The Importers and Exporters Association of Ghana has commended the Ghana Gold Board (Goldbod) for its ongoing efforts to stabilize and strengthen the Ghanaian cedi, urging the institution to remain resolute in its mission to fortify the local currency against major international counterparts like the US dollar.
This endorsement came during a courtesy visit to Goldbod’s Chief Executive Officer, Mr. Sammy Gyamfi, by the leadership of the association. The visit served a dual purpose: to congratulate Mr. Gyamfi on his recent appointment and to express the association’s support for Goldbod’s critical interventions in Ghana’s economic recovery efforts.
Speaking during the meeting, Mr. Samson Asaki Awingobit, Executive Secretary of the Importers and Exporters Association, described Mr. Gyamfi’s elevation to CEO as a well-deserved recognition of his exceptional leadership and vast experience in the sector. “Your appointment reflects the confidence placed in your abilities to navigate the challenges of the gold industry while leveraging its potential to benefit the national economy,” he stated.
Mr. Awingobit emphasized the pivotal role of gold-backed initiatives in ensuring currency stability. He expressed optimism that under Mr. Gyamfi’s stewardship, Goldbod, would not only sustain its current achievements but also innovate further strategies to shield the cedi from external shocks and speculative attacks.
In response, Mr. Gyamfi expressed heartfelt gratitude for the association’s gesture, reaffirming Goldbod’s commitment to implementing comprehensive and sustainable strategies aimed at strengthening the Ghanaian economy. He highlighted that Goldbod’s initiatives, particularly its contributions to the Bank of Ghana’s gold-for-oil policy, have already played a significant role in stabilizing the cedi.
“Our focus remains on maximizing the value of Ghana’s gold resources to bolster the country’s economic resilience. By reducing reliance on foreign currencies and promoting strategic investments in gold, we are confident that the cedi’s appreciation can be sustained,” Mr. Gyamfi assured.
The meeting underscored the collaborative spirit needed to tackle Ghana’s macroeconomic challenges, with both parties acknowledging the strategic importance of partnerships between public institutions and key private-sector stakeholders.
As Ghana continues to grapple with global economic pressures, Goldbod’s role in leveraging the nation’s gold reserves to stabilize the local currency remains a critical pillar of its broader economic strategy.
Story by: Mercy Addai Turkson #ahotoronline.com
