The Secretary General of the Ghana Federation of Labour (GFL), Abraham Koomson, has raised an alarm over the continued high prices of essential commodities, despite the recent appreciation of the Ghanaian Cedi against the US Dollar.

Mr. Koomson acknowledged the positive impact of the stronger Cedi on fuel prices but expressed disappointment that the same trend has not been observed in the prices of everyday goods and services.

“The enhanced strength of the Cedi is encouraging, and its impact on fuel prices is quite significant.

However, the prices of essential commodities are taking too long to adjust, even as workers’ incomes remain stagnant, eroding their purchasing power,” he noted.

Mr. Koomson emphasised that the sluggish response in market prices undermines the economic relief that ordinary Ghanaians, especially workers, should be enjoying under current conditions.

He called on the government to enforce stricter price regulation measures to align with its stated goal of reducing the cost of living.

“Since the objective of the government’s financial and economic policy is to reduce the cost of living, stringent measures must be considered to ensure immediate compliance with price regulations,” he said.

He also warned that if swift action is not taken, the working class—the backbone of Ghana’s economy—risks being left behind in the NDC government’s Reset Agenda, which aims to rebuild the economy and improve living conditions for all citizens.

“If nothing is done to reduce the prices of essential commodities as the Cedi continues to appreciate, the working class will lose out on the government’s Reset Agenda,” Mr. Koomson cautioned.

He made this remark speaking on Ahotor FM’s Yepe Ahunu show on Saturday, May 31