Wia dis foto come from, Favour Nunoo/BBC
Some merchants for Ghana lock up dia outlets to protest in opposition to what dem say be worsening financial situations in de nation.
De merchants, primarily members of GUTA say dem go maintain dia outlets locked for 5 days as a part of de protest to register dia displeasure in direction of govment.
Store assistant for Accra, Kingsley speak BBC Pidgin say de charge at which de cedi dey depreciate in opposition to de greenback dey fear.
“Enterprise no dey go on, in the event you give buyer proforma bill this week wey dem come the next week to purchase de value change.”
“De buyer go really feel say you dey need cheat and however e be sake of de greenback go up wey in the event you promote at de value from de earlier week you go make loss” he add.
President of GUTA, Dr. Joseph Obeng say de protest go drive house de urgency of de state of affairs to govment.
“We no dey govern ourselves, and if one thing dey go in opposition to you wey e dey destroy what you are promoting, you then for make authorities know.”
“Most individuals know say downside dey for Ghana. De change dey go up, however none of dem know de warmth as a lot as de dealer.”
Wia dis foto come from, Favour Nunoo/BBC
Costs improve by over 100% sake of cedi depreciation
Wia dis foto come from, Favour Nunoo/BBC
Merchants for Ghana say de cedi to greenback change charge dey trigger large inflation of products.
“Worth of cooker, which value Ghc600 round January dis 12 months now dey value Ghc1400… Dis be over 100% improve” Kingsley speak BBC Pidgin.
He clarify say sake of dis value will increase dem no dey match make gross sales, de merchandise dem dey promote no dey transfer sak of consumers no match purchase.
Kingsley admit say de protest go have an effect on he and en household sake of he dey strive make gross sales to handle dem however de protest be essential to ship de sign to govment say dem for handle de financial points.
Ghana cedi be worst performing forex in de world – Bloomberg
Wia dis foto come from, Favour Nunoo/BBC
Newest report by Bloomberg de Ghana cedi at present be de worst-performing forex in opposition to de US greenback in de World.
In de newest monitoring of 148 currencies throughout de World, dem challenge say de cedi depreciate by about 45% dis 12 months.
On Monday alone, Bloomberg report say de cedi depreciate by 3.3% to commerce at Ghc11.2750 to $1 greenback.
However in accordance with Ghanaian economist, Professor Godfred Bokpin de cedi depreciate much more on de black market the place e dey commerce at over Ghc12 to $1 greenback.
Ghanaian Economist Professor Godfred Bokpin speak BBC Pidgin say “dis be in line with wanna understanding, de dimension dem carry be de comparative evaluation forex dem do by monitoring forex efficiency throughout de World.”
“Should you verify de information dem out out you no match problem dia report, e dey mirror de actuality significantly for us wey dey Ghana” he add.
Based on de Economist, “de report affirm say home coverage failure and never exterior shocks like de Russia-Ukraine, Covid-19.”
