Some of Ghana’s top exporters, including Anthony Pile, Founder of Blue Skies Company Ltd., are warning that while the recent strengthening of the cedi is welcomed, it could hurt the export sector if inflation remains high and economic growth continues to lag.
Pile noted in an interview with Channel One TV that although importers benefit from the stronger currency, exporters are now earning less when converting foreign income into cedis—while still paying more for inputs due to persistent inflation around 18%.
He stressed that real progress will depend on reducing inflation and improving economic fundamentals.
Despite challenges, he expressed cautious optimism and echoed calls for a balanced exchange rate around GH¢10–GH¢12 to the dollar.
