Dr Cassiel Ato Forson, the Minister for Finance has called on businesses to reflect their pricing as the cedi improves for Ghanaians to truly feel the recovery.
Ato Forson called on the Ghana Union of Traders Associations (GUTA) to support this effort so Ghanaians can truly feel the cedi recovery.
The Finance minister is quoted by GHONE TV to have said, “We are seeing improvements in the cedi. It’s time for businesses to reflect this in their pricing. GUTA should support this effort so Ghanaians can truly feel the recovery”.
Ato Forson also asserted that the recent cedi appreciation is not a nine-day wonder.
According to the Finance minister, the cedi appreciation will be sustained.
Ato Forson is quoted by JOY NEWS to have said, “Cedi’s appreciation not a ‘nine-day wonder’; it will be sustained”.
Meanwhile, the Ghana Union of Traders’ Associations (GUTA) has praised the Bank of Ghana for restoring confidence in the Ghanaian cedi.
In a statement signed by GUTA President Dr Joseph Obeng and Head of its Business and Economic Bureau, Charles Kusi Appiah Kubi, the Association stated, “This has brought hope to the business community in recouping some of the lost capital during the last couple of years,”
“Importantly, it has also brought a positive speculation and predictability around the foreign exchange space, thereby eroding the notion that the foreign currency is a store of value in the Ghanaian community.”
GUTA further urged the authorities to “sustain these prudent measures”.
The added cedi gain if maintained, could help the country “achieve full economic recovery, make businesses competitive, increase productivity, and alleviate the high cost of living.”
The Ghana cedis continues to record marginal gains against major trading currencies, particularly the US dollar.
As of May 8, 2025, the cedi is trading at GH¢13.4 to the dollar.
See the post below:
Businesses should reflect the cedi’s appreciation in their pricing… – Dr. Ato Forson (Finance Minister)#GHOneNews #EIBNetwork #GHOneTV #NewsAlert pic.twitter.com/HvOgZYwWVs
— GHOne TV (@ghonetv) May 8, 2025
