Ghana’s Finance Minister, Dr. Cassiel Ato Baah Forson, has called on traders across the country to reduce prices of goods, particularly food items, following the recent appreciation of the Ghanaian cedi against the US dollar.
In a post on X (formerly Twitter), Dr. Forson shared that he met with the leadership of the Food and Beverage Association of Ghana (FABAG) to discuss the economy, food prices, and ways to alleviate the financial burden on Ghanaians.
He assured FABAG that the improvement in the cedi’s value and the overall stability of the economy are not temporary. According to the Minister, these changes result from careful planning and responsible economic policies, and this stability is expected to continue. “The focus now is to make sure these gains help ordinary Ghanaians,” he stated. “Food prices, which have been too high, must now come down.”
FABAG confirmed that some price reductions are already underway. Dr. Forson praised their efforts and encouraged other trader groups, including the Ghana Union of Traders Association (GUTA), to follow suit.
Additionally, he emphasized the government’s commitment to addressing deeper issues affecting prices, such as high port charges, taxes, and smuggling. Dr. Forson supported a suggestion by FABAG President John Awuni for a nationwide campaign to reduce prices, stating that it is time for all sectors to work together to bring relief to consumers.
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