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An expert argues that the dominance of textile imports in Ghana's market, estimated at 70%, should be seen as a business opportunity rather than a threat to local industry.
Ghana's adoption of Publican AI at the ports reignites a decades-long debate about how customs should value imports fairly without stifling legitimate trade.
Stanbic Bank now allows Ghanaian importers to pay Chinese suppliers directly in cedis, bypassing dollar conversions.
Ghana's cedi depreciates to 11.95 per dollar as import demand outpaces interbank forex supply; stabilisation measures expected ahead.
The Ghanaian cedi has depreciated 1.86% in July and faces continued pressure into August as businesses stockpile imports ahead of the festive season.
African fintech Clea launches feature letting businesses pay foreign suppliers directly, easing cross-border trade friction for Ghanaian importers.
