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Kumasi Traders turn down President Akuffo Addo’s plea to reduce prices of goods

Traders in the Central Business District of Kumasi, capital of the Ashanti Region, say they will only reduce prices of goods if the local currency appreciates against other international currencies.

According to them, though they are willing to sell their products at a relatively cheap price, high exchange rate has forced them to inflate prices of goods.

The traders were  responded to plea by President Akufo-Addo on them to avoid profiteering in the current economic turmoil.

President AkuffoAddo during his address on the economy on Sunday October 30, 2022 appealed to traders in the country to shun making outmost profits of the current economic quagmire to rip off consumers.

The president who admitted that, Ghana’s economy is in great difficulty urged all stakeholders to “keep an eye out for the greater good “, in the face of the cost of living crisis.

The Ashanti Regional Chairman for Traders Advocacy Group Ghana TAGG Mr Owusu  Boakye Samuel in an interview with OTEC News Kwame on Monday October 31,2022 however pledged to support the government in measures rolled out to get the economy back on track.

Mr Boakye again called on traders across the country cease the habit of slapping high margins  on goods.

“We as leaders of the traders have already told our members to take part in the country’s move to restore the economy “.

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“We have spoke to them extensively and so i believe our traders will be measured in their margins going forward”

He expressed optimism in the leadership of President AkuffoAddo and said they as traders are very sure the NPP government can turn things around.

Source:  Ghana/otecfmghana.com

Ogyem Solomon

Solomon Ogyem – Media Entrepreneur | Journalist | Brand Ambassador Solomon Ogyem is a dynamic Ghanaian journalist and media entrepreneur currently based in South Africa. With a solid foundation in journalism, Solomon is a graduate of the OTEC School of Journalism and Communication Studies in Ghana and Oxbridge Academy in South Africa. He began his career as a reporter at OTEC 102.9 MHz in Kumasi, where he honed his skills in news reporting, community storytelling, and radio broadcasting. His passion for storytelling and dedication to the media industry led him to establish Press MltiMedia Company in South Africa—a growing platform committed to authentic African narratives and multimedia journalism. Solomon is the founder and owner of Thepressradio.com, a news portal focused on delivering credible, timely, and engaging stories across Ghana and Africa. He also owns Press Global Tickets, a service-driven venture in the travel and logistics space, providing reliable ticketing services. In addition to his media ventures, Solomon serves as a Brand Ambassador for Alabuga, a prominent Russian industrial company, representing their interests and expansion across Africa. He previously owned two notable websites—Ghanaweb.mobi and ShowbizAfrica.net—both of which contributed to entertainment and socio-political discussions within Ghana’s digital space. With a diverse background in media, digital journalism, and business, Solomon Ogyem is dedicated to telling impactful African stories, empowering youth through media, and building cross-continental media partnerships.

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