The Freight Forwarders Association of Ghana (FFAG) has welcomed the Bank of Ghana’s decision to suspend the proposed 0.75 percent charge on wallet-to-bank transfers, describing the move as timely and beneficial to businesses and the broader economy.
In a press statement, the Association said the proposed charge by Mobile Money Fintech Ltd, which was expected to take effect from June 1, 2026, would have placed an additional financial burden on freight forwarders, transport operators, importers, exporters, and small businesses operating within Ghana’s port and logistics sector.
According to FFAG, mobile money and digital financial transactions have become essential tools in the freight forwarding industry, facilitating customs payments, port charges, supplier transactions, transport coordination, emergency operations, and cross-border trade settlements.
The Association noted that any increase in digital transaction costs could negatively affect operational efficiency, raise the cost of doing business, and reduce trade competitiveness at Ghana’s ports.
“The freight forwarding industry operates in an already high-cost environment characterized by multiple statutory charges, operational delays, and rising logistics expenses,” the statement said.
FFAG further cautioned that additional charges on digital transactions would likely be transferred to importers and consumers, with broader consequences for trade facilitation and national economic activity.
The Association therefore praised the intervention of the Bank of Ghana, stating that the suspension of the proposed charges pending further consultations was in the best interest of businesses, financial inclusion, digital trade growth, and the Ghanaian economy.
Speaking on behalf of the Association, FFAG President Francis Nyarepe-Attipoe called on Mobile Money Fintech Ltd and other financial sector stakeholders to engage more extensively with industry players before implementing policies with significant operational and economic implications.
He emphasized that digital payment platforms have become central to modern port operations and trade facilitation, making it necessary for any policy affecting such systems to undergo broad consultation and impact assessment.
FFAG reaffirmed its commitment to supporting policies aimed at promoting efficient trade, improving financial accessibility, and reducing the cost of doing business in Ghana.
