The President of the Ghana Union of Traders' Associations (GUTA), Dr. Joseph Obeng, stated that the association's main focus is on maintaining the stability of the local currency.He called on the government to continue supporting economic progress, which is essential for the business sector.Dr. Obeng highlighted that GUTA has played a role in the growth of small and medium-sized enterprises (SMEs) by providing funding as a mitigating measure.

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He noted that directing these funds to specific areas has a beneficial effect on the economy.In his mid-year budget review presented to Parliament on July 23, the Finance Minister reported that the economy is experiencing strong recovery, with a 4.7% growth in the first quarter of 2024.Dr. Adam credited this positive outcome to effective policy measures, strong economic management, and the steadfast resilience of the Ghanaian people.

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Speaking to the media, the GUTA President said, “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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The GUTA president emphasized the need for the government to make every effort to maintain this growth, bolster the local currency, and further reduce inflation to help businesses prosper once more.

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