The Importers and Exporters Association of Ghana (IEAG) has praised the Ghana Gold Board (GoldBod) and the Bank of Ghana (BoG) for measures that have bolstered foreign exchange stability and enhanced economic confidence. According to the Association, relative stability in the forex market has provided greater predictability for importers and exporters, enabling businesses to plan international transactions with more certainty.
At a press conference, IEAG Executive Director Samson Asaki Awingobit highlighted GoldBod’s trading policies as instrumental in strengthening Ghana’s foreign exchange position and improving access to forex for legitimate business activities. He further commended the Bank of Ghana for steps taken to maintain macroeconomic and financial stability, noting that reductions in interest rates have been particularly encouraging for businesses reliant on credit. The Bank’s Financial Stability Review showed average lending rates declined from 30.3 percent in December 2024 to 20.5 percent in December 2025.
Awingobit stressed that continued reductions in the cost of credit would ease pressures on importers and exporters who require working capital to meet trade obligations. He urged GoldBod and the BoG to sustain and deepen measures supporting forex stability and lowering borrowing costs, especially ahead of the Yuletide season when demand for foreign exchange, credit, and imported goods typically rises.
