Members of the Ghana Union of Traders
Association will suspend commercial activities in the capital, Accra, from Wednesday to show their “frustration” over the weakening currency, surging inflation and high lending rates, Joseph Obeng, the union’s president, said by phone.
“We want to give the government the message that whatever solution they are trying to bring to bear, they should do so with a sense of urgency,” said Obeng, who represents sellers of food, clothes, electrical parts and other goods.
Ghanaian authorities are in talks with the
International Monetary Fund for funding
support of as much as $3 billion after the
country was priced out of global debt markets.
this year. The government seeks to reach an agreement with the multilateral lender within weeks to help fund its economic program.