The Association of Ghana Industries (AGI) has revealed that the supply of dollars by commercial banks for their operations has improved slightly.
AGI argued that “compared to the past, what we are experiencing right now is way better than a month ago.”
President of the Association of Ghana Industries Dr Humphrey Ayim-Darke, disclosed this on PM EXPRESS BUSINESS EDITION with host George Wiafe on September 25, 2025.
The President of the AGI also revealed that they have seen the cedi record some stability over the past week and wanted the Bank of Ghana to do more to sustain the current trends.
“It is clear that the recent Forex enforcement measures and guidelines are actually working,” the President of the Association of Industries stated.
He, however, added, “We don’t want to overlook the challenges that these measures have brought to some industries and businesses; we want to look at the overall good going forward.”
Dr Darke stated that if these measures will indeed go a long way to help stabilise the cedi going forward, then that should give us some comfort.
On the recent directive that the shipping lines and agencies at the country’s ports should align their rates with that of the Central Bank as well as the Commercial Bank quotes, the AGI President noted that not all of them have indeed complied with the directives.
“I think the Bank of Ghana and the Ghana Shipping Authority must move to crack the whip,” he added.
Dr Darke was of the view that the regulators must make sure that all the players are indeed abiding by the Forex Regulations and Guidelines.
Cedi performance and outlook
Based on data picked up from the market, the cedi’s rate of depreciation has slowed marginally from last week.
It is coming after the local currency sustained pressures from the US dollar in August 2025.
Some of the market players have linked it to the recent regulatory measures that have moved to check remittance inflows and strict enforcement of the FX regulations.
The Bank of Ghana this week sold one of its highest amounts of dollars for the market through a single 7-day FX forward auction.
Market data seen by JOYBUSINESS showed that the Bank of Ghana, through its FX Forward Auction, offered US$ 300 million this week.
However, the commercial banks just accepted US$ 243 million, with a price range of GHC12.15-12.40.
The Bank of Ghana has expressed optimism that current pressures on the cedi will normalise soon.
This is due to some new monetary measures that the Bank of Ghana aimed to boost forex inflows for commercial banks.
Director of Research Dr Philip Abradu-Otoo, who disclosed this on PM EXPRESS BUSINESS EDITION, noted that the recent directive by the Central Bank requiring mining firms to auction their dollar inflows through local banks has also already eased liquidity challenges.
