GUTA applauds government for economic gains, urges sustained reforms

The Ghana Union of Traders’ Associations (GUTA) has lauded the John Dramani Mahama-led government for what it describes as significant strides toward economic stability, citing recent macroeconomic indicators as signs of progress.

In a statement issued on December 22, 2025, GUTA noted that Ghana’s economy grew by 5.5 per cent in the third quarter of 2025, with the agriculture and services sectors driving the expansion. The association also pointed to the relative stability of the Ghanaian cedi and a decline in inflation to 6.3 per cent in November 2025 as further evidence of improving economic conditions.

According to GUTA, the current monetary policy rate of 18 per cent—one of the lowest in recent years—reflects enhanced financial stability and effective policy management. The association commended the government for implementing monetary and fiscal measures that have contributed to these positive outcomes.

GUTA encouraged the government to sustain policies that address persistent challenges such as access to foreign exchange, support for local businesses, and the promotion of inclusive economic growth.

“GUTA commends the government’s efforts in implementing policies that have contributed to this growth, particularly the monetary policy adjustments. We urge them to continue with sustainable policies that address challenges like forex access, support local businesses, and promote economic inclusivity,” the statement said.

The association also appealed to traders to reflect the improved economic conditions in their pricing, urging them to pass on the benefits to consumers through price reductions during the festive season.

“GUTA continuously urges traders to pass on the benefits of this economic progress to consumers. Reduce prices to match the economic wins we’ve made. Let’s make Christmas merry for all,” the statement added.

The statement was signed by Clement Boateng, President of GUTA, on behalf of the association.