Importers and Exporters Association of Ghana Calls on Bank of Ghana to Urgently Intervene in Persistent Forex Access Challenges

Importers and Exporters Association of Ghana Calls on Bank of Ghana to Urgently Intervene in Persistent Forex Access Challenges

The Importers and Exporters Association of Ghana expresses deep concern over the continuous challenges facing members of the business community in accessing foreign exchange (forex) through commercial banks, despite recent gains by the Ghana Cedi against major foreign currencies. It is disheartening that while the Cedi has seen some level of appreciation, businesses continue to […] The post Importers and Exporters Association of Ghana Calls on B…

Minority disputes Finance Minister’s claims on Ghana’s forex reserves and cedi stability

By Franklin ASARE-DONKOH The Minority in Parliament has disputed claims made by the Finance Minister in the mid-year budget review regarding Ghana’s foreign exchange reserves and current account performance. On the issue of Ghana’s currency stability, the Minority raised concerns over ongoing dollar shortages, contrary to claims by the Finance Minister and the Governor of the Bank of Ghana that there are abundant dollars in the system. “Despite …