Business News of Thursday, 28 May 2020Source: www.ghanaweb.comCoronavirus: New policy needed to limit dependence on foreign imports – AndaniAlhassan Andani, Chief Executive of Stanbic Bank GhanaThe Chief Executive of Stanbic Bank Ghana, Alhassan Andani, has urged for a new policy that will limit the country’s huge reliance on foreign imports in the wake of the coronavirus pandemic. According to him, the policy must entail and prioritize the agriculture sector’s drive to boost local production and consumption of food commodities. According to the Chief Executive of the GCX, Dr. Alfa Kadri, the move is expected to reassure farmers to keep trading on the platform. Also, figures released from the BoG indicated that the country’s total exports surpassed imports by US$780 million as of February 2020. The BoG attributed the increase to the fact that the country’s imports declined for the period, while it also benefited from the increase in some prices of commodities like cocoa and gold.

Source: GhanaWeb May 28, 2020 12:00 UTC