The Ministry of Trade, Agribusiness and Industry and trade associations have agreed to effect a significant reduction in prices of finished goods in the next two months if the cedi continues its good run against the US dollar and other major foreign currencies.
After a short meeting on May 14, 2025, Minister Elizabeth Ofosu-Adjare announced that all the associations have agreed to cut prices since some agencies have started reducing charges due to the appreciation of the Cedi.
Addressing Journalists after the meeting, Mrs. Ofosu-Adjare hinted that the negotiations have been fruitful and hopes that the outcome will be positive for the economy.
The meeting was attended by the Ghana Union of Traders Association, Association of Ghana Industries, Food and Beverage Association of Ghana among others.