Accra's economy slows down as traders protest by closing their stores

 


Most traders have backed the Ghana Union of Traders Association's (GUTA) protest against Ghana's currency problems and the rising cost of living.

A considerable number of traders had opened their shops for business even though the majority of them had joined the protest by sealing their stores.

Only roughly a third of the stores at Tudu, for instance, were closed in solidarity of the protest.


One trader who opened his business remarked, "I don't believe in closing shops, but I am wearing this [red band] to show the government that I am really disturbed about our capital that is going down."

However, nine out of ten stores in the Makola mall neighborhood were shut down in response to the protest. The majority of the dealers that shut down their businesses imported their goods.

There were not many hawkers who set up shop inside the precincts to peddle their items.


Due to the demonstration, there was far less human and vehicle activity than usual, and head porters who assist with transporting goods were spotted sitting around.

Members of the council of state attempted to persuade the traders to end the protest by meeting with the leadership of the GUTA.

Before the demonstration, the dollar had surpassed the 11-cedi threshold, and business insiders had predicted that the Ghanaian cedi would continue to decline.

ABDUL-WAHAB

VOV stands for Voice Of Volta, we are the mouthpiece for the second-largest local dialect spoken in Ghana. But our programing is 70% English and we are heavy on sports and entertainment, we provide good music, credible and reliable news.

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