By: Franklin ASARE-DONKOH
Executive Secretary of the Importers and Exporters Association of Ghana (IEAG), Mr. Samson Asaki Awingobit, has revealed that the financial burden on importers was eased in 2025 at the country’s ports due to an improved exchange rate environment and the appreciation of the Cedi against major trading currencies.
According to him, the appreciation of the Cedi in 2025 translated into significantly lower import clearance costs and improved trader liquidity at the country’s ports, particularly during the peak period in December.
Addressing patrons at a media get-together in Accra, the Executive Secretary of the Association explained that the improved exchange rate environment enhanced operational efficiency across the port and trade value chain.
“During the 2025 yuletide period, import clearance costs were significantly lower relative to the cost burdens of prior years, largely due to a stronger Cedi, which reduced the foreign exchange component of duty payments, freight bills, and related port charges,” Mr. Awingobit reiterated.
According to him, the currency gains had a direct impact on port business, helping traders manage working capital more efficiently and increasing cargo throughput during one of the busiest trading seasons of the year.
“Trader liquidity improved, given that better exchange rates lightened the Cedi cost of working capital denominated in dollars, increasing throughput and enhancing port efficiency,” Mr. Awingobit added.
He further noted that the gains followed broader macroeconomic improvements recorded in 2025, including currency stability, stronger external buffers, and robust export earnings, which together reduced exchange-rate pressures on import-dependent businesses.
From the perspective of importers and exporters, the IEAG explained that lower clearance costs and improved liquidity encouraged higher volumes of legitimate trade and reduced operational stress at the ports.
Members of IEAG are of the view that the improved port business environment reinforced Ghana’s competitiveness as a regional trading hub.
Looking ahead, executives and members of IEAG expressed optimism that sustained currency stability and policy coordination would further enhance port efficiency, lower the cost of doing business, and support increased trade volumes in 2026.
The Association urged continued collaboration between economic managers, port authorities, and the private sector to consolidate the gains made in the maritime and trade sector.
