There’s Not Enough Dollar In The System For Importers To Trade – TAGG President, Kojo Amoateng Raises Concern

President of the Traders Advocacy Group Ghana, David Kojo Amoateng has called on government to be truthful about the true state of Ghana’s currency.

According to him, the current administration’s touted stabilization of the cedi is only for the books and doesn’t reflect the true state of affairs.

Speaking in an interview on the Final Point show with Kwabena Owusu Agyemang on Top Radio 103.1 on July 8, 2025, Mr. Kojo Amoateng noted that the prices of imported goods and services keeps fluctuating, a clear indication that things aren’t smooth as being said.

He also added that there currently a shortage of dollar for importers on the currency market, a situation that has made their operations difficult to execute.

Mr. Amoateng further stated that while the government has done a great job since coming into power, the Traders Advocacy Group Ghana has constantly released press statements whenever there’s a national discourse because they seek the interest of the nation first.

He also suggested that the government should implement drastic measures to check the current cedi rates against the US dollar

The Ghana cedi according to the BoG (Bank of Ghana) is current selling at GH 10.3552 and buying at GHS 10.3448 as of July, 10, 2025 on the interbank markets.