Ghana Union of Traders Association — business advocacy organization critiquing utility tariff increases and discussing macroeconomic conditions affecting traders.
The Vice President of the Ghana Union of Traders Association (GUTA), Joseph Paddy, has criticised the process leading to the recent announcement of utility tariff increases. …
… According to the Ghana Union of Traders Association (GUTA), foreign entities such as China Mall and Chinatown have captured about 40% of the market share, leaving little room for indigenous traders and contributing to foreign exchange pressures as profits are repatriated. …
… It is organised through a dense network of associations including the Ghana Union of Traders Association (GUTA), the Ghana National Tailors and Dressmakers Association (GNTDA), the Ghana Hairdressers and Beauticians Association (GHABA), the Artisans Association of Ghana, the Unit …
… It is being supported by the Association of Ghana Industries (AGI), Association of Health Service Administrators of Ghana (AHSAG), Pharmaceutical Society of Ghana (PSGH), Pharmaceutical Importers and Wholesalers Association, Ghana Union of Traders Association (GUTA), Federation o …
The Vice President of the Ghana Union of Traders Association (GUTA) Joseph Paddy has cautioned that high cost of doing business is forcing companies to scale down production and relocate to neighbouring countries. …
… He referenced reports from the Ghana Union of Traders Association (GUTA), which indicate reductions in the prices of several goods, including fuel, as well as observations from market leaders and business groups suggesting easing cost pressures. …
The Vice President of the Ghana Union of Traders Association (GUTA), Joseph Paddy, says recent stability in Ghana’s exchange rate is creating a healthier environment for businesses to plan and grow. …
Vice President of the Ghana Union of Traders Association (GUTA), Joseph Paddy, says the current economic conditions are offering a more stable and predictable environment for businesses. …
… Amissah also cited falling prices as evidence that macroeconomic stability is working its way into the real economy, pointing to a paper presented by the Ghana Union of Traders Association (GUTA) to Parliament in which over 4,000 commodity lines had seen actual price reductions — …
The Vice President of the Ghana Union of Traders Association has faulted the process of the recent utility tariff increase announcement, saying government and regulators failed to engage key stakeholders before the decision. He argued that the stated justifications for the increases do not reflect current economic conditions, which show signs of stability and improvement.
The Vice President of the Ghana Union of Traders Association has faulted the process of the recent utility tariff increase announcement, saying government and regulators failed to engage key stakeholders before the decision. He argued that the stated justifications for the increases do not reflect current economic conditions, which show signs of stability and improvement.
The Ghana Union of Traders Association has slammed the announced utility tariff adjustment, saying the business community was not engaged beforehand and learned of the decision only through public announcements. GUTA's Vice President argued that stakeholder participation is essential for good governance and questioned the rationale for the increase, noting that macroeconomic indicators cited by authorities are moving in a positive direction.
Nana Dwomoh Sarpong has raised concerns about the rapid proliferation of Chinese-owned shopping malls across Ghana, questioning whether state authorities including the EPA and NADMO are conducting necessary assessments such as Traffic Impact Assessments before approvals. His concerns about zoning and environmental safety have been echoed by the Eastern Region's halt to a China Mall project in Koforidua.
Ghana's informal sector, which employs approximately 80 percent of the national workforce and accounts for an estimated 27 percent to 40 percent of GDP, contributes less than 5 percent of total tax revenue. The Ghana Statistical Service reports that 92.3 percent of all businesses in Ghana are informal, placing a disproportionate tax burden on the formal sector.
The CEO of Ace Group has described Ghana as one of the most dynamic healthcare and pharmaceutical markets in West Africa, citing growing population, increasing healthcare awareness, expanding hospital infrastructure, and rising demand for medicines and medical equipment. He noted the country imports substantial volumes of pharmaceuticals and medical devices annually, creating opportunities for international partnerships and investment.
Ghana Union of Traders Association vice president Joseph Paddy warns that high operating costs—particularly electricity, water, and financing—are pushing companies to scale down production or relocate to neighbouring countries like Ivory Coast, where production costs are significantly lower. Some businesses have already shifted from production to trading, with implications for job creation.
A Technical Advisor at Ghana's Ministry of Finance says the country's improving macroeconomic stability is delivering tangible benefits, though the full micro-economic impact will take more time. He noted early signs of progress including reduced producer price inflation, but acknowledged a typical lag between macroeconomic recovery and its translation into everyday livelihoods.
The Ghana Union of Traders Association Vice President says recent stability in Ghana's exchange rate is creating a healthier business environment by enabling companies to make accurate projections and plan ahead, reducing the uncertainty that previously resulted from sharp daily fluctuations in the cedi.
The Vice President of the Ghana Union of Traders Association says current economic conditions are healthy for businesses, citing recent currency stability and predictability that allow traders to plan operations more effectively, a marked improvement from periods of sharp exchange-rate fluctuations.
A technical adviser at the Finance Ministry has argued that Ghana's macroeconomic turnaround is real and reaching businesses and households, citing falling borrowing costs as evidence, even as analysts debate whether these gains have translated into relief for ordinary Ghanaians at the market and fuel pump.
JoyNews will host a roundtable discussion tomorrow morning bringing together policymakers, economists, and private sector leaders to assess whether Ghana's reported economic progress is reflected in the real economy, examining issues including the cost of doing business, inflation, currency stability, and sectoral performance over the past 16 months.
The JoyBusiness Round Table discussion, scheduled for April 30, 2026 at Joy News Studio, will examine whether Ghana's macroeconomic gains over the past 16 months have translated into real-sector improvements, with a panel including the Technical Advisor at the Ministry of Finance, the CEO of the Ghana Chamber of Commerce and Industry, and other economic experts.
Young people should move away from over-reliance on public-sector employment and explore opportunities in the private sector and self-employment, according to business leaders who stress the need for entrepreneurship and skills development. The Vice President of GUTA noted that the private sector is the engine of growth and offers greater flexibility for individuals to diversify income streams and build careers across multiple fields.
The Ghana Union of Traders Association says the current economic climate has significantly improved, citing greater stability in inflation, interest rates and the exchange rate, along with better access to credit, as drivers of renewed business confidence.