The Ashanti Regional chairman of the Ghana Union of Traders Association, Antony Oppong, says not even the government can force traders to reduce the price of goods in the country. Speaking to Alpha Ali on the Orange Sunrise, Mr Oppong explained that traders imported goods into the country during the time the dollar was trading around 17 cedis, but the government can only appeal to traders and not force them.
The chairman of the Traders Union further stated that its members can only reduce the price of goods if the government cuts down the cost of utility bills.
His comments follow Ghana’s Finance Minister, Dr. Cassiel Ato Forson, urging traders and business owners to reduce prices of goods and services to reflect the cedi’s recent appreciation and relative stability.
He clarified that the improvement results from sound economic policies, not a temporary spike.
