The Ghana Union of Traders Association (GUTA) has suspended its strike action after three days of temporarily closing shops in the capital in protest of high cost of doing business as a result of the present economic conditions.<\/p>\n\n\n\n
According to GUTA, the falling rate of the local currency on the international market is the main reason why they locked up their trading shops.<\/p>\n\n\n\n
In a statement issued late Thursday, October 20, GUTA said all shops will be reopened Friday as they work to resolve issues.<\/p>\n\n\n\n
They attributed the reasons to reopen the shops to engagement by major stakeholders and President Nana Addo Dankwa Akufo-Addo who met their executives and acknowledged their concerns.<\/p>\n\n\n\n
The President therefore directed that a working committee be set up for expeditious action.<\/p>\n\n\n\n
It was also agreed that the concerns of the traders be factored into any negotiations ongoing with the IMF.<\/p>\n\n\n\n
The traders commended the Ga Mantse, Nii Tackie Teiko Tsuru II, President Akufo-Addo and members of the Council of State as helping very hard to find a lasting solution to their concerns.<\/p>\n\n\n\n
The statement said \u201cIn view of all this goodwill from these great personalities, we wish to appeal to our teeming members and the entire trading community who participated in this strike action to reopen their shops from Friday as we continue to pursue the process for immediate solution \u201d<\/p>\n\n\n\n