Catholic Bishops call on traders to adjust prices to match the stable cedi and ease the pressure on consumers
The Ghana Catholic Bishops Conference has urged traders and market leaders to review prices to reflect the recent stability of the cedi.
The Conference says government has done its part to steady the currency, and traders should also act in a way that gives relief to households.
In a radio interview on Citi FM on Monday, November 17, 2025, Rev. Fr. Michael Quaicoe, Director for Governance, Justice and Peace at the Ghana Catholic Bishops Conference, said the decision to mention the cedi’s relative stability in the Conference’s communiqué was deliberate.
He said the development should translate into real relief for consumers.
“We want to give commendation and praise where it is due. The cedi we know has been relatively stable and has been doing well. But having done that we think that we should move from the macroeconomic level to the micro so that it will reflect in our pocket,” he said.
Rev. Fr. Quaicoe said many Ghanaians are still not feeling any change in their daily lives. He noted that a large number of people continue to struggle and called for steps to make the gains felt across households.
He said traders also have a role to play by adjusting prices. “You could not possibly make the money alone by still keeping the prices at the level that benefits you alone,” he said.
He urged traders to respond to the steady cedi by reviewing their pricing. “If the government has done its bit in stabilising the cedi, we are pleading with our brothers and sisters who are stakeholders in the market machinery to also let that reflect in their prices.”
On complaints that some traders hold old stock bought at higher exchange rates, Rev. Fr. Quaicoe encouraged them to seek proper guidance.
He said traders who face such challenges should speak to experts who are able to help them work out how to manage their pricing in a way that reflects the stronger cedi rather than shifting the burden onto consumers.
He said the appeal is based on the belief that all parties share responsibility for the country’s economic progress.
He added that traders should put the broader interest of society ahead of narrow gain.
Father Kwaku said the call is not targeted at government or business owners.
He described it as a reminder that economic recovery relies on effort from all citizens. “The president cannot do that alone. All of us citizens have to do our bit,” he said.
