Adopt measures to sustain gains – GUTA president urges Finance Minister ahead of 2026 Budget

The Ghana Union of Traders Association (GUTA) president, Dr Joseph Obeng, has urged the Finance Minister to introduce policies that will enhance the country’s economic recovery and sustain recent gains.

Speaking on JoyNews’ PM Express on Tuesday, November 12, he said traders are looking forward to a budget that strengthens the progress already made.

“The Finance Minister is going to read another budget, a budget that he has committed himself to in the past, that has started working, of course, in our favour, as you said,” he stated.

He said the business community expects continuity and practical measures to keep the current momentum.

“And so all that we need the Finance Minister to do this time round is to adopt measures that will sustain these gains that we are having, and even further enhance them,” he said.

According to him, key economic indicators are beginning to show improvement.

“We have the indicators that are very positive for businesses,” he noted.

“The inflation has come down. The exchange rate, as we are talking, has also come down. The stability of the cedi looks right.”

Dr Obeng, however, cautioned that interest rates remain a major concern.

“What we need is inflation should also commensurate with the interest rates. I think the interest rate is still higher, and that issue commensurate with the rate of inflation,” he said.

He emphasised that traders expect policies in the upcoming budget that will translate these positive indicators into real relief for businesses and the wider economy.

DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.

DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.