Dr. Joseph Obeng, President of the Ghana Union of Traders’ Associations (GUTA), has emphasized the association’s focus on the stability of Ghana’s local currency, the cedi.
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He called on the government to maintain the economic progress achieved so far, which is vital for the business community.
Dr. Obeng highlighted GUTA’s role in supporting small and medium-sized enterprises (SMEs) through funding, which has positively impacted the economy when directed to key areas.
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He stressed that continued efforts to stabilize the cedi and reduce inflation are crucial for the success of businesses.
In his mid-year budget review presented to Parliament on July 23, Finance Minister Dr. Mohammed Amin Adam reported a robust economic recovery with a 4.7% growth in the first quarter of 2024. This positive trend was attributed to effective policy measures and strong economic management.
Dr. Obeng echoed the sentiment of renewed hope and confidence, urging the government to build on this momentum to ensure sustained growth and stability in the currency.
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