Executive Secretary of the Importers and Exporters Association of Ghana, Samson Asaki Awingobit, has lauded the recent gains of the Ghanaian cedi, saying it is gradually ending the reliance on black market forex and driving down prices of goods on the market.
Speaking on The Big Issue on Channel One TV on Saturday, May 17, 2025, Mr.
Awingobit noted that with the dollar now trading at around GH¢12.30-down from a peak of GH¢14-importers are no longer under pressure to patronize black market operators for foreign exchange. "Gone are the days, or few weeks or few months ago, or a year ago, if one gets to shop at Abossey Okai, or at Okaishie, you will want to call Alhaji to find out how much is the rate today before you can price your goods. "Because at the end of the day, if you sell two unit, three unit items, you will go and buy the dollar and put down.
You will not wait for the dollar to start going up against the cedi." "But as we speak now, if I were pricing my goods at GH¢20 or at GH¢15 because dollar was GH¢14 and now dollar has come to GH¢12.3 and now dollar is even available at the commercial banks, nobody will go to Alhaji to look for forex to be able to do his transaction." Mr.
