Reduce prices — Gov’t ‘fights’ Business Communities

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Reduce prices — Gov’t ‘fights’ Business Communities

The government has absorbed itself from the high rocketing of prices of goods and services in the country but asked business owners to reduce their pr

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The government has absorbed itself from the high rocketing of prices of goods and services in the country but asked business owners to reduce their prices and help make life a little bearable for the consumer.

Minister of Trade and Industry, Hon. Kobina Tahir Hammond, laid blame on the doorstep of members of the Chamber of Commerce and Industry and other business owners.

“We live in a modern and free and liberal economy in which the Government has no direct hand in the pricing of goods and services,” he said.

Mr. Hammond was speaking at the 47th Annual General Meeting of the Ghana National Chamber of Commerce (GNCCI) on the theme: “Building Business Confidence In The Midst Of Economic Challenges”.

“I have on many occasions heard your plaintive cries about the taxes and levies you pay to the government, but I am bound to ask the question whether these are all reasons why the cost of living in Ghana is so unacceptably high.”

“The whole nation, while breathing a collective sigh of relief, will be so proud of you,” he added

Hon. Kobina Tahir Hammond, assured the business community their businesses were the key to the county’s competitiveness in the domestic market as well as within the context of AfCFTA.

“Without you, the impact we seek to harness from trade agreements would not materialize.

“I request you to continue to keep faith in the government, support government initiatives with their constructive inputs and know-how, and enrich our reform programs with your experience so that together we can build the most business-friendly economy in Africa,” he said.

Source: Kapital Online Team//2023

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