Traders in Ghana’s capital Accra closed their stores and businesses on Wednesday in a three-day protest over soaring costs of living as the West African country battles economic fallout from the Ukraine war.
Daily gridlock in Accra’s Central Business District and in the biggest vehicle spare parts district was largely absent, with only street food vendors in front of the shuttered shops.
The Ghana Union of Traders Association (GUTA) said the move sent a signal to the government that they were frustrated over poor economic management.
GUTA president Joseph Obeng said the protest was just a “pinch” for the government to quickly fix the economy to save Ghanaian businesses.
President Nana Akufo-Addo is under pressure over his economic management after reversing his position and entering talks with the IMF over a $3-billion loan to shore up public finances.
Ghana faces a high debt load and inflation at a historic high of 37 percent in September, while the local cedi currency has plummeted against the US dollar.