Butchers Association and Cattle Dealers Association at the Kumasi Abattoir in the Ashanti region have blamed government for low patronage of their products.
According to the two groups, government’s failure in stabilizing the Ghanaian cedi against the French CFA, the currency use to transact cattle business in the neighboring Burkina Faso and Mali is the cause for the local currency depreciation.
They said the depreciation of the cedi against the CFA has increased the prices of the cattle, which makes them also to increase the price of the meat, affecting low sales as their customers have resorted to other options which are relatively cheap.
The Chairman of the Kumasi Butchers Association Chief Abdul Wahab Tikumah, said “we were buying cattle for less than GHC25, 000 but now we buy it for GHC40, 000 because of the cedi rate to the CFA. When you buy at such price, definitely we will also sell our products at high cost not to incur loss and that drives our customers away.”
“The government promised to stabilize our currency against the foreign ones but for the past four years the CFA has been appreciating against our cedi, making the cedi useless in the international market. We plead with the government as a matter of urgency to do something about the cedi depreciation to save our business,” he added.
“Now most of our customers have resorted to other meat, we record low sales everyday especially during festivities and that has led to some of our members’ businesses folding up against the backdrop of selling at losses.” Alhaji Baba Ahmed, treasure cattle dealers Association lamented.