The chief executive officer of BC Bencyn Group says relative stability in the exchange rate earlier in the year helped businesses plan better, even as consumption and sales slowed.
Benjamin Anyanah said during a radio discussion on Dreamz fm with Nicholas Azebire that the beginning of the year showed positive signs for the private sector due to comparatively lower operational costs and predictable currency trends.
“Stability in the dollar helps us in proper planning because businesses in Ghana are tied to the external market,” he said.
He noted that although food supplies are currently high, reduced spending following the festive season and school fee payments has contributed to weaker consumer demand.
According to him, economic activity is expected to improve with the onset of the rainy season, when farming and related commercial activities typically increase.
