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Tuesday, April 16
“...in accordance with the President [Akufo-Addo] directive issued at his recent address to the nation on the Ghanaian economy, on Sunday 30th October, 2022, the Bank of Ghana will no longer provide FX support for the imports of rice, poultry, vegetable oils, toothpicks, pasta, fruit juice, bottled water, ceramic tiles and other non-critical goods”.
The central bank of Ghana has directed all commercial banks in the country to stop providing foreign exchange for the importation of rice, poultry, vegetable oil, toothpicks, pasta, fruit juice, bottled water, ceramic tiles, and other non-critical goods.
It is the government’s view that this move will help reduce the country’s exposure to imports and thus reduce the high demand for US dollars and other major foreign currencies, consequently slowdown the rapid depreciation of the cedi..
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