The Importers and Exporters Association of Ghana (IEAG) has commended the Bank of Ghana (BOG) for its role in stabilizing the country’s financial environment, particularly the Ghana Cedi, over the past year.
Speaking at a media Get-together and new year message on port business happenings,
IEAG Executive Secretary Samson Asaki Awingobit noted that the Cedi’s appreciation against major currencies has eased import costs and reduced exchange-rate induced pressures on traders.
The Cedi strengthened by over 40% against the US dollar in 2025, thanks to coordinated policy efforts, improved foreign exchange reserves, and export growth. “This has brought relief to importers and exporters, and boosted trade,” Awingobit said.
IEAG acknowledged the BOG’s strategic contributions to economic stability and growth, citing strengthened foreign exchange reserves (over $11 billion) and export growth (60% in the first half of 2025).
The association urged for a nuanced understanding of monetary developments, emphasizing the positive impact on trade flows, port operations, and business confidence.
The stabilization has led to lower import clearance costs, improved trader liquidity, and enhanced port efficiency, reinforcing Ghana’s position as a regional trade hub.
Source: Bernard K Dadzie Greater Accra
