Ade Coker Calls For Government To Consider Price Control On Goods, Calls Out Market Traders

• A Ghanaian man is trending following his admonition to the government on the price of goods and services
• Ade Coker lamented that the traders were thinking only of making profit, hence he called for price control
• His appeal to the government has generated wide attention on social media, with many agreeing with him

Former Greater Accra Regional Chairman of the ruling National Democratic Congress (NDC), Joseph Ade Coker, has admonished the government to introduce price control.

Speaking as a panelist on Original TV's Ne Korakora Ne Sen on Wednesday, May 14, the NDC stalwart indicated that if market traders see no need to reduce prices of goods and services, the government should intervene.

He lamented that the traders were thinking only of the profit they will make from their goods without considering the impact of their prices on Ghanaians.

"If the market traders don't bring prices down, I think the government should implement price control. It should move in that direction. Because they cannot afford to take Ghanaians for a ride. They cannot always be profit-minded. They also need to think about the social effects of their prices."

The price control initiative, if implemented by the government, would mean that the the state would regulate the prices charged on goods and services.

Price reduction expected in the next 60 days

Prices of goods and services are expected to see a reduction within the next two months as the cedi continues to strengthen against foreign currencies.

This comes after the Ghana Union of Traders Association (GUTA) and the Association of Ghana Industries (AGI) met with the Minister for Trade and Industry, Elizabeth Ofosu-Adjare.

Speaking after the meeting, the President of GUTA, Dr Joseph Obeng, urged the government to maintain the cedi’s current stability.

Watch the video:

Reactions to Ade Coker's call

Social media users who took to the comment section of the video have shared opinions on the suggestion by Ade Coker.

Amos Nantanba commented:

"Just establish malls in all 276 constituencies, import goods to fill them, and reduce prices. They will learn some sense."

Gabrielnsiah671 stated:

"The problem in Ghana is that the government has to build national shops like they do in Europe. This will help the government control the market."

Dawuda wrote:

"Good move, but it’s too much. If prices are high, the increase is high; if now it is low, they won’t want it."

Issaissa5441 added:

"For this, I don’t agree with you, not at all. One fresh tomato is sold for ¢5.00 because only a few farmers are engaged in tomato farming. You can control this when you have acres of tomato farms producing, or import it from Burkina Faso in large quantities."

Twene Jonas praises Ato Forson

Earlier, YEN.com.gh reported that US-based social commentator Twene Jonas praised Ghana's Finance Minister, Cassiel Ato Forson, for the Cedi's performance against the dollar and major global currencies.

According to Twene Jonas, the Cedi's appreciation against the dollar was due to Ato Forson's stellar economic management.

In a video shared on TikTok, the outspoken US-based Ghanaian described Ato Forson as the best Finance Minister in the world.

Source: YEN.com.gh