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Ghanaian Traders Protest Rising Inflation in the Country

The Ghana Union of Traders Association (GUTA) says its members will continue to have their shops closed in spite of a plea by Council of State to rescind its strike action.

The aggrieved traders say the rising cost of goods, the spiraling Cedi and the high cost of doing business is the reason they shut shops.

Traders in the Ghanaian capital, Accra say they need government to act in order to stem worsening economic conditions.

A man holds Ghanian currency in his hands on September 20, 2016 in Accra, Ghana. Ty Wright/Bloomberg News

The Cedi fell by 72% in value this year and annual inflation has reached record 37%.

President Nana Akufo-Addo has blamed global factors, including the Covid pandemic and the ongoing war in Ukraine as reasons for .

On Monday, university lecturers in Ghana began a strike over unpaid vehicle allowances.

A Teacher earning a salary of 2500 Cedis in Ghana in January 2022 with a $430 monthly income, now receives same amount of salary which is worth $250.

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