The Bank of Ghana (BoG) has responded to growing unease within the business community by assuring the Ghana Union of Traders’ Association (GUTA) and the general public that there is no shortage of foreign exchange (forex) in the country.
This assurance follows widespread concerns raised by traders and importers over challenges in accessing forex from commercial banks. Many say the delays and restrictions are hampering their ability to fulfill international payment obligations and restock goods, placing pressure on operations and supply chains.
In a statement issued on Monday, the BoG acknowledged the concerns but emphasized that it continues to supply adequate forex through its regular interventions on the market. The central bank also reiterated its commitment to maintaining a stable and efficient forex regime that supports business activities.
“We have made sufficient foreign exchange available through various windows and continue to monitor the situation to ensure no disruption in trade financing,” the statement read.
The BoG urged commercial banks to work closely with clients and channel requests through appropriate structures to ensure fair and transparent allocation.
Meanwhile, GUTA welcomed the clarification but urged the central bank to intensify monitoring and ensure forex flows effectively reach traders. The association further called for sustained dialogue between the BoG, commercial banks, and the trading community to prevent future disruptions.
The development comes amid broader economic pressures, including currency fluctuations and rising import costs, which continue to affect the private sector.
