{"id":676902,"date":"2026-01-06T04:20:10","date_gmt":"2026-01-06T04:20:10","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/676902\/"},"modified":"2026-01-06T04:20:10","modified_gmt":"2026-01-06T04:20:10","slug":"stability-of-exchange-rate-critical-for-businesses","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/676902\/","title":{"rendered":"Stability of exchange rate critical for businesses"},"content":{"rendered":"

Vice President of IMANI Africa, Bright Simons, has underscored the importance of a stable exchange rate, describing it as critical for effective business planning and private sector growth.<\/p>\n

According to him, frequent fluctuations in the cedi create uncertainty, disrupt business operations, and make it difficult for companies to plan and manage costs.<\/p>\n

Mr Simons said the exchange rate should remain relatively stable against Ghana\u2019s major trading partners to support predictable economic activity.<\/p>\n

He made the remarks during an interview with Bernard Avle on Channel One TV\u2019s The Point of View on Monday, January 5.<\/p>\n

<\/a><\/p>\n

\u201cWhat is important is that it shouldn\u2019t fluctuate wildly. Stability of the exchange rate is the most important thing, not necessarily appreciation. Stability should be in sync with the business cycle. Because mostly, it is about the private sector,\u201d he said.<\/p>\n

Mr Simons explained that business cycles are often complex and involve multiple stages, including the purchase of inputs, production, sales, and revenue recovery, all of which depend on predictable economic conditions.<\/p>\n

\u201cSo if I\u2019m a business person, the business cycle can be complicated. But my decision around buying inputs, making the produce and selling and getting it back\u2014whatever that cycle might be\u2014it\u2019s good that my planning sequence aligns with an exchange rate that is stable,\u201d he noted.<\/p>\n

He stressed that while businesses can manage some internal factors, sudden changes in macroeconomic indicators such as exchange rates and inflation are beyond their control and can derail operations.<\/p>\n

\u201cBusinesses need stability within their control. The factors shouldn\u2019t change too much. If the exchange rate, which I can\u2019t control, radically changes, if inflation radically changes, it doesn\u2019t matter what I do as an entrepreneur, business manager or corporate leader\u2014everything goes awry,\u201d Mr Simons added.<\/p>\n

\n

G4R losses reflect policy design, not operational failure \u2013 GoldBod<\/a><\/p>\n<\/blockquote>\n","protected":false},"excerpt":{"rendered":"Vice President of IMANI Africa, Bright Simons, has underscored the importance of a stable exchange rate, describing it…\n","protected":false},"author":2,"featured_media":676903,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3090],"tags":[51,1700,16,15],"class_list":{"0":"post-676902","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-business","9":"tag-economy","10":"tag-uk","11":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/115846239316713615","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/676902","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=676902"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/676902\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/676903"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=676902"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=676902"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=676902"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}