The Bank of Ghana (BoG) has moved to allay fears within the business community over reported difficulties in accessing foreign exchange from commercial banks.
This follows a meeting between the central bank and the leadership of the Ghana Union of Traders’ Associations (GUTA), during which the BoG assured that sufficient foreign currency is available to meet legitimate business needs.
In a statement issued by GUTA, its president, Dr. Joseph Obeng, disclosed that the central bank has pledged to investigate the concerns raised by traders and engage commercial banks to understand the reasons behind the perceived shortage of forex.
The BoG also promised to take the necessary steps to address any bottlenecks within the commercial banking sector that may be affecting the smooth distribution of forex to importers and other traders.
In the meantime, GUTA is urging its members and the wider business community to remain calm and assured of the BoG’s commitment to resolving the issue.
Dr. Obeng encouraged members to report any persistent challenges in accessing forex to the association for further engagement with the relevant authorities.
The intervention comes at a time when several traders have raised concerns about delays and difficulties in acquiring foreign currency—a situation they fear could disrupt imports and increase the cost of doing business.
