Clement Boateng, National Organizer of the Ghana Union of Traders Association (GUTA), has revealed that the union will be increasing prices of goods in the country due to the coronavirus pandemic.
At the moment, he said, there have been shortage of goods in the country due to the ban on travels placed by the government as a result of the coronavirus pandemic.
Mr Boateng told Alfred Ocansey on the Sunrise show on 3 92.7FM that : “You will bear with me that this covid-19 has had a very negative impact on businesses worldwide , Ghana is no exception.
“Regarding increases of prices that GUTA has come out with, currently we are experiencing shortage of goods and as everybody knows , in economics there something know that demand and supply.
“If we are facing shortage of goods because currently nobody can travel to bring in goods, it is only people who have direct connections with factories that are able to get a little bit of supplies . A chuuunk of our members do consideration. They travel go over there , move from shop to shop and then do their shipping and then the goods come , they clear and they sell.
“But now because of travel restrictions nobody is able to travel and so those in the consolation aspect cannot do anything anymore.
“So it is those few people who have connections with factories and because of the volumes that they buy from the factories , the factories can still supply them , they are those that have a little bit of stock but the majority don’t have anything in their shops at all and that has contributed to this prices hikes that we are talking about. It is not our fault, it is the situation.”