
Fire emerges as businesses’ biggest risk, traders willing to pay GH¢25 weekly for insurance
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28th September 2022 2:00:38 PM
2 mins readBy: Phoebe Martekie Doku
Residents of Wuru, a community in the Sissala East Municipality of the Upper West Region, have reportedly avoided using the Ghana cedi as a legal tender for trading following its continuous depreciation.
The Wuru residents have resorted to using the West African CFA franc, which is used by a number of West African countries such as Benin, Burkina Faso, Mali, Senegal, and Togo in their trade with people from neighbouring countries. Upper West Region: Wuru community residents refuse to trade in Ghana cedis prefer CFA
“People come here to tell us that it is illegal for us to spend the CFA other than the cedis. We also tell them it is not our fault because the only way for us to survive is to accept the CFA since all the goods come from Burkina-Faso,”he said.
The area’s head, Wurupio Mahama Bataachia Dawuri IV, who spoke to the media, argued that residents’ decision to not trade in the Ghana cedi is not far-fetched as they are yet to see a major development in the area by the government.
According to him, members of the town no longer regard themselves
as Ghanaians and, therefore, are on the lookout for themselves. ”We think of ourselves as being in a neutral zone. Nobody cares about us, so we don’t know if we
belong to Ghana or Burkina Faso,”he said.
The lack of good roads is one of the major challenges facing the community, with a population of over 3,000 that engage in animal
and crop farming. Also, there is no network service available in the area, so residents have been unable to register for their Ghana cards.
To ensure the use of the Ghana cedi during commerce, the people of Wuru have called on the government to see to it that the Sissala East Municipality sees an
uplift.
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