24.3 C
Accra
Tuesday, July 28, 2026
HomeBusinessGUTA Organiser: 'Panic Buying' is The Reason For Current Food Price Surge

GUTA Organiser: ‘Panic Buying’ is The Reason For Current Food Price Surge

Date:

Clement Boateng, the National Organizer of the Ghana Trader’s Union Association (GUTA), has advised traders to stop increasing the prices of their commodities in the wake of the COVID-19 pandemic.

Some traders, especially market women, as a result of the outbreak of coronavirus and the subsequent lockdown in the country, have taken undue advantage to exploit the situation by raising the prices of their foodstuffs and other items astronomically.

According to customers, a cup of gari which use to sell for GHC 10 is now selling for GHC 30 and items like garden eggs, tomatoes and others have also seen incredible price increases.

A lot of Ghanaians have complained bitterly about the attitude of the market women and therefore calling for them to be brought to order.

The GUTA National Organizer, speaking in an interview with Kwami Sefa Kayi on Peace FM, expressed disgust over the sudden price increment on commodities.

He explained that prices were increased by the market women due to panic buying.

The GUTA National Organizer said because some areas of the nation are under lockdown, there are some customers who are doing panic buying and these market women see the opportunity to capitalize on the current situation.

He called on the market women to stop abusing customers and realize that the pandemic will be over, adding that should they continue to exploit people for their gains, they will incur losses after the pandemic.

He stated that “The panic buying brought about such increment . . . it’s a lesson to us which maybe in the future, we’ll take so we see how to guard against its recurrence. I think it’s unnecessary for the panic buying which led people to take undue advantage to increase the prices of commodities astronomically “.

- Sponsored -spot_imgspot_img

Disclaimer: The views, opinions, comments, and statements expressed by readers and contributors on this platform are solely their own and do not necessarily reflect those of Imax Media Group or its affiliates.

Send your news stories to editor@max.com.gh and via WhatsApp on +233 506-367-196
Join our WhatsApp channel for the latest news and updates.

Max TV
Max TVhttps://max.com.gh
Ghana’s Leading Digital Television And Terrestrial Box In Sports, Entertainment And More.
- Sponsored -scratch for win

Stay Connected

562,687FansLike
2,463FollowersFollow
583,200FollowersFollow
51,019FollowersFollow
95,943SubscribersSubscribe

Latest stories

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Related Stories

De Zerbi eager for Kudus return

Tottenham Hotspur head coach Roberto De Zerbi has provided...

Cape Verde goal voted best at 2026 World Cup

Cape Verde's Sidny Lopes Cabral’s breathtaking long-range strike against...

France name Zidane as new head coach

Former Real Madrid player and manager Zinedine Zidane has...

Lesbian married couple make history at 2026 WAFCON

Robyn Moodaly and her wife, Gabriela Salgado, became the...

We won’t underrate Egypt— Nora Hauptle

Zambia and Egypt will meet for the first time...

2026 WAFCON: Ivory Coast display dominance; Tanzania stun SA

Burkina Faso fell 4-1 to the Ivory Coast on...

Pirlo snub leads to Maldini & Leonardo resignation

Paolo Maldini has quit as technical director of the...

Odo Broni launches tattoo of Daddy Lumba to end her widowhood rite

Priscilla Ofori, the second wife of the late highlife...

Daddy Lumba’s grave is finally unveiled

The resting place of Highlife legend Charles Kwadwo Fosuh,...
Max TV