Abeiku Santana has requested that the necessary authorities begin detaining people and organizations who continue to impose exorbitant pricing on goods and services.
The phone conversation follows rumors that the American Dollar has lost value relative to the Ghanaian Cedi. To trade against the cedi at a buying rate of 11.4943 and a selling price of 11.5058 as of Tuesday, December 13, 2022, the US dollar devalued. The dollar was initially selling for GHC14.000 just a few days ago.
In the wake of the tragedy, Ghanaians had anticipated cheaper prices for goods and services. Businesses and traders are allegedly refusing to reduce the price of their products and services. Abeiku Santana, a well-known Ghanaian broadcaster, has urged the government to act as a result.
“I’m pleading with the Bulk Oil Distributors. The dollar’s value has declined so pls reduce the prices of your fuel. Oil marketing companies should also reduce their prices. Just as the dollar is declining every day, you need to also reduce your prices every day. Drivers and transport operators who have increased their prices, now the dollar is going down, it’s time to cut down your prices. The police also need to start arresting those who are still charging outrageous prices,” he said.
The presenter of Okay FM said that the exchange rate at ports and harbors is still GHC15.000 or occasionally GHC14.00 versus the dollar despite the drop in the value of the US dollar as being “the worst of all.”
