KUMASI IMPORTERS THREATEN DEMO …Over Weak Cedi

THERE could be a massive demonstration in Kumasi, the nation’s second largest city, if the weak Cedi does not improve against the major foreign currencies by the end of the month.

The looming demonstration is to be organized by the Kumasi Central Market Importers Association (KCMIA).

The aggrieved members of the association bitterly complained that their businesses are collapsing due to the weak Cedi and other factors.

Briefing the media over their plight, Nana Yaw Owusu Agyeman, Deputy Secretary of the KCMIA, said apart from the weak cedi, the police extort monies from them at check points.

He therefore stressed on the need for government to take some critical decisions without delay to help save their businesses.

“Government should reduce high import duty values, work on the fast depreciation of the Cedi, and use original invoices to underwrite duties.

“Also, eliminate all the illegal barriers and checkpoints with immediate effect and stop using the US Dollar to calculate duties on goods which are bought in CFA”.

He added: “We are serving final notice to the president, whom we collectively helped to win power, that if the national security agencies do not stop harassing us, we will advise ourselves when they come around.

“We members of the above mentioned association are giving ourselves now till the end of March, 2019, and if nothing is done we will hit the streets in grand style”.