Depreciation of the cedi wreaking havoc on our businesses-GUTA

The Ghana Union of Traders has noted that the depreciation of the Ghana cedi against major currencies including the dollar gives cause for alarm.

It is their view that the depreciation of the cedi is taking a toll on their capital and wreaking havoc on their businesses.

“It is taking a heavy toll on our capital and wreaking havoc on businesses in the country and also increasing financial burden on the consuming public.”

According to GUTA, “It will require consented efforts by engaging all relevant stakeholders for urgent discussion and immediate solution to this menace.”

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