{"id":229592,"date":"2024-10-10T14:45:22","date_gmt":"2024-10-10T14:45:22","guid":{"rendered":"https:\/\/www.ghanamma.com\/2024\/10\/10\/ghanaian-importers-are-depressed-businesses-folding-up-awingobit\/"},"modified":"2024-10-10T14:45:22","modified_gmt":"2024-10-10T14:45:22","slug":"ghanaian-importers-are-depressed-businesses-folding-up-awingobit","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2024\/10\/10\/ghanaian-importers-are-depressed-businesses-folding-up-awingobit\/","title":{"rendered":"Ghanaian importers are depressed, businesses folding up \u2013 Awingobit"},"content":{"rendered":"

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\"Executive Executive Secretary of Importers and Exporters Association, Sampson Asaki Awingobit<\/span><\/span><\/p>\n<\/div>\n

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Executive Secretary of Importers and Exporters Association, Sampson Asaki Awingobit has revealed that Ghanaian importers are battling depression due to the country\u2019s economic woes.<\/p>\n

In an interview with Akua Oteng Amponsah on Kasapa Adwadie Kase3, the Peoples National Convention (PNC) Chairman cited the depreciating cedi, crippling port duties, and soaring inflation as major challenges.<\/p>\n

\u201cThe situation is disastrous and importers are struggling to stay afloat amidst the depreciating cedi, crippling port duties, and soaring inflation. The business community is suffocating, and it\u2019s taking a toll on our mental health\u201d, Awingobit lamented.<\/p>\n

Mr. Awingobit, also the flagbearer of the People\u2019s National Convention (PNC), emphasized that importers are unable to predict clearance costs.<\/p>\n

This uncertainty has led many to suspend trade until after the election.<\/p>\n

He urged the government to acknowledge the gravity of the situation, as even well-off Ghanaians struggle to afford basic necessities.<\/p>\n

Awingobit asserted that the detectable situation is also a contributor of recent protests across the country.<\/p>\n

Ghana\u2019s economy has faced significant challenges in recent years, including, depreciating cedi, the crippling port duties, high taxes and levies at ports have increased costs for importers, soaring inflation: Prices of goods and services continue to rise, ailing economy.<\/p>\n

These factors have resulted in business closures, job losses, and economic instability.<\/p>\n

Awingobit expressed doubts about the current administration\u2019s ability to address the economic crisis, leaving much work for the next government.<\/p>\n

As the country teeters on the edge of economic instability, Awingobit\u2019s warnings serve as a reminder of the urgent need for effective solutions.<\/p>\n