The Ghana National Chamber of Commerce and Industry (GNCCI) is calling on the government to intensify efforts to stabilise the exchange rate, emphasizing its importance for improving living standards and sustaining long-term economic growth.
Speaking at the Czech–Ghana Business Cooperation Seminar in Accra on September 2, 2025, GNCCI National Treasurer, Michael Kabutey Caesar, highlighted the need for a balanced exchange rate policy that benefits all stakeholders—importers, exporters, and the state.
“Exchange rate stability is critical for business growth and investor confidence,” Caesar noted. “The President previously indicated a target range of GHC10 to GHC12 per US dollar. If it rises beyond that, it would be concerning. I trust the government is keeping a close eye on the situation to avoid a return to past volatility.”
He added that achieving a fair balance is key to boosting trade and tax revenues.
“Currently, tax revenue from the ports remains low. There needs to be a win-win arrangement for both the private sector and government. I’m confident the necessary measures are being taken to address this,” he said.
The GNCCI’s remarks come amid ongoing concerns over currency fluctuations and their impact on trade, business planning, and public revenue.
