{
  "id": 4580993,
  "title": "IEAG commends GoldBod, BoG for improving forex stability",
  "url": "https://urgent.news/2026/08/31/ieag-commends-goldbod-bog-for-improving-forex-stability",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-31T05:01:00.000Z",
  "source": {
    "name": "MyJoyOnline Ghana",
    "slug": "myjoyonline-ghana",
    "url": "https://www.myjoyonline.com/ieag-commends-goldbod-bog-for-improving-forex-stability/"
  },
  "original_language": "en",
  "account": "The Importers and Exporters Association of Ghana (IEAG) has applauded the Ghana Gold Board (GoldBod) and the Bank of Ghana (BoG) for their efforts in enhancing foreign exchange stability and bolstering economic confidence. The association highlighted the relative stability of the foreign exchange market, which has provided businesses with greater predictability in international transactions. GoldBod's trading policies have strengthened Ghana's foreign exchange position, and the Bank of Ghana's measures have improved access to foreign exchange for legitimate businesses. IEAG's Executive Director, Samson Asaki Awingobit, noted that reduced interest rates have been particularly encouraging for businesses that rely on credit. The bank's Financial Stability Review revealed that the average lending rate dropped from 30.3% in December 2024 to 20.5% in December 2025. Awingobit emphasized that further reductions in borrowing costs would offer additional relief to importers and exporters, as they need working capital to purchase goods and meet international trade obligations. He called on GoldBod and the Bank of Ghana to continue and strengthen their efforts in maintaining foreign exchange stability and lowering the cost of borrowing for businesses.",
  "summary": "The Importers and Exporters Association of Ghana (IEAG) has commended the Ghana Gold Board (GoldBod) and the Bank of Ghana (BoG) for measures it says have contributed to improved foreign exchange stability and economic confidence.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "3News",
        "title": "Importers and Exporters Association of Ghana commends GoldBod, BoG for ensuring forex stability",
        "url": "https://urgent.news/2026/08/29/importers-and-exporters-association-of-ghana-commends-goldbod-bog-for",
        "published": "2026-08-29T20:12:56.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}