Ghana’s Economy Shows Signs of Strength, Cedi Appreciates by 40% Against US Dollar – IEAG

9The Importers and Exporters Association of Ghana (IEAG) has hailed the country’s economic progress in 2025, particularly the cedi’s remarkable appreciation against the US dollar. In a statement delivered by Executive Secretary Samson Asaki Awingobit, the IEAG attributed the cedi’s strength to disciplined monetary policy, improved market confidence, and robust export growth.

Cedi’s Appreciation Eases Import Costs

The cedi’s 40% appreciation against the US dollar by mid-2025 significantly eased import costs and reduced exchange-rate induced pressures on traders. This development brought relief to importers who depend on foreign inputs and finished goods for local distribution and manufacturing.

Macroeconomic Stability

The IEAG credited the Bank of Ghana for its role in stabilizing the economy, citing strengthened foreign exchange reserves, which rose to over $11 billion by mid-year, providing nearly five months of import cover. Export earnings also grew by an estimated 60% in the first part of 2025, helping balance external accounts and record significant trade surpluses.

Impact on Port and Trade Costs

The macroeconomic improvements translated to real cost benefits in the maritime and port space. During the 2025 yuletide period, import clearance costs were significantly lower, and trader liquidity improved sector performance, and port efficiency increased.

Recognition and Optimism for 2026

The IEAG acknowledged the Bank of Ghana’s steady stewardship in 2025 and expressed optimism that continued prudential monetary policy and constructive engagement with the private sector will deepen confidence and enhance trade volumes in 2026.

“Strengthened regulatory frameworks and policy coordination will further support Ghana’s export competitiveness,” said Awingobit.

The IEAG reiterated its call for balanced and informed reporting, emphasizing the importance of accurate and contextual reporting in building Ghana’s economic narrative.

Key Highlights:

Cedi appreciates by 40% against US dollar
Foreign exchange reserves rise to $11 billion
Export earnings grow by 60%
Import clearance costs decrease
Trader liquidity improves

The IEAG wishes all stakeholders a prosperous and impactful 2026, expressing confidence that Ghana’s economy will continue to grow and strengthen.