Shops in Accra close down over high cost of living

Shops in Accra close down over high cost of living

Many shops in Accra have closed down in support of a protest by the Ghana Union of Traders Association (GUTA) over the high cost of living in the country.

While most of the traders joined the protest by locking their shops, a significant number of traders had opened their shops for trade.

At Tudu, for example, only about a third of shops were closed in support of the protest.

On October 18, the Ghana Union of Traders Association (GUTA), urged its members in Accra to close down their shops from Wednesday till Monday, October 24, 2022.

The move is to protest against rising inflation, depreciation of the Ghana Cedi and high lending rate due to an increase in the policy rate by the Bank of Ghana.

The President of GUTA, Joseph Obeng made the declaration on Tuesday at the forecourt of the Ghana International Conference Centre in Accra after a meeting with the Council of State.

The 1st Vice President of the association, Clement Boateng told the Daily Graphic in an interview that the closure of shops was necessitated by the government’s failure to address the concerns of traders after weeks of engagements.

He explained that the Council of State intervened when the association announced to embark on a strike action about two months ago and urged its leadership to engage the government before going ahead with the protest.

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