Ghana’s cedi has surged to global prominence, emerging as the world’s best-performing currency after appreciating by nearly 16% against the US dollar since April 2025, according to Bloomberg.

Amid this resurgence, Joyce Bawah Mogtari, Special Aide to former President John Dramani Mahama, has urged the business community to respond fairly and responsibly by reducing prices of goods and services. “If we can increase prices when the cedi weakens, we must be willing to reduce prices when the cedi strengthens. That is what equity demands,” she said.

Her remarks follow news that inflation fell to 21.2% in April, down from 22.4% the previous month—a trend she believes should trigger downward adjustments in market prices.

Madam Mogtari singled out Orca Deco, a leading retailer of home and office furniture, for praise after the company announced a 15% price reduction in response to the cedi’s appreciation.
“They did not wait for pressure from the public or hide behind logistics excuses. Instead, they passed on the benefit to customers,” she noted, describing the move as principled and commendable.

She contrasted Orca Deco’s proactive stance with what she described as the silence and inaction of other sectors, many of which were once quick to blame the falling cedi for relentless price hikes.

“Where are the importers who once blamed the dollar for every increase? Where are the fuel distributors? Where are the traders?” she questioned, calling for a collective sense of economic responsibility.

As the cedi gains ground and inflation cools, Madam Mogtari insists it is time for ethical pricing to match the country’s improving macroeconomic indicators.