The economic difficulties that traders in Tudu, the commercial hub of Accra, are experiencing, have been lamented.
They have bitterly bemoaned the Ghana cedi’s ongoing decline, especially as compared to the US dollar and the CFA, the currency that all three of Ghana’s neighbors use.
During an appearance with Kofi TV, a YouTube TV program, numerous traders seized the chance to urge the government to act immediately to resolve the problem.
In an effort to draw attention to the high cost of doing business, the Ghana Union of Traders Association (GUTA) began a six-day shop shutdown on Wednesday (October 19).
One of the traders who spoke to Kofi TV said: “If our sin was voting for you, forgive us, we won’t offend you again; because we are unable to buy the CFA nor the dollar. What sin have we committed to have voted for Akufo-Addo? “We are sorry for voting the NPP party into office, whatever sin we have committed by so doing, we are pleading for forgiveness. We beg the NPP with our knees on the ground, we beg them.” Another harped on the increasing instability of prices on the market. “We are very concerned. Just as we did politics in the past…. What pains me is that there was a time when we had power issues, we were able to stabilize it, why can’t we stabilize the dollar? If you sell, you run at a loss… I have run at a loss, I did not open my shop today, I just came to take some money I left here. We beg the president, we are on our knees. President, president we beg you. Intervene for us, come and intervene for us, why? “Our funds are evaporating, we can no longer import, we beg you, do something for us, we want you to do something for us. The CFA is galloping, the dollar is on the move, why?”
