Sunday, February 5, 2023
HomeLocal NewsElectroland Ghana slashes prices in response to cedi resurgence

Electroland Ghana slashes prices in response to cedi resurgence

Electroland Ghana Ltd, the leading operator in the household electrical and electronic goods market, has reduced prices of their products in response to the recent recovery of the cedi against the US dollar.

The company which represents Samsung, Nasco, Midea, Toshiba ABB, and international brands in Ghana and was already running a Christmas promotion (Afehyiapa Promo) with reduced prices, has dropped prices further to become one of the fastest to respond positively to the Ghanaian currency’s new found strength.

The Cedi in recent weeks lost so much value after a prolonged free fall, and was touted as the weakest in the world against the Dollar, a situation which saw rampant price hikes.

While the Cedi has been consistent in the past week with its resurgence, businesses have mainly maintained wait-and-see attitude, with remaining at levels ahead of the Cedi rebound.

Electroland is thus the first major company in the capital goods sector to react to the recovery of the local currency against the dollar, in a move that analysts expect to become more widespread in the coming days.

DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.

Abdullah Anaman
Abdullah Anaman
I am a highly competent IT professional with a proven track record in designing websites, building apps etc. I have strong technical skills as well as excellent interpersonal skills, enabling me to interact with a wide range of clients.


Please enter your comment!
Please enter your name here
Captcha verification failed!
CAPTCHA user score failed. Please contact us!

Most Popular

Recent Comments