Two of Ghana’s most powerful business associations have made a commitment to adjust consumer pricing

Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd.

Two of Ghana’s most influential business associations have pledged to adjust consumer prices in the coming months, responding to the local currency’s recent appreciation against the US dollar.

The Ghana Union of Traders Association (GUTA) and the Association of Ghana Industries (AGI) have announced a 60-day transition period during which companies are expected to recalibrate prices to reflect improved exchange rate dynamics.

The cedi has strengthened significantly in recent weeks, now trading at approximately GH¢12.40 to the dollar—up from levels above GH¢15 earlier in the year. 

Source: newsthemegh.com