According to the Ghana Union of Traders Association (GUTA), its members would continue to shut down their businesses in the Greater Accra Region on Wednesday, October 19, 2022, to express their displeasure with the current economic difficulties.
This is despite interaction with Council of State members on Tuesday, October 18, to persuade the body to change its mind. According to GUTA, the current high cost of doing business has made the protest necessary.
They assert that the ongoing devaluation of the local currency on the exchange market and the high inflation rate have made their situation worse.
At many forex bureaus right now, a dollar is selling for more than GH12. Dr. Joseph Obeng, the president of GUTA, addressed the media following the meeting with the Council of State members.
“It is obvious that we cannot contain these challenges any longer as it is becoming increasingly challenging. We want to send a hint to the government to recognize that, there is a sense of urgency in this situation.
On this note, by the power vested in me by the trading community, I declare that all shops in the Greater Accra be closed tomorrow till Monday”.
GUTA’s protest follows the Adum Business Community in Kumasi closing down shops for five days because of the implementation of tax policies concerning VAT.
The traders in Adum reopened their shops after meeting with government representatives.
Samson Asaki Awingobit, executive secretary of the Importers and Exporters Association of Ghana, told Citi News that the directive’s duration would be announced tomorrow as part of efforts to press the government to address the problems that the business community is currently experiencing as a result of the current economic crisis.
“We want the government to respond immediately, and so we are encouraging all wholesalers and retailers to close their shops. It is for their own interest because businesses are suffocating and government has no sympathy for businesses.”