The Freight Forwarders Association of Ghana (FFAG) has taken note of the proposed introduction of a 0.75% charge on wallet-to-bank transfers by Mobile Money Fintech Ltd, which was scheduled to take effect from June 1, 2026, as well as the subsequent directive by the Bank of Ghana suspending the implementation of the charges.
As key players within Ghana’s international trade and logistics value chain, freight forwarders depend heavily on mobile money and digital financial transactions to facilitate day-to-day port and cargo clearance activities.
Wallet-to-bank and bank-to-wallet transfers have become indispensable tools for operational efficiency within the freight forwarding sector, particularly in areas such as customs payments, port charges, transport coordination, supplier payments, emergency operational 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.
Beyond the direct cost implications, such charges risk slowing transactional efficiency, increasing the cost of doing business, and ultimately affecting trade competitiveness at Ghana’s ports.
The freight forwarding industry operates in an already high-cost environment characterised by multiple statutory charges, operational delays, and rising logistics expenses. 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.
FFAG therefore welcomes the intervention of the Bank of Ghana in directing the suspension of the proposed charges pending further stakeholder engagement.
The Association believes the decision is in the best interest of businesses, financial inclusion, digital trade growth, and the wider Ghanaian economy.
FFAG also respectfully called on Mobile Money Fintech Ltd and all relevant financial sector stakeholders to engage more extensively with industry players, including freight forwarders, before implementing policies that carry substantial operational and economic consequences for businesses.
Digital payment platforms have become central to modern port operations and trade facilitation. It is therefore important that any policy affecting these platforms be carefully evaluated through broad consultation, impact assessment, and industry consensus.
FFAG reaffirmed its commitment to supporting policies that promote efficient trade, financial accessibility, and efforts to reduce the cost of doing business in Ghana.
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