Africa-Press – Ghana. The Importers and Exporters Association of Ghana (IEAG) has commended the Bank of Ghana (BoG) for what it described as steady stewardship of the economy in 2025, citing improved currency stability, reduced import costs and positive impacts on port business.
Mr Samson Asaki Awingobit, the Executive Secretary of the IEAG, said the appreciation of the cedi during the year had provided significant relief to importers and exporters, particularly during the 2025 yuletide period.
Mr Awingobit, speaking at a media engagement and in a New Year’s message, noted that after initial depreciation in early 2025, the cedi strengthened by more than 40 per cent against the US dollar by mid-year, easing exchange rate pressures on traders and reducing the cost of imports.
He attributed the improvement to disciplined monetary policy, strengthened foreign exchange reserves and a resurgence in export earnings, adding that Ghana’s gross international reserves rose to over 11 billion dollars by mid-2025, providing nearly five months of import cover.
He said export earnings were estimated to have grown by about 60 per cent in the first half of the year, contributing to trade surpluses and improving the country’s external position.
Addressing recent public commentary on reported losses by the Bank of Ghana and the Gold Board, the IEAG Executive Secretary said some narratives lacked context and technical nuance, stressing that observable macroeconomic outcomes demonstrated improved confidence and stability in the foreign exchange market.
He said the strengthened cedi translated into lower import clearance costs, reduced foreign exchange components of duties and freight charges, and improved trader liquidity, which enhanced throughput and efficiency at the ports.
Looking ahead to 2026, he expressed optimism that sustained prudent monetary policy, stronger regulatory frameworks and continued engagement with the private sector would deepen confidence, support export competitiveness and maintain sustainable currency levels.
He called for balanced and informed media reporting on economic management, noting that accurate and contextual reporting was critical to shaping public understanding and supporting investment and trade growth.
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