The Importers and Exporters Association of Ghana (IEAG) has expressed confidence in the Finance Minister’s ability to steer the country’s economy toward stability and growth. The Association has particularly commended his dedication to implementing policies that support the business community, including importers and exporters, who play a crucial role in Ghana’s trade ecosystem.
Support for the Finance Minister’s Efforts
In a statement, the Executive Secretary of IEAG highlighted the Finance Minister’s proactive approach to addressing economic challenges, including foreign exchange fluctuations, trade financing, and revenue mobilization.
“The Finance Minister has demonstrated a clear understanding of the trade sector’s needs, and his policies reflect a commitment to stabilizing the economy. We recognize his zeal in ensuring businesses, especially those in import and export, are given the necessary support to thrive,” the statement said.
IEAG also noted that the Minister’s engagements with key stakeholders in the private sector indicate a willingness to listen and take decisive action to mitigate economic pressures affecting businesses.
Key Areas of Progress
The Association acknowledged the Finance Ministry’s efforts in several areas:
- Forex Stability Measures – Strategies to stabilize the cedi against major trading currencies, ensuring predictable import costs.
- Taxation Reforms – Introduction of policies aimed at reducing excessive tax burdens on businesses.
- Trade Policy Adjustments – Collaboration with trade-related institutions to ease bureaucratic bottlenecks at ports.
- Revenue Mobilization Strategies – Strengthening internal revenue collection while ensuring businesses do not face excessive financial pressure.
IEAG’s Call for Continuous Engagement
While lauding the Finance Minister’s leadership, IEAG urged the government to sustain its open-door policy for trade sector stakeholders. The Association emphasized that continuous dialogue is necessary to fine-tune policies that affect Ghana’s import-export industry.
“The Finance Ministry must maintain close collaboration with businesses, especially in trade, to ensure policies do not unintentionally stifle growth. We are optimistic that the Minister will continue to engage industry players for a business-friendly environment,” the Executive Secretary added.
Conclusion and Call to Action
IEAG remains committed to working alongside the Finance Ministry to ensure policies are well-aligned with the realities of Ghana’s trade landscape. The Association encourages all importers, exporters, and business owners to actively engage in policy discussions that impact their operations.egulatory framework that supports business growth.
