Despite concerns raised by some Ghanaians about a slowdown in business activities due to the upcoming elections, some importers and exporters have downplayed the effect on their businesses.
According to them, business activities are moving on smoothly and will be uninterrupted by the time the general elections are held.
The Chief Executive Officer of the Ghana Export Promotion Authority, James Tigah told Citi Business News the current election brouhaha is not affecting trading activities.
According to him, various countries are still interested in importing products from Ghana.
“So you realize that Ivory Coast is importing from Ghana, Burkina is importing from Ghana and all of these are beyond 10 million dollars. So you see that they are not shying away.” he said.
He said that the export industry is not facing any challenges due to the upcoming elections.
“The election has no effect on the exporter market,” he said.
Effect of election on other sectors
Already some currency analysts have said that the activities of speculators which cause the cedi to depreciate against some major trading currencies may have minimal impact on the currency during this election season.
The comments come on the back of concerns among some industry watchers of possible distortions to the cedi’s performance ahead of the elections.
The financial institutions have therefore bemoaned the lack of investment opportunities derived from investors in the fourth quarter.
By: Jessica Ayorkor Aryee/citibusinessnews.com/Ghana