Ghana: Bank of Ghana Announces Policy Restricting Poultry and Rice Imports

The Bank of Ghana restricted access to foreign exchange for a select list of imported products, including rice, poultry, vegetable oils, and pasta, among other items, to implement a directive from the President of Ghana. The President of Ghana addressed the nation on October 31, 2022, regarding his government’s approach to handling the economic crisis the country is experiencing in 2022. In the speech he announced a six-month restriction on some imported items that Ghana also can and does produce locally. U.S. poultry meat and products were the leading U.S. agricultural export to Ghana in CY 2021, hitting a record level of $92.6 million. Through September 2022, U.S. poultry meat exports are down by 31%.