The Ghana Union of Traders Association (GUTA) has asked government to implement a comprehensive plan in order to stablise the country’s depreciating currency.
According to the Association, the continuous depreciation of the cedi to the dollar is adversely impacting business activities, contributing to the current economic hardships.
Vice President of GUTA, Clement Boateng, on Accra-Based Citi News suggested some measures that can be considered by the government in addressing the problem.
“Everything that we do is benchmarked on the dollar and we think the government must do something about the situation. If we talk about the telcos, the oil and extractive sectors, at the end of the year, they are repatriating their profits back, and you can see the chunk of monies they take from here so the government must look at its investment laws,” he said.
GhanaFeed.com