The Freight Forwarders Association of Ghana (FFAG) has welcomed the decision by the Bank of Ghana (BoG) to suspend the proposed 0.75% charge on wallet-to-bank transfers pending further consultations with stakeholders.
In a press statement signed by FFAG President Francis Nyarepe-Attipoe on Tuesday, May 26, 2026, the association described the central bank’s intervention as timely and beneficial to businesses operating within Ghana’s trade and logistics sector.
According to the association, the proposed charge by Mobile Money Fintech Ltd would have created additional financial pressure for freight forwarders, transport operators, importers, exporters and small businesses involved in activities at the country’s ports.
The Freight Forwarders Association of Ghana explained that digital financial platforms, particularly mobile money services, have become critical tools in the freight forwarding industry, supporting daily operational activities such as customs payments, settlement of port charges, transport coordination, supplier payments, emergency transactions and cross-border trade settlements.
“The proposed 0.75% charge would have imposed a significant additional financial burden on freight forwarders, transport operators, importers, exporters, and small businesses operating within the port ecosystem,” portions of the statement said.
The association further warned that introducing additional transaction charges on digital payments could reduce operational efficiency, increase the cost of doing business and weaken Ghana’s competitiveness within the regional and international trade space.
FFAG noted that businesses within the freight forwarding and logistics sector are already contending with high operational costs, multiple statutory levies, delays at ports and rising transportation expenses.
It stressed that any new charges on digital transactions would likely be transferred to importers and consumers, with possible wider consequences for trade facilitation and economic activity.
The association therefore described the Bank of Ghana’s decision to suspend the proposed charge as one that supports financial inclusion, digital trade growth and broader economic stability.
FFAG also called on Mobile Money Fintech Ltd and other financial sector players to engage more extensively with industry stakeholders before implementing policies with significant operational and economic implications.
“It is therefore important that any policy affecting these platforms be carefully evaluated through broad consultation, impact assessment, and industry consensus,” the statement added.
By: Janice Opoku-Agyemang
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