Traders Advocacy Group Ghana (TAGG) President, David Kojo Amoateng has said that the strength of the cedi is not reflecting in the daily lives of the ordinary Ghanaian.
According to him the challenges facing Ghanaian traders has further worsened even though the government keeps praising itself to have fixed the economy.
In an interview on Top Radio’s socio-political platform, Final Point show hosted by Kwabena Owusu Agyemang, Mr. Kojo Amaoateng stated that TAGG members across the country keep complaining which is a clear indication of the struggling state of the economy.
Ghana’s economy is currently experiencing a mixed bag of trends. While the country has shown impressive growth in the first half of 2024, particularly in the industrial and agricultural sectors, it also faces challenges related to debt, inflation, and poverty.
Ghana recorded a significant increase in real GDP growth in the first three quarters of 2024, with an average of 6.3%, a substantial leap from the 2.6% in the same period of 2023, according to a report from Ministry of Finance.
Speaking about the current exchange rates, Mr. Kojo Amoateng added that the various reports that the Ghana cedi is currently sold for GHS 10 on the currency market is false.
“I am not getting it at 10”, he told Kwabena Owusu Agyemang during the interview on Tuesday, July 8, 2025.
He also added that TAGG members are ever willing to reduce the prices of their goods and services if the cedi can be stable and maintain it’s position on the currency market.
