Published On: Tue, Mar 18th, 2014

GIPC Downplays Effects Of New Foreign Exchange Measures On Investments

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The Ghana Investment promotion Center GIPC says the new foreign exchange measures introduced would not affect investments into the country by foreigners.

The Bank of Ghana last month outlined a series of measures to totally discourage the use of dollars as a medium of exchange in the country.

However, some analysts including the former GIPC Chief Executive, Kwesi Abeasi says Ghana could be affected badly because of these measures.

But Chief Executive, Mawuena Trebah disagrees.

She told JOYBUSINESS her engagement with some of the foreign firms shows that the directives were needed to stabilize the local currency, which in the long term would protect their business and investment.