The Importers and Exporters Association of Ghana (IEAG) has commended the Bank of Ghana (BoG) for injecting $1.15 billion into the foreign exchange market under the Domestic Gold Purchase Programme.
According to Samson Asaki Awingobit, Executive Secretary of IEAG, this move will “shore up our foreign reserves and enhance forex liquidity necessary for the shipping and maritime sectors.”
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The IEAG believes this initiative will stabilize the cedi, enhance liquidity, and support maritime operations. “This approach by the BoG is long overdue and will set Ghana’s economy on a more sustainable path,” Awingobit added.
The Association welcomes the BoG’s call for commercial banks to expand financial support for SMEs and agribusinesses, critical drivers of Ghana’s export-led growth.
The IEAG reiterates its full support for this initiative and stands ready to collaborate with the BoG and other stakeholders for its successful implementation.
