Audio By Carbonatix
The Minority has expressed concerns that the current challenges facing the Ghana cedi are far from resolved, warning that the situation is expected to worsen.
With the local currency now trading between GH₵14.50 to GH₵15 to the dollar, traders have indicated that they are passing the increased costs onto consumers, leading to a notable rise in the prices of goods and services.
The free fall of the cedi has caused significant distress among traders nationwide, who are reporting severe impacts on their businesses. Many in the business community are increasingly troubled, with some facing mounting debts. The Food and Beverages Association of Ghana (FBAG) have highlighted that the prevalent business model of selling on credit has exacerbated the problem, as importers struggle to repay their debts.
Watch how $1 reached GH₵15
Just press PLAY
Latest Stories
-
Over 2,800 crates of eggs sold at The Multimedia Group’s X’mas Egg Market as consumers express satisfaction
8 minutes -
Police to enforce ban on unauthorised use of sirens and strobe lights
22 minutes -
Newsfile to discuss Kpandai rerun halt, Ofori-Atta’s extradition fight, and Bawku Mediation Report
1 hour -
Between imperialism and military rule: The choiceless political reality in West Africa
1 hour -
One killed, 13 injured in head-on collision at Ho
1 hour -
Techiman Police arrests three suspects in drug-related activities
1 hour -
John Kumah’s widow, Lilian Owusu remarries
2 hours -
Mastercard boosts Africa acceptance network by 45% in 2025, accelerating the continent’s digital economy
2 hours -
GNFS to clamp down on traders blocking Fire Hydrants after Cantoments Barracks blaze
2 hours -
Minority raises concerns over revised lithium agreement
2 hours -
Developing countries paid more in debt service in 2025 – World Bank
2 hours -
Education Minister raises concern over prolonged CETAG strike
2 hours -
MUSIGA Greater Accra names AMISTY GH Discovery Artist of the Year
2 hours -
Vice President honours Nkrumah’s photographer, Chris Hesse, for safeguarding national memory
2 hours -
3 arrested for impersonating Speaker, IGP on social media
2 hours