By Lawrence Odoom
The Freight Forwarders Association of Ghana (FFAG) has commended the Bank of Ghana (BoG) for suspending the proposed 0.75% levy on wallet-to-bank transfers, pending broader stakeholder engagement.
In a statement issued on Tuesday, May 26, 2026, FFAG President Francis Nyarepe-Attipoe said the fee, introduced by Mobile Money Fintech Ltd, would have imposed an undue financial strain on freight forwarders, transport operators, importers, exporters, and small enterprises operating within Ghana’s port ecosystem.
According to the association, mobile money and digital financial platforms have become indispensable to daily port and cargo clearance operations. These transactions underpin customs payments, port charges, transport coordination, supplier settlements, emergency disbursements, and cross-border trade.
“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,” the statement said.
FFAG cautioned that the charge risked eroding transactional efficiency, escalating the cost of doing business, and undermining Ghana’s trade competitiveness. The group emphasized that the freight forwarding sector already contends with a high-cost operating environment marked by multiple statutory levies, logistical delays, and rising overheads.
“Additional transaction costs on digital payments would inevitably be passed on to importers and consumers, with broader implications for trade facilitation and national economic activity,” the association stated.
The group described the Bank of Ghana’s intervention as a decisive step that safeguards business continuity, financial inclusion, digital trade expansion, and the wider Ghanaian economy.
FFAG further urged Mobile Money Fintech Ltd and other financial sector actors to pursue extensive consultation with industry stakeholders before rolling out policies with far-reaching operational and economic consequences.
“It is therefore important that any policy affecting these platforms be carefully evaluated through broad consultation, impact assessment, and industry consensus,” the statement added.