• 3Sports
  • Home
  • MG Radio
3news
Advertisement
  • Home
  • News
  • Politics
  • Business
  • World
  • Showbiz
  • 3Sports
  • Lifestyle
  • Tilapia
  • MORE
    • Education
    • Features
    • Tech
    • Health
    • GMB
    • Mentor
    • Coronavirus
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • World
  • Showbiz
  • 3Sports
  • Lifestyle
  • Tilapia
  • MORE
    • Education
    • Features
    • Tech
    • Health
    • GMB
    • Mentor
    • Coronavirus
No Result
View All Result
3news
No Result
View All Result
Home Top Business

GUTA lauds gov’t for stabilising Cedi but wants policy rate reduced

December 22, 2020

The Ghana Union of Traders Association (GUTA) has extolled the government for stabilizing the exchange rate despite calling for significant reduction in the policy rate.

Members of GUTA are positive that their businesses will grow considerably and boost the economy if the government continues to strengthen the Cedi on the international market.

President of GUTA Dr. Joseph Obeng in an interview on the Yen Sempa morning show on Onua FM on Tuesday, December 22 reiterated that businesses were hugely affected by the Covid-19 pandemic but was quick to praise the government for its pragmatic measures in stabilizing the exchange rate.

“The exchange rate is very stable but what we want the government to consider doing for us is reducing the interest because most of our members are solely dependent on bank loans”.

RelatedPosts

GUTA vows to close more shops

October 16, 2020

Resolve all trade-related issues now that you’re Ecowas Chairman – GUTA to Akufo-Addo

September 9, 2020

GUTA gives foreign retailers in Koforidua by August 31 to close shops

August 16, 2020

Dr Obeng told host Nana Okyere Awurukuo that the rate at which GUTA members applied for the Covid-19 stimulus package clearly indicates that most businessmen survive on bank loans.

He revealed that the National Board for Small Scale Industries (NBSSI) Covid-19 stimulus package was oversubscribed from 200,000 people to 850,000 people, meaning that traders are interested in affordable credit facilities.

He thus appealed to the government to facilitate a compelling mechanism that would allow the commercial banks to reduce their policy rate or set up a parallel bank or fund with less interest rate for traders.

Touching briefly on recent infernos at market places, Dr. Obeng said such acts whether politically motivated or not should be stopped immediately to safeguard traders.

He stated that he doesn’t believe the fire outbreaks are politically motivated but thus called for forensic investigations to ascertain the causes.

By Maxwell Otoo|Onua FM|3news.com|Ghana

Previous Post

Market Fires: Invite John Boadu to assist in investigations – Dr Mensah

Next Post

NDC goes to court on Dec 28?

Related Posts

Business

GUTA vows to close more shops

October 16, 2020
Business

Resolve all trade-related issues now that you’re Ecowas Chairman – GUTA to Akufo-Addo

September 9, 2020
Business

GUTA gives foreign retailers in Koforidua by August 31 to close shops

August 16, 2020
Business

GUTA increases prices due to Covid-19

July 2, 2020
Business

GUTA not satisfied with UNIPAS transitional arrangement

June 5, 2020
Business

Bank of Ghana maintains policy rate at 14.5 per cent

May 15, 2020
Next Post

NDC goes to court on Dec 28?

Discussion about this post

Stay Connected

  • 1.7M Fans
  • Trending
  • Comments
  • Latest

COVID-19: Hydrogen peroxide provides immediate protection – Prof Ayettey

January 22, 2021
20-year-old girl murdered at Doryumu

20-year-old girl murdered at Doryumu

January 12, 2021

Election Petition: EC admits possible errors in collation of presidential results

January 11, 2021

NDC heads to Supreme Court over the declaration of NPP & Fomena MP as majority in Parl.

January 18, 2021
Mahama’s legal team delaying hearing process for media spectacle – Oppong Nkrumah

Election Petition: Mahama’s yet another application at SC unfortunate – Oppong Nkrumah

January 25, 2021
Dismissal of our motion shocking – Mahama’s legal team

Election Petition: Mahama files yet another application at Supreme Court

January 25, 2021
2020/21 Women’s Premier League wrap-up: Berry Ladies to southern table, Lady Strikers fight Back to beat Thunder Queens

2020/21 Women’s Premier League wrap-up: Berry Ladies to southern table, Lady Strikers fight Back to beat Thunder Queens

January 25, 2021
Working with Shatta Wale is like working in a military camp – Addi Self

Working with Shatta Wale is like working in a military camp – Addi Self

January 25, 2021

Recent News

Mahama’s legal team delaying hearing process for media spectacle – Oppong Nkrumah

Election Petition: Mahama’s yet another application at SC unfortunate – Oppong Nkrumah

January 25, 2021
Dismissal of our motion shocking – Mahama’s legal team

Election Petition: Mahama files yet another application at Supreme Court

January 25, 2021
2020/21 Women’s Premier League wrap-up: Berry Ladies to southern table, Lady Strikers fight Back to beat Thunder Queens

2020/21 Women’s Premier League wrap-up: Berry Ladies to southern table, Lady Strikers fight Back to beat Thunder Queens

January 25, 2021
Working with Shatta Wale is like working in a military camp – Addi Self

Working with Shatta Wale is like working in a military camp – Addi Self

January 25, 2021
3news

3news.com is the fastest growing news portal in Ghana. Get all breaking news updates, latest news headlines, local and world stories, showbiz, lifestyle etc.

Follow Us

Browse by Category

Recent News

Mahama’s legal team delaying hearing process for media spectacle – Oppong Nkrumah

Election Petition: Mahama’s yet another application at SC unfortunate – Oppong Nkrumah

January 25, 2021
Dismissal of our motion shocking – Mahama’s legal team

Election Petition: Mahama files yet another application at Supreme Court

January 25, 2021
  • 3Sports
  • Home
  • MG Radio

© 2021 Media General - Developed and managed by MG Digital.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • World
  • Showbiz
  • 3Sports
  • Lifestyle
  • Tilapia
  • MORE
    • Education
    • Features
    • Tech
    • Health
    • GMB
    • Mentor
    • Coronavirus

© 2021 Media General - Developed and managed by MG Digital.