No more hidden rates: Bank of Ghana cracks down on shipping industry FX practices

The Bank of Ghana (BoG) has issued a new directive to all players in the shipping industry, mandating the adoption of transparent and market-reflective exchange rates in their pricing models.  The new guidelines, which take effect from Monday, July 22, 2025, are aimed at promoting consistency and regulatory compliance in foreign exchange practices within the […]

Customs Agents and Freight Forwarders to stage protest today over high cargo fees

Major stakeholders at Ghana’s ports are set to stage a protest today, Tuesday, September 24, at 9 a.m., against excessive charges imposed by shipping lines operating in the country. The protest is being organised to highlight grievances over hidden fees frequently levied on members of the shipping community, which have created significant financial burdens for […]

We did not engage stakeholders before rolling out new charges-Shipping Lines confess

An Executive Member of Ship Owners and Agents Association of Ghana, (SOAAG) Adam Imoro Ayarna, has admitted that the Shipping Lines operating in the country did not engage the importing public in negotiations before deciding to increase its new charges that have been described by the trading public as excessive and arbitrary. Speaking on Eye […]

Importers and Exporters condemn Shipping Lines for arbitrary and excessive Increase in charges

The Importers and Exporters Association of Ghana has chastised shipping line companies for their excessive increase in charges at Ghana’s Ports   According to the Executive Secretary of the Importers and Exporters Association of Ghana, Mr. Sampson Asaki GPHA increased its fees for the shipping lines by only USD 35. However, the shipping lines on […]