prices

13 Apr

GUTA Urges Members To Reduce Prices Of Goods

wontumionlineBusinessExchange rate, GUTA, Inflation, prices

The Ghana Union of Traders Association (GUTA) has entreated its members to respond positively to the improved economic position of the country and adjust prices accordingly. According to a statement from the traders group, efforts by the government and the Bank of Ghana to bring down inflation and exchange rate are commendable, hence the call on its members to cut prices of goods. “GUTA, entreats all members of the business community to respond positively to the changing trend and adjust prices to reflect the exchange rate. We express our pleasure to the government and the Bank of Ghana for their…

19 Jan

Prices Of Agric Products To Fall By 5% In 2023 – World Bank

wontumionlineBusinessagriculture products, Fertiliser, prices, World Bank Food Security Update

Prices of agricultural products are forecast to decline by 5% in 2023, reflecting better prospects for global production alongside lower input costs, particularly for fertilizers. According to the World Bank Food Security Update, despite these projections, prices are expected to remain above pre-pandemic levels. In addition, the report highlights the possibility that fertiliser prices will continue to rise in response to higher natural gas prices caused by the closure of several European fertiliser manufacturers. In emerging markets and developing economies, the report said food insecurity remains a serious concern, driven by trade restrictions, weather-related events, and conflict, including the Russian…