GUTA Urges Immediate Price Adjustment As Cedi Strengthens

The Ghana Union of Traders’ Associations (GUTA) has called on traders to adjust prices immediately in response to the recent appreciation of the cedi.

In a statement, GUTA acknowledged that the cedi has made “significant gains” against major trading currencies.

GUTA, therefore, believes this should provide some relief for ordinary Ghanaians.

“We wish to appeal to the trading community to adjust prices of goods and services and bring some relief to the consuming public,” the statement signed by GUTA President, Dr. Joseph Obeng, urged.

GUTA emphasised that the adjustment will not only promote fairness in the marketplace but also foster goodwill and trust between traders and their customers.