There was some misunderstanding among the business community in a meeting with members of the Council of State.

The closed-door meeting, which began in the morning of August 25, 2022, saw some members of the business community storm out amidst agitations.

The meeting was called after the Ghana Union of Traders Association (GUTA) threatened to close down their shops on Monday, August 29, 2022, if government does not put in measures to immediately halt the sharp depreciation of the cedi against the U.S dollar.

Meanwhile, the members of the trading community including the GUTA have rescinded the decision to close down their shops on Monday in protest over the depreciating cedi against the U.S dollar.

The decision was arrived at after the closed-door meeting with members of the Council of State on Thursday afternoon.

Joy Business is gathering that the members of the business community, which consist of Leadership of Market Women Associations,  Ghana Union of Traders Association, (GUTA) Mobile Phone Dealers, Abossey Okai Spare Parts Dealers Association, among others charged the Council to intervene immediately in finding a lasting solution to the falling cedi, a situation they lamented has been eroding their gains.

“There will be a press conference to address the media after signing a resolution to rescind the decision and also withdraw the intended demonstration,” some members of the trading community told Joy Business News.