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GUTA President Highlights Local Currency Stability as Key Concern

Comfort Sweety Hayford by Comfort Sweety Hayford
1 year ago
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The President of the Ghana Union of Traders' Associations (GUTA), Dr. Joseph Obeng, has emphasized that the association's primary concern is the stability of the local currency.
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The President of the Ghana Union of Traders’ Associations (GUTA), Dr. Joseph Obeng, has emphasized that the association’s primary concern is the stability of the local currency.

Dr. Obeng highlighted that GUTA has contributed to the growth of small and medium-sized enterprises (SMEs) by providing funds as a mitigation factor.

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He explained that these funds, when directed to targeted areas, have a positive impact on the economy thereby urging the government to sustain the economic gains, noting their crucial importance for the business community.

Speaking on JoyNews, the GUTA President remarked, “We think that overall, if we look at most of the figures, even with the debt restructuring and all that, we have come this far, and it can be said that it is inspiring some hope and confidence into the system.”

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Dr. Obeng stressed that the government must make every effort to sustain this growth, strengthen the local currency, and further reduce inflation so that businesses can thrive again.

Read Also: Akufo-Addo Inaugurates Police Housing Project

Source: Comfort Sweety Hayford/ATLFMNEWS

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