GUTA President Denies Speculations of Impending Price Hike on Goods

The President of the Ghana Union of Traders Association (GUTA), Dr Joseph Obeng, has denied claims that prices of goods will increase from May 1, 2023. The false claim has been circulating in the media and was attributed to the GUTA President. However, Dr Obeng has stated that he never made such a statement and that the association is rather working tirelessly to ensure that prices of goods are stabilised.

During an interview on NEAT FM’s morning show, ‘Ghana Montie,’ Dr Obeng said that he always prays for prices to rather reduce, and that he would be the last person to speculate about an increase in the prices of goods. He emphasized that the association is doing everything possible to ensure that prices of goods remain stable for the benefit of the consumer.

For the most part, the association has been actively engaging with stakeholders, including the government, to address concerns that may result in the hike of prices of goods. The association has also been taking measures to curb price inflation by engaging in price monitoring exercises across the country.

It is important to note that the cost of goods has been a major concern in Ghana, especially in the wake of the Covid-19 pandemic. The association has been working to address these concerns by ensuring that there is enough supply of goods to meet the demand of the population. GUTA has also been engaging with the government to address the challenges faced by traders, including the high cost of borrowing and the need for improved infrastructure.

In conclusion, it is important for the public to be aware that the claims of an impending hike in prices of goods are false and should be disregarded. GUTA remains committed to ensuring that prices of goods remain stable for the benefit of consumers.

Source: Neatfm online