Finance Minister, Dr. Mohammed Amin Adam, met with the leadership of the Food and Beverage Association of Ghana (FABAG) to discuss the economy, food pricing, and ways to ease the burden on Ghanaians. The Minister assured FABAG that the recent appreciation of the cedi and economic stability are results of deliberate planning and prudent economic management, and that this stability is expected to be sustained.
The Minister emphasized the need for food prices to fall drastically, and FABAG confirmed that some price reductions have already occurred. The Minister appealed to other traders, including the Ghana Union of Traders Association (GUTA), to follow FABAG’s lead and work together to pass benefits on to Ghanaians.
The Minister also highlighted the government’s efforts to address structural issues such as port charges, levies, and smuggling, which impact prices. FABAG President, John Awuni, suggested a national campaign for price reduction, which the Minister seemed to endorse. The meeting aimed to find collective solutions to ease the economic burden on Ghanaians.
Sankofaonline
