Dr. Godfred Seidu Jasaw
The Board Chairman of the Ghana Export Promotion Authority (GEPA), Dr. Godfred Seidu Jasaw, has disclosed that the country’s export earnings have increased by $8.5 million so far in 2026, asserting that this is an indication of a strengthened external sector performance.
Dr. Jasaw, who also chairs Parliament’s Food, Agriculture and Cocoa Affairs Committee and serves as Member of Parliament for Wa East, made the remarks yesterday, in response to claims by the Minority caucus that recent stability in the Ghana Cedi is largely due to dollar injections by the Bank of Ghana (BoG).
The GEPA Board Chairman attributed the relative macroeconomic stability to rising export volumes and improved utilisation of the country’s productive capacity rather than excessive foreign exchange interventions by the central bank.
“Exports relative to imports are improving. As Chairman of the GEPA Board, I can confirm that our export quantum has been increasing, and as of mid-year, we have recorded a difference of about $8.5 million,” Dr. Jasaw stated.
He stressed that the growth in exports, coupled with prudent management of surplus production, is helping to ease pressure on the country’s foreign exchange reserves and support currency stability.
According to him, when domestic production is efficiently harnessed and export volumes rise, the inflow of foreign exchange naturally strengthens the economy.
“It is not about over-injection of dollars. If the productive capacity of the country is being utilised effectively and exports are increasing, clearly you will see some stability in the macroeconomy,” he said.
His comments come amid ongoing political debate over the drivers of recent exchange rate stability and broader economic performance. The Minority has argued that central bank interventions, particularly through the supply of foreign currency into the market, have been the primary factor stabilising the cedi.
However, Dr. Jasaw maintained that structural improvements in trade performance are playing a significant role.
He suggested that sustained export growth would provide a more durable foundation for macroeconomic stability than short-term monetary measures.
Ghana’s export sector, dominated by commodities such as cocoa, gold and oil, has in recent years been targeted for diversification under various government-led initiatives aimed at boosting non-traditional exports.
Dr. Jasaw indicated that GEPA remains committed to expanding Ghana’s export base and supporting businesses to access new international markets, describing export-led growth as critical to long-term economic resilience.
A Business Desk Report