A consumer group wants Ghana's government statistics office to publish import prices and profit margins for products entering the country. CUTS International believes this transparency would help shoppers fight unfair price increases. The organization says people need better information about what goods should cost after importers add reasonable profits. This data would create pressure on businesses to charge fair prices. The request comes as Ghana's currency has strengthened against the dollar.
The Ghanaian cedi gained about 32 percent against the US dollar from January through May 2025. The currency improved from 15 cedis per dollar to 10.20 cedis per dollar during this period. Experts credit stronger export earnings and more money sent home from abroad for the improvement. However, consumers have not seen widespread price cuts despite the stronger currency. Many businesses still charge the same amounts for imported goods.
Some importers report they have begun reducing prices as the cedi strengthened. A clothing dealer said bale prices fell from 1,000 cedis to 700 cedis for some items. Children's clothing that cost 3,000 cedis before went down to 2,500 cedis. Spare parts dealers expect 80 percent of their prices to fall if the currency stays strong through July. Parliament members urged the central bank to watch currency markets closely to maintain these gains.
The Ghanaian cedi gained about 32 percent against the US dollar from January through May 2025. The currency improved from 15 cedis per dollar to 10.20 cedis per dollar during this period. Experts credit stronger export earnings and more money sent home from abroad for the improvement. However, consumers have not seen widespread price cuts despite the stronger currency. Many businesses still charge the same amounts for imported goods.
Some importers report they have begun reducing prices as the cedi strengthened. A clothing dealer said bale prices fell from 1,000 cedis to 700 cedis for some items. Children's clothing that cost 3,000 cedis before went down to 2,500 cedis. Spare parts dealers expect 80 percent of their prices to fall if the currency stays strong through July. Parliament members urged the central bank to watch currency markets closely to maintain these gains.
