Traders say government’s price stabilization claims not yet felt in markets

On November 13, 2025, the Minister of Finance announced in Parliament that inflation had declined and prices were stabilizing, while presenting plans for the 2026 budget. The announcement was expected to bring relief to consumers, with the promise that imported goods would also become more affordable. However, when journalists visited the Abossey-Okia market, spare parts dealers shared a different reality, highlighting the challenges behind the government’s claims.

Several dealers voiced similar frustrations: although the dollar’s depreciation had slightly reduced prices, the duties on imported goods remain high. One dealer, who preferred to remain anonymous, explained that lowering prices further would mean operating at a loss. Another dealer echoed this sentiment, saying the reduction in the dollar’s value had not made much difference because “there’s no money in the system.” He revealed that most of his goods are bought on credit, and to repay creditors, he must maintain prices. When asked whether he sells goods from last year, when inflation was high, at the same price now that inflation is low, he responded, “whatever he gives you, then you take it because you owe people…” He added, “He has said what he has to say, but it has not taken effect here.”

Other dealers focused on the inconsistency of supplier pricing. One female dealer explained that suppliers often insist their prices have not changed, selling goods at pre-stabilization rates. At times, she manages to purchase items at lower prices and sells them at the required price, but such opportunities are rare. Another dealer added that politics sometimes complicates matters, with traders reluctant to reduce prices for fear of appearing disloyal to their political party.

Finally, some dealers emphasized the need for enforcement. They suggested that the government should assign law enforcement agents to monitor market practices and ensure compliance with price reduction policies. Without oversight, they warned, traders will continue selling goods at old prices, especially items purchased during periods of high inflation. As one dealer bluntly put it, unless the government steps in, the promise of stabilization will remain only on paper, leaving ordinary buyers to shoulder the burden.