‘Adjust prices with immediate effect’ – GUTA to traders as cedi gains strength

The Ghana Union of Traders’ Associations (GUTA) is calling on traders to cut prices in response to the recent appreciation of the cedi.

In a brief but firm statement, GUTA appealed to the trading community to reflect the currency gains in their pricing. “We wish to appeal to the trading community to adjust prices of goods and services,” the statement said.

According to GUTA, the cedi has made “significant gains” against major trading currencies. This, the group says, should translate into some relief for ordinary Ghanaians.

The union wants traders to act quickly. It believes consumers deserve to benefit from the recent currency stability. “Bring some relief to the consuming public,” the group urged.

GUTA says this is not just an economic concern, but a moral one too. It is asking its members to show fairness now that the cedi is doing better.

Dr. Joseph Obeng, President of GUTA, signed off the statement, keeping the message short and direct. But its tone was unmistakable—this is not a suggestion; it is a strong appeal for action.