Traders Refuse Price Cuts Despite Cedi Gains
Ghanaians have criticized traders for not reducing prices of goods despite the cedi's recent appreciation. Many Ghanaians have observed that traders quickly raise prices when the cedi depreciates but are slow to lower them when it recovers. Transport fares are expected to decrease by 15% on May 24, 2025, but some drivers are hesitant to comply, causing public agitation, with many labeling traders as "greedy." Scrap dealers at Abossey Okai have stated they will not reduce prices immediately, citing the cedi's appreciation as unstable and asking customers to wait two months for potential price reductions.
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