Nana Addo begs traders not to profiteer as economy faces difficulties

President Nana Addo Dankwa Akufo-Addo has appealed to traders not to take advantage of the current economic quagmire to rip off consumers.

He said, the untold hardships are being experienced by all asking them to ‘keep an eye out for the greater good’, in the face of the cost of living crisis.

“I hear from the market queens also that another factor fueling the high prices is the high margins that some traders are slapping on goods, for fear of future higher costs. I say to our traders, we are all in this together. Please let us be measured in the margins we seek”, he said during his address on Sunday about the economy.

The president admitted the challenges brought on by the high fuel prices, transportation cost adjustments, the eroding business capital among others but urged the business community to manage the situation.

“I have great respect and admiration for the ingenuity and hard work of our traders, especially those that take on the distribution of foodstuffs around the country, and I would hesitate to join in calling them names. I do make a heartfelt appeal that we all keep an eye out for the greater good, and not try to make the utmost profits out of the current difficulties.”

 

 

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