GUTA Vice President calls for action against companies and individuals charging in dollars

Clement Boateng, Vice President of the Ghana Union of Traders Association (GUTA), has called for strict enforcement against companies charging in dollars instead of cedis.

He emphasized that such practices destabilize the local currency and urged the government to penalize violators to stabilize the cedi.

Boateng highlighted that some individuals hoard dollars, anticipating cedi depreciation for profit, negatively impacting the economy.

He stressed that in other countries, only the national currency is used and called for similar adherence in Ghana.

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