Ghana relies heavily on imported goods and it goes a long way to affect the exchange rate negatively all the time. In this regard, Citi FM has put out the top 5 things which were imported into Ghana in 2017 and how much was spent on importation.
The top 5 imports are as follows cars-6%, Delivery trucks-3.3%, Refined Petroleum-3.1%, Rice-2.8% and Palm Oil-2%.
On the amount spent on goods that were imported into the country, the top five are as follows: $150m were used to import poultry into Ghana. $128M was used to import used clothes known in local parlance as foss. $91M was used to import toilet paper into the country.
$24m was used to import Fake hair into Ghana and $10.4m was used to import processed hair into the country.
See Full List Below
Ghana’s currency continues to fall against the dollar in an astronomical manner which has become a source of worry to businessmen in Ghana.
But the government has assured it is doing everything possible to halt the depreciation soon.