The importation of cheap foreign products and the instability of the Ghana cedi has been cited by the Ghana Employers Association (GEA) as been the reasons behind their inability to employ people.

The Association at its Annual General Meeting says these challenges have been a major constraint against them and are therefore calling on the government to well resource the various state agencies in order for them to adequately fight these cheap imports.

Coupled with the volatile nature of the Ghana cedis it is making employers less competitive talk of expanding their businesses with more factory hands.

Speaking at the meeting, the President of the Association, Mr. Daniel Acheampong emphasized that as a net importer the Ghana cedis is always under serious strain.

“Which represents a critical mass of the real sector of the Ghanaian economy is becoming less competitive and this is partly due to the illicit and counterfeit trading activities.

“As an association we respectfully request that government provides the regulatory agencies the requisite resources to strengthen their efforts in combatting counterfeit and illicit trade in our country.”

“Please permit me at this juncture to briefly touch on the effects of exchange rate stability or otherwise on businesses.”

“As a net importer Ghana’s local currency the cedi has always yielded to pressure from the world’s major trading currency especially the US dollar such a development tends to negatively impact projection of local business especially those who depend on imported raw materials for their productive activities.” he stressed.