‘Prices will only fall if gains are sustained’ – GUTA boss defends market response

The president of the Ghana Union of Traders’ Associations (GUTA) says the reason prices of goods remain high despite the cedi’s recent gains is that the traders don’t trust that the gains will last. Dr. Joseph Obeng, speaking on JoyNews’ PM Express on Monday, May 12, said traders have been cautious because of what they’ve experienced in […]

2025 Budget welcoming, gov’t has shown good intentions – GUTA president

The President of the Ghana Union of Traders Association (GUTA), Dr. Joseph Obeng, has described the  2025 Budget Statement and Economic Policy as welcoming. This comes after the Finance Minister in the 2025 budget presentation announced the abolition of several taxes, including the Covid-19 levy, Betting Tax and E-Levy. In an interview on Joy FM‘s Newsnight […]

2025 Budget: GUTA calls for tax cuts, currency stability, and cost reductions

The Ghana Union of Traders’ Associations (GUTA) has expressed cautious optimism ahead of the government’s 2025 Budget Statement, emphasising the need for significant reforms to reduce the cost of doing business. The Association welcomed assurances from the new administration to streamline the tax system and cut down taxes, duties, and levies, which have long been […]

GUTA strike suspended

The Ghana Union of Traders Association has suspended its strike action. This is contained in a press release signed by the General Secretary of the Association, Alpha A. Shaban. According to the release, the decision comes on the back of a meeting with the King of the Ga State, Mantse Nii Tackie Teiko Tsuru II […]