• Latest
  • Trending
Govt cannot push price reduction on traders- Trade Minister

Gov’t cannot push price reduction on traders – Trade Minister

May 14, 2025
China’s Path to Modernization Embraces Africa’s Progress, Ambassador Tells Media Fellows

China’s Path to Modernization Embraces Africa’s Progress, Ambassador Tells Media Fellows

August 4, 2025
Chinese Mission Backs Ghana’s 24-Hour Economy with Push for Local Manufacturing Investment

Chinese Mission Backs Ghana’s 24-Hour Economy with Push for Local Manufacturing Investment

August 4, 2025
Chinese Ambassador Inspires Media Fellows with Call to Shape Balanced Narratives on Ghana-China Relations

Chinese Ambassador Inspires Media Fellows with Call to Shape Balanced Narratives on Ghana-China Relations

August 4, 2025
Youth Minister links rise in violent crimes to substance abuse among youth

Youth Minister links rise in violent crimes to substance abuse among youth

August 4, 2025
Mobile money transactions hit GH¢323bn in June despite monthly dip

Mobile money transactions hit GH¢323bn in June despite monthly dip

August 4, 2025
Nigeria: Over 60 locals kidnapped by armed men in North-Western bandit raid

Nigeria: Over 60 locals kidnapped by armed men in North-Western bandit raid

August 4, 2025
Govt launches API-PNR systems to boost air safety and border security

Govt launches API-PNR systems to boost air safety and border security

August 4, 2025
Fire Guts Accra Tourist Information Centre: No Casualties Reported

Fire guts Accra Tourist Information Centre: No casualties reported

August 4, 2025
2025/26 Ghana Premier League Fixtures released [Full Schedule]

2025/26 Ghana Premier League Fixtures released [Full Schedule]

August 4, 2025
NDC holds parliamentary primaries in Akwatia today, August 4, ahead of September by-election

NDC holds parliamentary primaries in Akwatia today, August 4, ahead of September by-election

August 4, 2025
Thomas Partey set to sign for a new club in Spain

Thomas Partey set to sign for a new club in Spain

August 4, 2025
Ghana Education Service Warns Public Against Fake Recruitment Adverts and Appointment Letters

Ghana Education Service warns public against fake recruitment adverts and appointment letters

August 4, 2025
Happy Ghana
No Result
View All Result
  • Home
  • News
  • Sports
    • International Sports
    • Afcon2017
    • Afcon2019
    • Corporate Knockout
    • U17 World Cup
    • World Cup 2018
  • Entertainment
  • Business
  • Bizarre
  • Feature
  • More
    • Technology
    • Opinion
    • Lifestyle
  • Listen Live
  • Home
  • News
  • Sports
    • International Sports
    • Afcon2017
    • Afcon2019
    • Corporate Knockout
    • U17 World Cup
    • World Cup 2018
  • Entertainment
  • Business
  • Bizarre
  • Feature
  • More
    • Technology
    • Opinion
    • Lifestyle
  • Listen Live
No Result
View All Result
Happy Ghana
No Result
View All Result
Home News

Gov’t cannot push price reduction on traders – Trade Minister

in News, Top Story
Govt cannot push price reduction on traders- Trade Minister

Govt cannot push price reduction on traders- Trade Minister

Share on FacebookShare on TwitterShare on Whatsapp

Trade, Industry, and Agribusiness Minister, Elizabeth Ofosu-Adjare, has stated that the government cannot force traders to lower prices, despite the recent strengthening of the Cedi and easing inflation.

She explained that Ghana’s liberalized market system restricts the government’s power to impose price controls, making dialogue the most effective way to secure relief for consumers.

The Minister’s remarks came after a closed-door meeting with key business groups, including the Ghana Union of Traders Association (GUTA), the Association of Ghana Industries (AGI), and the Food and Beverage Association of Ghana (FABAG).

She noted that some manufacturers have already signaled their readiness to lower prices, driven by recent macroeconomic improvements like a stronger Cedi and falling inflation.

“The meeting has been fruitful and we have said that the government does not have the power to control prices, but it has the power to negotiate with our stakeholders to ensure traders, manufacturers, and consumers take advantage of opportunities when they happen.

“I am happy to inform you that the direct importers have agreed to reduce their prices, some have already started that. We have also heard from GUTA and AGI that it is good that the Cedi has stabilised but they need a bit of time for it to reflect in the prices. It will happen gradually,” she stated.

Tags: GhanapricereductionTradeTrade Minister

Subscribe to receive notification everytime a new post is published. We promise to be discrete.

Unsubscribe
Previous Post

Senegal: Irregular migration doubles as fishermen face fishing crises

Next Post

President Mahama to embark on “Thank You” visit to Upper West Region

Next Post
President Mahama to embark on "Thank You" visit to Upper West Region

President Mahama to embark on "Thank You" visit to Upper West Region

Search

No Result
View All Result

Listen Live

Happy Kaseɛbɔ 600AM news bulletin
Happy Kaseɛbɔ 600AM news bulletin

BBC Match of the Day Africa

Happy Ghana

Recent News

  • China’s Path to Modernization Embraces Africa’s Progress, Ambassador Tells Media Fellows
  • Chinese Mission Backs Ghana’s 24-Hour Economy with Push for Local Manufacturing Investment
  • Chinese Ambassador Inspires Media Fellows with Call to Shape Balanced Narratives on Ghana-China Relations
  • About
  • advertise
  • Privacy Policy
  • Contact Us

© 2025 Happy FM – Powered by Ghana’s leading radio network. Designed with passion by Global Media Alliance.

No Result
View All Result
  • Home
  • News
  • Sports
    • International Sports
    • Afcon2017
    • Afcon2019
    • Corporate Knockout
    • U17 World Cup
    • World Cup 2018
  • Entertainment
  • Business
  • Bizarre
  • Feature
  • More
    • Technology
    • Opinion
    • Lifestyle
  • Listen Live

© 2025 Happy FM – Powered by Ghana’s leading radio network. Designed with passion by Global Media Alliance.