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The Ghana National Chamber of Commerce and Industry (GNCCI) has called on the government to step up efforts to stabilise the exchange rate to enhance the standard of living and sustain economic growth.
The Ghana National Chamber of Commerce and Industry (GNCCI) has called on the government to step up efforts to stabilise the exchange rate to enhance the standard of living and sustain economic growth.
According to the Chamber, a balanced approach is required to ensure a win-win situation for importers, exporters, and government revenue.
Speaking at the Czech–Ghana Business Cooperation Seminar in Accra on September 2, 2025, the National Treasurer of GNCCI, Michael Kabutey Caesar, stressed that exchange rate stability is crucial for business expansion and investor confidence.
“The President once indicated that the target was to peg the exchange rate between GHC10 and GHC12 to the dollar. I would be concerned if it escalates beyond that. I want to believe the government is monitoring the situation and will act to prevent a return to the high levels we experienced in the past.
“There should be a win-win situation for importers, exporters, and government taxation. At the moment, the government is not generating much tax revenue from the ports, but striking a balance is necessary—and I am confident steps are being taken in that direction,” he said.
