Shipping lines that violate the BoG’s rules regarding foreign exchange costs will face harsh consequences – GSA.

Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd.

The Ghana Shippers Authority (GSA) says it will crack the whip on shipping lines that will flout the new Bank of Ghana (BoG) guidelines on foreign exchange charges at ports.

Following a petition by the authority, the BoG issued a notice on Tuesday, July 22, 2025, demanding that all shipping lines publish their forex rates and abide by recommended rates prescribed by the Central Bank.

Speaking to JoyBusiness, on the sidelines of the inauguration of the board of the GSA, the Chief Executive, Prof. Ransford Gyampo, said the authority will ensure fair pricing in the freight industry.

Source: newsthemegh.com