The President of the Ghana Real Estate Developers Association (GREDA), Dr. James Condua Orleans-Lindsay, has urged Ghanaian businesses and citizens to show patriotism by lowering the prices of goods and services in response to the strengthening Ghanaian cedi.

Speaking during the inauguration of GREDA’s Executive Council Standing Committees and a stakeholders’ forum held on May 29, 2025, Dr. Orleans-Lindsay emphasized the importance of collective action in maintaining economic stability.

“We must be willing to endure short-term adjustments for long-term stability,” he stated. “If the cedi has appreciated, we all have a responsibility to reflect that in our prices. This is not just an economic necessity but a patriotic duty—for the good of the country.”

Dr. Orleans-Lindsay stressed that price reductions in line with the cedi’s gains would contribute to national development and improve the welfare of ordinary Ghanaians. He called on both businesses and individuals to prioritize the national interest over short-term profits.

His comments come at a time when the cedi is recording notable gains on the interbank market. According to the latest figures from the Bank of Ghana, the cedi is trading at GH¢10.27 (buying) and GH¢10.29 (selling) against the US dollar. The British pound is trading at GH¢13.82 (buying) and GH¢13.83 (selling), while the euro stands at GH¢11.59 (buying) and GH¢11.60 (selling).

As part of efforts to strengthen the association's impact and governance, GREDA also announced the formation of six new standing committees:


  • Technical and Projects Committee


  • Research and Development Committee


  • Finance and Audit Committee


  • Membership and Welfare Committee


  • Complaints, Disciplinary and Ethics Committee


  • Marketing, Publicity and Events Committee

“These subcommittees are instrumental in advancing GREDA’s mission,” Dr. Orleans-Lindsay noted. “They will help solidify our organization and expand our influence in Ghana’s housing and construction industry.”

The call for price moderation and structural improvements within GREDA reflects broader efforts to align private sector practices with the country’s improving economic fundamentals.