Importers And Exporters Applaud Currency Stability, Call For Policy Continuity
The Importers and Exporters Association of Ghana (IEAG) says improved currency stability and stronger macroeconomic conditions in 2025 have significantly reduced the cost of doing business at Ghana’s ports.
Speaking at a media engagement and New Year meeting with journalists, the Executive Secretary of the Association, Samson Asaki Awingobit , attributed the strong recovery of the cedi in 2025 to disciplined monetary policy and renewed market confidence.
According to him, the improved performance of the local currency translated into tangible cost savings for importers and exporters, easing pressure on traders and enhancing operational efficiency at the country’s ports.
The Association used the occasion to defend the Bank of Ghana against recent criticism of its monetary policy operations, describing some public commentary as lacking the necessary context and technical understanding of central banking functions.
IEAG expressed optimism about Ghana’s economic outlook in 2026 and called for the continuation of prudent monetary policies, as well as stronger collaboration between policymakers and the private sector to sustain economic gains.
Mr. Awingobit also urged government to introduce a special subsidy for local rice producers to help reduce production costs, boost domestic rice production, and encourage the consumption of locally produced rice.
REPORTER: AHIABOR AUGUSTINE
