Importers and Exporters Association of Ghana (IEAG) has commended the Ghana Gold Board (GoldBod) and the Bank of Ghana (BoG) for their contribution towards improving foreign exchange and economic stability.
It said relative stability in the foreign exchange market had provided greater predictability for importers and exporters and enabled businesses to plan their international transactions with more confidence.
Speaking at a press conference, Samson Asaki Awingobit, the Executive Director of the IEAG said GoldBod’s trading policies had contributed to strengthening Ghana’s foreign exchange position and improving access to foreign exchange for legitimate business activities.
He further commended the Bank of Ghana for measures aimed at maintaining macroeconomic and financial stability, noting that the reduction in interest rates was particularly encouraging for businesses that depended on credit to finance their operations.
The IEAG cited the Bank of Ghana’s Financial Stability Review, which indicated that the average lending rate declined from 30.3 per cent in December 2024 to 20.5 per cent in December 2025.
Awingobit said continued reductions in the cost of credit would provide relief to importers and exporters who required working capital to purchase goods and meet international trade obligations.
He urged GoldBod and the Bank of Ghana to sustain and deepen measures that supported foreign exchange stability and reduced the cost of borrowing. Form An LLC
The IEAG stated that such measures were particularly important ahead of the Yuletide period, when demand for foreign exchange, credit, and imported goods was expected to increase.
