By Ghana News
Copyright ghanamma
The Association of Ghana Industries (AGI) has reported a marginal improvement in the supply of dollars from commercial banks to support industrial operations.
The President of AGI, Dr Humphrey Ayim-Darke, said access to foreign exchange has become better compared to a month ago.
“We can say that, compared to the past, what we are experiencing right now is way better than a month ago,” he noted as quoted by myjoyonline.com.
He added that recent forex enforcement measures by the Bank of Ghana appear to be yielding results, as the cedi has also recorded some stability over the past week.
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“It is clear that the recent forex enforcement measures and guidelines are actually working,” Dr Ayim-Darke said.
He was quick to add that the new measures have also created challenges for some businesses.
“If these measures will indeed help stabilise the cedi going forward, then that should give us some comfort,” he added.
Recently, the Bank of Ghana sold one of its highest volumes of dollars in a single FX forward auction, offering $300 million.
Of this, commercial banks accepted $243 million at a price range of GH¢12.15–GH¢12.40.
On compliance issues, the AGI president pointed out that not all shipping lines and port agencies have aligned their charges with the Central Bank’s exchange rate directives.
“I think the Bank of Ghana and the Ghana Shippers’ Authority must move to crack the whip. Regulators must ensure that all players abide by the forex regulations and guidelines,” he stressed.
Market data has also indicated that the pace of depreciation of the cedi has slowed slightly after facing heavy pressure from the US dollar in August 2025.
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