Member of Parliament for Sagnarigu, Issah Attah, has revealed that over 4,500 products on the Ghanaian market have seen a reduction in prices, following recent improvements in the performance of the cedi.
Speaking on The Big Issue on Channel One TV on Saturday, July 26, the MP, who serves on the Trade, Industry and Tourism Committee of Parliament, disclosed that this development was confirmed by the Association of Ghana Industries (AGI) during a recent stakeholder engagement on the disconnect between currency gains and retail prices.
“Go to the streets of Accra and ask people. Many will testify to the drastic reduction in the prices of goods. As a trade committee, we engaged key stakeholders including GUTA, AGI, the Importers and Exporters Association, and other relevant partners at the ports to understand why the cedi’s improved performance was not immediately reflected in market prices.”
According to him, the committee’s findings showed that while certain sectors had delayed in adjusting their pricing structures, data presented by the AGI indicated that over 4,500 items had already benefited from downward price adjustments in recent weeks.
“The report we received from AGI indicated that over 4,500 products in Ghana have already benefited from price reductions,” he said.
