Wednesday, July 9, 2025
Rainbow Radio
  • Home
  • General News
  • Governance
  • Sports
  • Politics
  • Health
  • Entertainment
  • Economy
  • Home
  • General News
  • Governance
  • Sports
  • Politics
  • Health
  • Entertainment
  • Economy
No Result
View All Result
Rainbow Radio Online
Home Business

Cost of living high bit don’t overprice your products- Prez

October 30, 2022

President Akufo-Addo says he is aware that the increasing cost of living is the number one concern for all of us.

He indicated in an address to the nation that the situation is driven by fast escalating fuel prices at the pumps, which is caused by high crude oil prices on the world market and our depreciated currency.

RelatedPosts

Trade Minister outlines efforts to drive Ghana’s economic transformation

Hemang Lower Denkyira MP Queries Trade Minister on Private Sector Growth, AGOA Impact

Our $100M Gold deal is not only historic but also free from political influence – E&P

The President said he was also aware that the situation is putting intolerable pressure on families and businesses.

“I know that people are being driven to make choices they should not have to make, and I know that it has led to the devaluation of capital of traders and painfully accumulated savings.”

He said “Furthermore, Government is working to secure reliable and regular sources of affordable petroleum products for the Ghanaian market.

It is expected that this arrangement, when successful, coupled with a stable currency will halt the escalation of fuel prices and bring relief to us all.”

To the market traders, he asked them to stop hiking their prices unreasonably.

“I hear from the market queens also that another factor fueling the high prices is the high margins that some traders are slapping on goods, for fear of future higher costs. I say to our traders, we are all in this together. Please let us be measured in the margins we seek.

I have great respect and admiration for the ingenuity and hard work of our traders, especially those that take on the distribution of foodstuffs around the country, and I would hesitate to join in calling them names.”

I do make a heartfelt appeal that we all keep an eye out for the greater good, and not try to make the utmost profits out of the current difficulties.”

He continued “In language that every market woman and, indeed, every trader in our country understands, let me say that the basic problem we face is that we are not making as much money as we need to spend.

And what little money we do make is going to pay for the debts we have contracted to fund the development projects we must have. Not enough of us are paying our taxes, not enough of us are producing to generate the revenues that we need.”

By: Rainbowradioonline.com/Ghana

ShareTweetShareShare

Related Posts

adjare

Trade Minister outlines efforts to drive Ghana’s economic transformation

July 9, 2025
IMG-20250708-WA0104

Hemang Lower Denkyira MP Queries Trade Minister on Private Sector Growth, AGOA Impact

July 9, 2025
Screenshot-2025-07-07-145806-1140x570-1-848x424

Our $100M Gold deal is not only historic but also free from political influence – E&P

July 8, 2025
Sam-Jonah

E&P gold deal merit-based, not political favouritism – Sam Jonah declares

July 7, 2025
Dr.-Adrian-Alter-1140x570 (1)

Dr. Adrian Alter appointed new IMF resident representative for Ghana

July 7, 2025
IMG-20250703-WA0070

The 24-Hour Economy Policy is just ‘lip service’, the government has no policy documents to support it — Kwabre East MP

July 3, 2025

Recent News

image-710-479x424

A/R: 3 killed, 2 critically injured in accident at Adanwomaso

July 9, 2025
Screenshot_20250709-191954

President Mahama submits final list of Deputy Ministerial nominees to Parliament

July 9, 2025
muntaka-mohammed-mubarak

Interior Minister advocates for reclassification of Narcotics Control Commission as Security Agency

July 9, 2025
IMG-20250708-WA0097

Accra to Host 2025 African Youth & Junior Weightlifting Championships

July 9, 2025
  • Trending
  • Comments
  • Latest
Muntaka-750x375

Monday, March 31, and Tuesday, April 1, 2025, declared as public holidays

March 23, 2025

Something drastic must be done about prices of property in Ghana-Lawyer

June 14, 2021

Rainbow Radio expands its platform presence on 92.4Fm in UK

September 5, 2022
Screenshot_20230811-133044

17-year-old boy caught having sex with a pregnant dog

August 11, 2023

Hello world!

image-710-479x424

A/R: 3 killed, 2 critically injured in accident at Adanwomaso

travel4

Washington prepares for Donald Trump’s big moment

travel1

CS:GO ELeague Major pools and tournament schedule announced

image-710-479x424

A/R: 3 killed, 2 critically injured in accident at Adanwomaso

July 9, 2025
Screenshot_20250709-191954

President Mahama submits final list of Deputy Ministerial nominees to Parliament

July 9, 2025
muntaka-mohammed-mubarak

Interior Minister advocates for reclassification of Narcotics Control Commission as Security Agency

July 9, 2025
IMG-20250708-WA0097

Accra to Host 2025 African Youth & Junior Weightlifting Championships

July 9, 2025

Stay Connected test

  • 139 Followers
  • 20.2k Followers
  • 205k Subscribers
  • 23.9k Followers
  • 99 Subscribers
Rainbow Radio Online

© 2022 Rainbow Radio International

Navigate Site

  • General News
  • World
  • Sports
  • Business
  • Entertainment
  • Politics
  • Health
  • Opinion
  • Economy
  • Odd News
  • Culture
  • Lifestyle
  • Lifestyle
  • Governance
  • Technology

Follow Us

No Result
View All Result

© 2022 Rainbow Radio International

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Go to mobile version