Stable prices, empty pockets: Kantamanto trader urges cash injection ahead of 2027 budget
A trader at the Kantamanto Market in Accra, Susana Asabea, has appealed to the government to take urgent steps to put more money in the hands of ordinary Ghanaians, saying the apparent stability in prices has yet to translate into improved business for traders.
Susana Asabea, a vendor at Kantamanto Market in Accra, has called on the government to inject more funds into the hands of ordinary Ghanaians, arguing that while prices have stabilized, customers lack the means to purchase goods. Speaking on Joy News' PM Express program on November 11, ahead of the 2027 Budget presentation by Finance Minister Dr Cassiel Ato Forson, Ms Asabea expressed concern over the lack of purchasing power among consumers.
She explained that buyers were negotiating prices far below what traders paid, leading to significant losses for traders. For instance, an item bought for GH¢20 and sold at GH¢25 might be purchased by a customer for GH¢10 or GH¢15, resulting in a loss for the trader. Despite the stability in prices, Ms Asabea noted a slowdown in trading activity due to the shortage of money in circulation.
She urged the Finance Minister to use the 2027 Budget to improve the financial position of households and stimulate spending, emphasizing the need for increased purchasing power to boost business sales and meet financial obligations.
Written by urgent.news from Joy Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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- ‘Buyers have no money; we are sitting idle’ — Kantamanto trader myjoyonline.com
