{"id":24822,"date":"2014-06-14T11:39:28","date_gmt":"2014-06-14T11:39:28","guid":{"rendered":"http:\/\/4cd.e16.myftpupload.com\/?p=24822"},"modified":"2014-06-14T21:29:40","modified_gmt":"2014-06-14T21:29:40","slug":"revised-bog-measures-wont-help-exporters-and-importers","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2014\/06\/revised-bog-measures-wont-help-exporters-and-importers\/","title":{"rendered":"Revised BoG measures won\u2019t help &#8211; Importers and Exporters"},"content":{"rendered":"<p>The Importers and Exporters Association\u00a0has criticized the reviewed foreign exchange measures by the Bank of Ghana (BoG) saying, it will in no way alleviate the challenges they are facing.<\/p>\n<p>The Central Bank in February, 2014 \u00a0introduced new measures to curtail the free fall of the Ghana Cedi. The bank on Friday, the BoG revised the measures.<\/p>\n<p>Speaking to <b><i>Citi News<\/i><\/b>, the executive secretary of the association,\u00a0Sampson Asaki\u00a0Awingobit<span style=\"line-height: 1.5em;\">\u00a0opined that the revised foreign exchange measures is a fa\u00e7ade been used to delude many.<\/span><\/p>\n<p>He explained that \u201cwhen you allow me to go to the bank to withdraw more than $1,000 from my foreign deposit account \u00a0and I am not allowed to use my cheque book for my foreign currency account or deposit account, then I say it is not a review.&#8221;<\/p>\n<p>\u201cI don\u2019t think this is something that the exporters and importers should be excited about. If the Bank of Ghana per their new review is saying that an importer is not permitted to transfer payment from one bank to another account, it will not benefit us,\u201d he added.<\/p>\n<p>Awingobit disclosed that importers currently struggle to secure foreign currency to transact their businesses due to the BoG measures.<\/p>\n<p>He therefore, urged the central bank to take a second look at the reviewed measures to allow importers and exporters transact their business with ease.<\/p>\n<p>&nbsp;<\/p>\n<p>By: Benjamin Epton Owusu\/citifmonline.com\/Ghana<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Importers and Exporters Association\u00a0has criticized the reviewed foreign exchange measures by the Bank of Ghana (BoG) saying, it will in no way alleviate the challenges they are facing. The Central Bank in February, 2014 \u00a0introduced new measures to curtail the free fall of the Ghana Cedi. The bank on Friday, the BoG revised the [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":24869,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[43,38,21],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Revised BoG measures won\u2019t help - Importers and Exporters - Citi 97.3 FM - Relevant Radio. Always<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/citifmonline.com\/2014\/06\/revised-bog-measures-wont-help-exporters-and-importers\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Revised BoG measures won\u2019t help - Importers and Exporters - Citi 97.3 FM - Relevant Radio. 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