News

BoG’s withdrawal of foreign exchange support is a very good policy – Food and Beverage Importers


An Executive Member of the Food and Beverage Importers Association has commended the Bank of Ghana (BoG) for the withdrawal of foreign exchange support for the importation of non-essential goods.

Earlier, Bank of Ghana in an electronic notice announced the withdrawal of foreign exchange support to importers for the importation of certain non-critical or essential goods.

The goods affected include; rice, poultry, vegetable oils, toothpicks, pasta, fruit juice, bottled water and ceramic tiles.

Speaking in an interview on Joy News’ The Pulse on Thursday, Mr John Awuni said the order is in the right direction.

This, he explained is because the country is currently in an economic crisis.

According to him, the withdrawal of FX support for the importation of these items will help the country to focus on consumption of locally produced goods.

“On the face value, it is a very good policy. In the sense that we are in very difficult and critical times … For me in terms of economics, that is right,” he said.

He, however noted that “the decision has not been formulated based on any information.”

DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.

Leave your vote

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

GIPHY App Key not set. Please check settings

Back to top button

Log In

Forgot password?

Don't have an account? Register

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.