The Importers and Exporters Association of Ghana (IEAG) has commended the Ghana Gold Board (GoldBod) and the Bank of Ghana (BoG) for their efforts to promote foreign exchange stability and improve conditions for businesses engaged in international trade.
In a statement issued on August 27, 2026, the association said interventions by the two institutions had helped strengthen Ghana’s foreign exchange position and provided a more predictable environment for importers and exporters.
According to the IEAG, GoldBod’s gold trading activities and related policies have contributed to the availability of foreign exchange for legitimate business transactions, helping to support relative stability in the forex market.
The association said the improved stability had enabled businesses involved in international trade to plan their transactions with greater confidence. It pointed to the volume of imports recorded at the country’s ports as evidence of continued trade activity and improving business conditions.
The IEAG also praised the Bank of Ghana for its monetary policy measures, foreign exchange market operations and efforts to strengthen Ghana’s external buffers.
It noted that the central bank’s measures to promote price stability, strengthen confidence in the financial sector and support exchange-rate stability were particularly important to importers and exporters, whose businesses are highly sensitive to inflation, exchange-rate fluctuations and the cost of foreign currency.
The association further welcomed the decline in interest rates and the gradual improvement in borrowing conditions.
It referenced the Bank of Ghana’s Financial Stability Review, which showed that the average lending rate declined from 30.3 percent in December 2024 to 20.5 percent in December 2025. It also pointed to reductions in the Monetary Policy Rate and Treasury bill rates.
The IEAG said further reductions in borrowing costs, depending on prevailing economic conditions, would provide much-needed relief to businesses, particularly importers and exporters that depend on working capital to finance their operations, procure goods and meet international trade obligations.
The association also commended the BoG for measures aimed at improving foreign exchange market operations and price discovery, while strengthening Ghana’s external position.
According to the IEAG, the combined interventions of GoldBod, the Bank of Ghana and other economic management institutions have contributed to creating a more stable business environment.
It urged GoldBod and the BoG to sustain and deepen their interventions, particularly ahead of the Yuletide, when demand for foreign exchange, credit and imported goods is expected to increase significantly.
The association stressed that maintaining stability in the foreign exchange and credit markets would be crucial to ensuring smooth international trade and supporting businesses during the period of heightened economic activity.
By:Rachael Djabakie