The Bank of Ghana has mandated uniform exchange rate disclosures for all shipping operators, effective immediately, to combat arbitrary pricing and align with national forex regulations.
Published under Notice No. BG/GOV/SEC/2025/47, the directive requires daily rate displays at business premises or websites before invoicing.
According to the central bank, all invoices must now specify the currency, applied exchange rate, rate date, and final amount in cedis or dollars. Rates must reflect the BoG’s interbank benchmarks and actual commercial bank conditions prohibiting inflated margins that “distort pricing and undermine confidence.”
A new dispute resolution mechanism requires customers to first engage shipping providers, with unresolved issues escalating to the Ghana Shippers’ Authority. Violations may trigger administrative sanctions under Ghana’s Foreign Exchange Act (2006).
The move reinforces the Mahama administration’s broader economic reforms amid ongoing IMF-backed recovery efforts. Industry analysts note the shipping sector processes over 70% of Ghana’s external trade, making rate transparency critical for import/export costs.
