According to them, government needs to stabilize the cedi against the French CFA in order to effectively transact cattle business in neighboring countries such as Burkina Faso, Mali, and so on. Speaking to GhanaWeb, Chairman of the Kumasi Butchers Association, Chief Abdul Wahab Tikuma said cattle that were bought for less than Gh¢25,000 has now increased to ¢40,000. “We were buying cattle for less than GH¢25,000 but now we buy it for GH¢40,000 because of the cedi rate to the CFA. On his part, treasurer of the cattle dealers association, Alhaji Baba Ahmed said the association is worried about the government's failure to fulfill promises it made with regards to cedi stabilization. We plead with the government to as a matter of urgency do something about the cedi depreciation to save our business", he stressed.

Source: GhanaWeb July 20, 2021 17:37 UTC