The Greater Accra Markets Association (GAMA) has credited the government for the recent stability of the Ghanaian cedi, stating that the currency’s resilience is revitalising commercial activity and bringing relief to traders across the capital.
Speaking on Channel One TV’s Quarterly Economic Outlook on Monday, April 27, Naa Afrowa Dade Padua, President of GAMA and Queen of the Makola Market, said the cedi’s steadiness has eliminated the wild price volatility that once forced merchants to adjust prices within minutes.
“The cedi is now stable, and so we are happy. Formerly, if you had a box of milk at GH₵20 and you didn’t buy 30 or 40 boxes, by the time you returned, it would have increased to about GH₵40. So you are unsure how to sell your goods — whether to sell them or to wait,” she said.
“Now, the prices are stable. For us market women, we give credit to whom credit is due. We thank the government, the Finance Minister, and the Governor of the Bank of Ghana.”
According to Naa Afrowa Dade Padua, the improved economic environment has brought predictability to market operations, enabling traders to manage inventory and pricing with greater precision.
She also highlighted what she described as unprecedented engagement between state officials and market stakeholders, noting that both Bank of Ghana Governor Dr. Johnson Asiama and Finance Minister Dr. Cassiel Ato Forson have made direct visits to the markets to discuss economic issues affecting traders.
“Traders now feel substantially more acknowledged in national economic discourse,” she added.
