BoG Orders Shipping Firms to Publish Daily FX Rates

Ghana Shippers Authority To Sanction Liners Flouting New Forex Pricing Directives

The Ghana Shippers Authority (GSA) is set to sanction shipping lines that fail to comply with the new Bank of Ghana (BoG) foreign exchange (forex) pricing directives effective July 22, 2025. This follows concerns over shipping lines arbitrarily applying forex rates that differ from the official benchmarks, leading to unfair costs for importers and freight forwarders at Ghanaian ports.   The GSA, headed by CEO Prof. Ransford Gyampo, lodged compla…

GSA Vows Tough Sanctions as BoG Enforces New Forex Rules to Curb Arbitrary Shipping Charges

The Ghana Shippers’ Authority (GSA) has declared its readiness to sanction shipping lines that refuse to comply with new Bank of Ghana (BoG) directives on the application of foreign exchange rates at Ghana’s ports. The move, prompted by a formal petition from the GSA, culminated in a BoG notice issued on Tuesday, July 22, 2025. The directive requires all shipping lines operating in the country to publish their forex rates transparently and align…

Bank of Ghana issues new exchange rate guidelines for shipping sector - Ghana Business News

The Bank of Ghana has introduced new regulations for exchange rate application in the shipping industry to enhance transparency, pricing consistency, and compliance with its foreign exchange framework. The guidelines, announced under Notice No. BG/GOV/SEC/2025/47 on Tuesday, and signed by Ms. Sandra Thompson, Secretary, require all shipping industry operators in Ghana to publicly disclose the daily exchange rates used for invoicing. These rates …

For God and country – Gyampo hails BoG crackdown on arbitrary port charges

Professor Ransford Gyampo has hailed the latest directive from the Bank of Ghana (BoG) as a direct outcome of the tireless advocacy work by the Ghana Shippers Authority (GSA) to end the longstanding exploitation of shippers at Ghana’s ports. In a swift reaction, the Chief Executive Officer (CEO) of the Ghana Shippers’ Authority (GSA) said; “A couple of days ago, I spoke about our work at the Ghana Shippers Authority to address the arbitrary exch…

Ghana Standardizes Shipping Sector Forex Rates in Transparency Push

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-standardizes-shipping-sector-forex-rates-in-transparency-push/The Bank of Ghana has mandated uniform exchange rate disclosures for all shipping operators, effective immediately, to combat arbitrary pricing and align with national forex regulations. Published under Notice No. BG/GOV/SEC/2025/47, the directive requires daily rate displays at busin…

BoG orders shipping firms to publish daily FX rates

Effective Tuesday, July 22, 2025, all shipping companies, terminal operators, freight forwarders, and other port service providers must publish the daily exchange rates they use for billing, either on their websites or at their premises, and communicate these rates to customers before invoicing. The directive issued by the BoG is part of new guidelines on […] The post BoG orders shipping firms to publish daily FX rates appeared first on Ghanamma…