The Chief Executive Officer (CEO) of Emjay Sea Foods, Rev. Emmanuel Donkor, has appealed to the government to implement price control mechanisms that would ensure that the stabilisation of the cedi against major trading currencies, particularly the dollar reflect on the markets.
Speaking on Kasapa FM’s Morning Show, Ghana Kasa on Tuesday, November 11, 2025, Rev. Donkor said he is still amazed that the prices of goods in the markets are still high despite the cedi appreciating against the dollar in recent times.
“It’s a good thing the government is doing with the stabilization [of the cedi]… but there should be price stabilisation. The government should find every possible means to sit down with the sellers so that the prices will come down for all of us to benefit…,” he said.
He continued that if the “prices remain the same and we do nothing about price control, then the government should forget as we will not be heading anywhere”.
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Rev Donkor further opined that the stabilization of the cedi against the dollar favours importers more than exporters as according to him, the several exporters are gradually losing interest in doing business.
“My business partners stopped buying from me against ever since the cedi started appreciating against the dollar. The reason is that the dollar has reduced so they don’t make the same amount of money after they purchase the cedi in cedi and go to sell outside…they now prefer buying from outside to come and sell in the country,” he said.
The Emjay Sea Foods Boss further called on government to take a critical look at the fisheries sector as according to him most fishermen are lamenting bitterly about neglect.
The lack of outboard motors and the high cost of premix fuel, he continued, are some of the reasons why the country’s fishermen have been complaining bitterly.
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“The supply of outboard motors and premix fuel to fishermen have become to ‘whom you know’ business and this is destroying the industry…this has made me lose interest in fishing because the cost of going to sea is expensive now…,” he said.
Source: Starrfm.com.gh/Kwaku Nti
