The Ghana Union of Traders Association (GUTA) and the Association of Ghana Industries (AGI) say Ghanaians could begin to see lower market prices within the next two months if the cedi's recent appreciation is sustained.
The announcement comes after a stakeholder meeting with the Minister for Trade and Industry, Elizabeth Ofosu-Adjare, on Wednesday, May 14. "The government should continue to do its good work by sustaining the appreciation of the cedi, and we will do our job.
We will respond positively.
The market forces will determine the prices, and they will respond accordingly," GUTA stated during the meeting.
