President of the Ghana Real Estate Developers Association (GREDA), Dr James Condua Orleans-Lindsay
The President of the Ghana Real Estate Developers Association (GREDA), Dr James Condua Orleans-Lindsay, has called on Ghanaian businesses and citizens to demonstrate patriotism by reducing the prices of goods and services in response to the steady appreciation of the cedi.
Speaking at the inauguration of GREDA’s Executive Council Standing Committees and a stakeholders’ forum held on May 29, 2025, Dr Orleans-Lindsay underscored the need for a collective national effort to ensure economic stability.
“We will take the pain of the cedi’s appreciation as long as it is for the collective good of the country; as long as we can get stability for over five, six, or even eight years, once the cedi has appreciated, we all owe it to the country to bring prices down. You need to be a patriot; it is very important, and it is for the collective good,” he said.
He emphasised that price adjustments in the wake of a stronger cedi are not just an economic obligation but a moral one that contributes to the nation’s development and the well-being of its citizens.
The call for price reduction comes at a time when the cedi is making significant gains on the interbank market.
According to the Bank of Ghana’s latest update, the cedi is trading at GH¢10.27 (buying) and GH¢10.29 (selling) against the US dollar. The pound is at GH¢13.82 (buying) and GH¢13.83 (selling), while the euro stands at GH¢11.59 (buying) and GH¢11.60 (selling).
The newly inaugurated committees include:
• Technical and Projects Committee
• Research and Development Committee
• Finance and Audit Committee
• Membership and Welfare Committee
• Complaints, Disciplinary and Ethics Committee
• Marketing, Publicity and Events Committee
“These subcommittees are crucial in helping GREDA achieve its objectives of solidifying the association and extending our influence in Ghana’s housing and construction sector,” Dr. Orleans-Lindsay stated.
