Trade Minister Ofosu-Adjare asks shop owners to cut prices as Ghana's currency grows stronger. She thinks lower prices would show people that government work helps everyone. The minister said Monday that better business conditions made the local currency worth more. Price cuts from sellers would push officials to keep making smart money choices. Traders can help regular citizens feel the benefits of these improvements.
The government cannot force markets to change what they charge for goods. Officials hope businesspeople will want to pass on savings to shoppers across Ghana. Traders always raise costs when the cedi loses value against other currencies. Fair play means they should lower tags when things go the other way. The Ghana Union of Traders Association agrees with this idea and wants members to adjust their prices down.
The government cannot force markets to change what they charge for goods. Officials hope businesspeople will want to pass on savings to shoppers across Ghana. Traders always raise costs when the cedi loses value against other currencies. Fair play means they should lower tags when things go the other way. The Ghana Union of Traders Association agrees with this idea and wants members to adjust their prices down.
