The NDC Cadres’ Commendation of Price Reductions and Call for Further Action
The Gallant Cadres of the National Democratic Congress (NDC) have applauded the Ghana Private Road Transport Union (GPRTU) and segments of the trading community for reducing transport fares by 15% and lowering prices of goods, respectively. These reductions follow a recent appreciation of the Ghanaian cedi against the US dollar. The Cadres view these actions as patriotic and empathetic responses to the economic hardships faced by ordinary Ghanaians. They believe these price adjustments reflect a sensitivity to the plight of the citizenry and signify a positive shift towards a more equitable market system. The Cadres emphasized their commitment to advocating for policies that protect the interests of ordinary citizens and promote social justice. They see these price reductions as a step in the right direction and a tangible manifestation of their commitment to a fairer economic landscape for all Ghanaians.
The NDC Cadres, in a statement released on May 19, 2025, specifically urged the Ghana Union of Traders Associations (GUTA) to follow the GPRTU’s lead and implement price reductions across the market. They contend that the cedi’s appreciation and recent fuel price drops should translate into tangible relief for Ghanaians through lower prices for essential goods and services. The Cadres believe that these macroeconomic improvements should not remain abstract figures confined to financial reports but should positively impact the daily lives of all citizens. They called for GUTA to demonstrate leadership by actively informing its members about the improved economic conditions and encouraging them to adjust their prices accordingly.
The Cadres’ statement underscored the need for these price reductions to be not only substantial but also distributed equitably across the nation, ensuring that all Ghanaians, irrespective of their location or socio-economic status, benefit from the improving economic climate. They emphasized their ongoing commitment to championing a fairer market system that prioritizes the welfare of the ordinary citizen. They see this as a crucial step toward building an economy that tangibly improves the lives of all Ghanaians, reflecting in their households, pockets, and overall well-being. This reflects their core belief that economic progress should be inclusive and benefit all members of society.
The Cadres further called for collaborative efforts between government institutions, including the Ministry of Trade and Industry and the Ghana Standards Authority, and GUTA to ensure transparency and accountability in the pricing process. They asserted that consumers should not be burdened with inflated prices when the costs of importation, transportation, and production have decreased. Their call for transparency and accountability aims to prevent exploitation and guarantee that the benefits of the improved economic conditions reach the end consumer. This collaborative approach, according to the Cadres, is essential for building trust in the market system and ensuring fair pricing for all.
The statement also provided an analysis of the factors contributing to the cedi’s appreciation against the US dollar. These factors include improved Bank of Ghana gold reserves, the $3 billion Extended Credit Facility arrangement with the International Monetary Fund (IMF), the Bank of Ghana’s monetary policy decisions (such as reserving 15% of all deposits), reduced imports, improved export performance (especially in gold and cocoa), increased foreign exchange reserves, growing investor confidence, and favorable global economic trends. These combined factors, the Cadres argue, have created a positive economic environment that should translate into tangible benefits for the Ghanaian population.
The Cadres concluded their statement by emphasizing the collective responsibility to build an economy that functions effectively not just in theory but also in the practical realities of Ghanaian lives. They called for a concerted effort to translate macroeconomic improvements into concrete benefits for every citizen. This, they believe, is the true measure of a successful economy – one that tangibly improves the lives of all its people, reflecting positively in their homes, pockets, and overall quality of life. Their ultimate goal is to see economic progress that is inclusive and uplifts the entire nation.
