Minority Slams Government Over Forex Shortage, Citing Disparity in Dollar Access

Accra, Ghana – July 30, 2025 – Ghana’s political Minority has launched a scathing attack on the government over the persistent foreign exchange (forex) shortage in the economy, claiming that while the local currency struggles, some individuals, colloquially referred to as "Abochi" (foreigners or certain privileged individuals), have ready access to dollars.

During a press briefing held today, a spokesperson for the Minority, as captured in the Peace FM Online graphic, articulated their frustration with the country's economic management, stating emphatically, "CEDI NO APICKI, BUT THE ABOCHI GET DOLLAR." This popular local idiom roughly translates to "The Cedi is not improving (or stable), but foreigners (or specific privileged individuals) are obtaining dollars," highlighting a perceived imbalance and difficulty in accessing foreign currency for ordinary citizens and businesses.

The Minority's criticism underscores deep concerns about the depreciation of the Ghanaian Cedi and its ripple effects on the economy, particularly on import-dependent businesses and the cost of living. They argue that the government's policies are failing to stabilize the currency and ensure equitable distribution of available foreign exchange.

The forex shortage has been a recurring challenge, leading to increased import costs, inflation, and general economic instability. The Minority’s remarks suggest a lack of confidence in the government’s strategies to address the situation, pushing for more transparent and effective measures to manage the country's foreign reserves and ensure fair access to hard currency.

This latest critique adds to the growing pressure on the government to provide clear solutions to the ongoing economic challenges, particularly those impacting the value of the Cedi and the availability of foreign exchange.