The Importers and Exporters Association of Ghana says concerns over dollar shortages that affected businesses in 2025 have been addressed by the Bank of Ghana.
Executive Secretary of the Association, Sampson Asaki Awingobit, disclosed this during an appearance on Nnaw)twe Yi on Adom TV, where he discussed highlights from the 2026 State of the Nation Address delivered on February 27.
He recalled that around August 2025, many traders struggled to access foreign exchange, making it difficult to settle payments with overseas partners after placing orders for goods. The situation, he noted, disrupted normal business operations and heightened anxiety within the trading community.
According to Mr. Asaki, the Association formally petitioned the Governor of the Bank of Ghana to intervene. Subsequent investigations by the central bank, he said, uncovered irregular practices, including excessive dollar withdrawals beyond regulatory limits, which allegedly created artificial scarcity in the market.
He explained that the Bank of Ghana identified gaps within the system and moved to close them, restoring stability to the foreign exchange market. As a result, he indicated that businesses are now able to access dollars more readily to facilitate trade.
Mr. Asaki commended the Governor for what he described as prudent and decisive measures that curbed speculative activities and eased pressure on the market.
He further observed that the removal of the E-Levy and the COVID-19 Levy has provided additional relief to importers and exporters, helping to reduce operational costs and improve overall business confidence.
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