GUTA asks traders to reduce prices to reflect market changes

The Ghana Union of Traders’ Associations (GUTA) is calling on all business community members to adapt their pricing to reflect the changes in the market.

GUTA has noticed that the government and the Bank of Ghana are taking steps to decrease the cost of doing business by lowering inflation and improving the exchange rate.

On April 12, the Ghana Statistical Service reported that March’s inflation was 45 percent, down from the previous month’s 52.8 percent.

GUTA is requesting that the government continue its efforts to decrease inflation and other business costs by taking advantage of the reduced exchange rate.

GUTA’s president, Dr. Joseph Obeng, released a statement urging stakeholders to avoid unnecessary speculation and maintain the positive progress made thus far.

GUTA encourages businesses to adjust their prices accordingly to reflect the current exchange rate and appreciates the government’s efforts in supporting businesses and promoting economic growth.

Source: 3News