Ghanaians call traders out for refusing to reduce prices as cedi appreciates

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Asakramitoga 7 months ago

These NPP Abbosey Okai spare parts traders. Am not surprised at their behaviour

These NPP Abbosey Okai spare parts traders. Am not surprised at their behaviour
ONLY NEW STOCK 7 months ago

You buy a bottle of coke at ghs 10 to sell at 11. All of a sudden cedi appreciate and then you are told to sell at ghs 7. So you will lose ghs 3. What if the cedi depreciate again then you will certainly lose your capital. On ...
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You buy a bottle of coke at ghs 10 to sell at 11. All of a sudden cedi appreciate and then you are told to sell at ghs 7. So you will lose ghs 3. What if the cedi depreciate again then you will certainly lose your capital. Only new stock bought at a lower price can have low prices.
.mr amin 7 months ago

No justification for not reducing prices the traders are wicked

No justification for not reducing prices the traders are wicked
Thinker 7 months ago

They can reduce the prices and sell the current stock. Then exchange the cedi to get more dollars at a much lower rate which keeps going down daily. This will allow them to get more merchandise unless they plan on not doing b ...
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They can reduce the prices and sell the current stock. Then exchange the cedi to get more dollars at a much lower rate which keeps going down daily. This will allow them to get more merchandise unless they plan on not doing business anymore. The traders are greedy and do not understand holding on to merchandise is wasting time therefore wasting money. Buyers should stop purchasing except necessities and let's see what they will do with their stock. These sellers forget they are nothing without the buyers!
Obibini 7 months ago

Everyone knows that Ghanaian traders are greedy, period. They are quick to increase prices when the cedi depreciates against the dollar but when it appreciates, they are reluctant to reduce prices. How could this be? The gove ...
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Everyone knows that Ghanaian traders are greedy, period. They are quick to increase prices when the cedi depreciates against the dollar but when it appreciates, they are reluctant to reduce prices. How could this be? The government should open more state owned stores to sell goods to the masses at control prices. This would stop the stupidity of the traders.
Your era 7 months ago

No trader should reduce his or her goods because the cedi appreciation is not sustainable. Moreover your rent , utility bill is still same and if you go to the hospital do think the doctors are going to charge you less.

No trader should reduce his or her goods because the cedi appreciation is not sustainable. Moreover your rent , utility bill is still same and if you go to the hospital do think the doctors are going to charge you less.
Obibini 7 months ago

People like you are nation wreckers. How could you compare prices of goods to rent? It should start from somewhere. Today, the drivers are reducing prices and they are not saying that rents are still high. One step at a time. ...
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People like you are nation wreckers. How could you compare prices of goods to rent? It should start from somewhere. Today, the drivers are reducing prices and they are not saying that rents are still high. One step at a time. Food prices and transportation costs are everyday expenses that is why it’s important to talk about that first. Think, ok?
Your era 7 months ago

We have free market so the government cannot compel any trader to reduce his or her goods

We have free market so the government cannot compel any trader to reduce his or her goods
Truthfully 7 months ago

This deserves a critical deliberations. I think must set example by reducing water bills, electricity bills, duties, taxe rates, health bills, ect because they also have appreciated accordingly within the period.

This deserves a critical deliberations. I think must set example by reducing water bills, electricity bills, duties, taxe rates, health bills, ect because they also have appreciated accordingly within the period.
Truthfully 7 months ago

I think this deserve a critical deliberations because government to increased water bill, electricity bills, duties, taxe rates, hospital bills, etc. within the period. So government reducing those bills will be a good exampl ...
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I think this deserve a critical deliberations because government to increased water bill, electricity bills, duties, taxe rates, hospital bills, etc. within the period. So government reducing those bills will be a good example and starter.

Padi 7 months ago

One bag of cocoa was 160,000ghc last year, today it is 110,000ghc. The government should pay the difference.

One bag of cocoa was 160,000ghc last year, today it is 110,000ghc. The government should pay the difference.
Justice 7 months ago

Most Ghanaians do not fear God and are very greedy. You will not find it in any country except Ghana. If it is believed that majority of Ghanaians are Christians, then it must reflect in our characters.
Greediness does not ...
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Most Ghanaians do not fear God and are very greedy. You will not find it in any country except Ghana. If it is believed that majority of Ghanaians are Christians, then it must reflect in our characters.
Greediness does not attract blessings from God but in the long run, it only results in misery.
Tsotsoo 7 months ago

Some traders are so heartless that they will keep the things to rot rather than reduce prices. Ghanaians are never like Nigerians who will reduce prices to clear the goods and quickly buy more at a reduced price. But let's wa ...
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Some traders are so heartless that they will keep the things to rot rather than reduce prices. Ghanaians are never like Nigerians who will reduce prices to clear the goods and quickly buy more at a reduced price. But let's wait and see. We will also reduce the quantity we used to buy until prices come down. Thank you.
Hannan 7 months ago

;)) Single women are waiting for you on -->> Fun4.top

;)) Single women are waiting for you on -->> Fun4.top
Former President 7 months ago

Greedy stupid people. Obviously you sell and buy more at a lower rate.

Greedy stupid people. Obviously you sell and buy more at a lower rate.
Bazz 7 months ago

Don't talk too much, over time demand and supply factors will set the market price, when everyone start selling a bottle of malt for ghc8, u alone should sell it for Ghc10 and see if people will buy. Simplicta

Don't talk too much, over time demand and supply factors will set the market price, when everyone start selling a bottle of malt for ghc8, u alone should sell it for Ghc10 and see if people will buy. Simplicta
Agbalagba 7 months ago

Solve the problem permanently by making the dollar Ghana's currency.
Then this discussion will be over permanently

Solve the problem permanently by making the dollar Ghana's currency.
Then this discussion will be over permanently
Truthfully 7 months ago

This same traders were the cause of abnoal price increases that happened under Nana Addo second term yet NDC blamed NPP. and would not take any explanation. Tje traders took advantage during the Covid but NPP were not smart ...
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This same traders were the cause of abnoal price increases that happened under Nana Addo second term yet NDC blamed NPP. and would not take any explanation. Tje traders took advantage during the Covid but NPP were not smart but blame it solely on the Russia - Ukrain and Covid. I thought after the Covid, they should have forced traders to reduce prices back to pre-Covid prices. But trader left so and kept increasing. This ongoing price reduction brouhaha is a smart delebrate agenda set by NDC and seems to be promising. Some NDC people during the election victory celebration kept saying they will reduce their prices and also compel trader to follow . Low for Mahama and behold that's exactly what is happening.
Truthfully 7 months ago

This is a smart move by NDC and I am hoping it works to stabilize the economy.

This is a smart move by NDC and I am hoping it works to stabilize the economy.
Government immediate action 7 months ago

Imagine the importers are using less than half their sales to replace their goods and the rest is all profit and they will not change until the GRA does a calculation and say o k we will take half of the extra profit you are ...
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Imagine the importers are using less than half their sales to replace their goods and the rest is all profit and they will not change until the GRA does a calculation and say o k we will take half of the extra profit you are now making.

Don G 7 months ago

The traders are the real "Kalabole" people in this country.They are quick to increase prices but very reluctant to reduce.
The free zones companies make so such money without paying anybtaxe& they don't think about the final ...
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The traders are the real "Kalabole" people in this country.They are quick to increase prices but very reluctant to reduce.
The free zones companies make so such money without paying anybtaxe& they don't think about the final consumer
Dondo 7 months ago

The government itself increased electricity tariff by a whopping 14.7% and water tariff by 4% despite the cedi appreciating against the dollar. Why should traders reduce their prices when they have to pay higher tariffs for t ...
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The government itself increased electricity tariff by a whopping 14.7% and water tariff by 4% despite the cedi appreciating against the dollar. Why should traders reduce their prices when they have to pay higher tariffs for their businesses and home?
Mr Acheampong 7 months ago

A trader borrowed money from his bank to buy dollars to import goods. He borrowed 16,000 cedis for 1,000 dollars. Now his goods have arrived and you want him to sell his goods for 10,000 cedis because the cedi is now strong. ...
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A trader borrowed money from his bank to buy dollars to import goods. He borrowed 16,000 cedis for 1,000 dollars. Now his goods have arrived and you want him to sell his goods for 10,000 cedis because the cedi is now strong. How does he pay the bank the balance of the money he borrowed?
Obibini 6 months ago

Everyone knows that Ghanaian traders are greedy, period. They are quick to increase prices when the cedi depreciates against the dollar but when it appreciates, they are reluctant to reduce prices. How could this be? The gove ...
read full comment

Everyone knows that Ghanaian traders are greedy, period. They are quick to increase prices when the cedi depreciates against the dollar but when it appreciates, they are reluctant to reduce prices. How could this be? The government should open more state owned stores to sell goods to the masses at control prices. This would stop the stupidity of the traders.

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Ghanaians call traders out for refusing to reduce prices as cedi appreciates

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