{"id":50572,"date":"2014-09-24T12:35:54","date_gmt":"2014-09-24T12:35:54","guid":{"rendered":"http:\/\/4cd.e16.myftpupload.com\/?p=50572"},"modified":"2014-09-24T12:37:37","modified_gmt":"2014-09-24T12:37:37","slug":"blame-trade-ministry-for-over-priced-goods-cpa","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2014\/09\/blame-trade-ministry-for-over-priced-goods-cpa\/","title":{"rendered":"Blame Trade Ministry for over-priced goods – CPA"},"content":{"rendered":"
The Consumer Protection Agency (CPA) has blamed the Ghana Revenue Authority (GRA) and the Ministry of Trade for allowing traders to inflate prices of goods.<\/span><\/p>\n The depreciation of the cedi<\/strong><\/span><\/a> had forced traders to overly increase prices of goods and services, a situation which also increased the cost of living for Ghanaians.<\/p>\n According to the Head of Programs and Research at the CPA, Nana \u00a0Agyemang Prempeh, the\u00a0failure of the GRA and the Trades Ministry to enforce the laws effectively could account for the current high costs of goods.<\/p>\n [contextly_sidebar id=”xxG6RokqLvsBp0goCtsURBcuwWgMg12x”]For instance, it is illegal for traders to charge more than 15% of the cost of their wares.<\/p>\n However the Cedi’s recent depreciation against the dollar and the major international currencies saw the traders arbitrarily increase the prices of goods without.<\/p>\n The cedi has now seen some level stability against the major currencies<\/span><\/strong><\/a> in recent weeks, but the traders are unwilling to reduce their prices.<\/p>\n