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, Prof.
Gyampo said, "A couple of days ago, I spoke about our work at the Ghana Shippers Authority to address the arbitrary exchange rates used by some shipping lines at the ports, that milks dry the poor shipper and accentuates the cost of doing business, in spite of the huge efforts of this government to strengthen our currency for the purposes of resetting the cost of doing business in Ghana. "The BoG directive above is the culmination of what we did, and it's always been for God and country." The Bank of Ghana's notice, signed by Secretary Sandra Thompson and issued on 22nd July 2025, introduces comprehensive guidelines targeting the unfair exchange rate practices by shipping lines and port service providers.
The guidelines mandate that all shipping industry players publish their daily exchange rates publicly, make them easily accessible to customers, and ensure all invoices clearly indicate the applied exchange rate and final amounts in either cedis or dollars.
