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flag Ghana’s trade chief urges traders to cut prices despite cedi strength, warning against unfair pricing that risks customers.

flag GUTA President Clement Boateng urged Ghanaian traders to lower prices amid the cedi’s sustained appreciation and falling input costs, calling resistance to price cuts unfair and counterproductive. flag Speaking on Joy News, he emphasized that businesses have already benefited from the stronger currency and should pass gains to consumers, warning that high prices risk losing customers to more competitive sellers. flag While noting widespread price reductions and declining inflation—defined as reduced purchasing power—Boateng criticized some traders for holding firm, stressing that long-term success depends on turnover and market responsiveness.

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