The Bank of Ghana recently hosted a meeting with the Ghana Union of Traders Association (GUTA) at the Bank Square on April 4, 2025. The meeting aimed to discuss matters of mutual interest, particularly in the context of the Monetary Policy Committee (MPC) meetings.
GUTA, which represents the interests of traders in Ghana, has been vocal about the challenges faced by the trading community, including limited access to finance, unreliable electricity supply and complex customs regulations.
The Bank of Ghana assured GUTA of its commitment to creating a supportive macroeconomic environment that promotes sustainable growth, price stability and financial stability.
This meeting is part of the Bank’s broader stakeholder engagement efforts, which aim to foster collaboration and ensure that the needs of various groups are taken into account in the development of monetary policy.
By engaging with stakeholders like GUTA, the Bank of Ghana can better understand the challenges faced by businesses and develop targeted solutions to support economic growth and stability.
Key Issues Discussed:
- Access to Finance: Limited access to finance is a significant challenge for traders in Ghana.
- Electricity Supply: Unreliable electricity supply affects businesses and the overall economy.
- Customs Regulations: Complex customs regulations can hinder trade and economic growth.
Ruth Abla ADJORLOLO
