engage its members on possible price reductions.
The proposition of the traders is that they purchased their goods when the exchange rate was higher. With the fall of the dollar the traders want to take advantage of and buy some at this time as the dollar is slow
Urgent discussions between GUTA and the various traders’ associations will help ensure consumers also benefit from the current economic stability.If our traders are magnanimous enough, it will also encourage the government to keep on doing all the right things because the government will know that once it does the right thing. Traders are benefiting, and they will benefit more if they really bring the prices in line with the rate of the cedi to the dollar.
Comrade Richard E A Sarpong, Father Casford. The PRO, 0208573712
Ohemaa Akosua Borngreat, Deputy PRO, 0243179445
