The Minister for Trade, Agribusiness and Industry, Elizabeth Ofosu-Adjare, has appealed to traders on behalf of the government to ensure that prices of goods during the festive season reflect the recent improvements in key macroeconomic indicators.
She made this appeal during a visit to the Makola Market on Tuesday, December 23, 2025, where she engaged with traders on prevailing market conditions and consumer activity.
She explained that recent macroeconomic gains, including lower inflation, a stronger cedi, and a reduced policy rate, have boosted consumer confidence and contributed to brisk trading across markets during the festive period.
“The President has asked me to come and wish the market well and also to check how the economy is being reflected in the market. We all know that inflation is low, the cedi has become strong and the policy rate has reduced, so we have to see how that reflects in the pocket of the average Ghanaian,” she said.
“I am excited about what I am hearing. The traders themselves are telling me how the market is booming. That is evidence that the measures the President has put in place are ensuring that citizens benefit from good governance,” she added.
She stressed it was important for them to reduce prices to enable consumers to fully enjoy the benefits of the improving economy.
“What I have told the market women and men is that they should keep on reducing the prices of goods. It is encouraging that the cedi is stable and prices have come down, and since the cedi is still appreciating, they can do more so that the benefits can reach everybody,” she said.
Meanwhile, the Ghana Union of Traders Association (GUTA) has also asked to address the influx of foreigners in the trade sector.
GUTA National Vice President Clement Boateng made the appeal during a visit to Makola Market by the Minister for Trade, Agribusiness and Industry, Elizabeth Ofosu-Adjare, accompanied by Accra Metropolitan Assembly Mayor Michael Kpakpo Allotey on Tuesday, December 23.
“Foreigners are increasingly taking over the retail aspect of trade from our citizens. I have therefore suggested to the Minister that the Act regulating this sector should be reviewed and strictly enforced to address the situation next year,” he said.
