Importers now able to plan better as cedi remains stable – GUTA

The Ghana Union of Traders Association (GUTA) has said importers are now able to plan their businesses with greater certainty as the cedi has remained relatively stable for about 15 months.

Speaking on Channel One News’ Quarterly Economic Outlook on April 27, 2026, Vice President of GUTA, Joseph Paddy, said the stability has eased pressure on traders who previously had to constantly adjust prices due to exchange rate fluctuations.

“When the exchange rate drops, it helps the business community because the cost of doing business is extremely high,” he said.

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He explained that in previous years, traders often faced sudden changes in the exchange rate even before imported goods arrived in the country, making it difficult to accurately calculate costs.

“You would recall that previously, in our business, before the vessel would arrive, the exchange rate would move even before you clear the goods. But now, the rate is stable,” he added.

The cedi appreciated significantly in 2025, rising from about GH¢14.70 to the US dollar at the end of 2024 to around GH¢11.0 in 2026, before stabilising.

The development has reduced the cost of imports. A trader importing goods worth US$100,000 now saves about GH¢370,000 compared to late 2024 exchange rates.

GUTA said the stability has improved business planning and reduced risks associated with currency volatility, especially for members who rely heavily on imports.

The association represents over 28,000 traders across the country.