The Freight Forwarders Association of Ghana (FFAG) has lauded the Bank of Ghana’s (BoG) directive to Mobile Money Fintech Limited (MMFL) to suspend the proposed 0.75% charge on wallet-to-bank transfers pending stakeholder consultations.
A press statement issued by the FFAG and signed by its President, Francis Nyarepe-Attipoe, on Tuesday, May 26, 2026, indicated that the charge would have placed an additional financial burden on freight forwarders, transport operators, importers, exporters, and small businesses operating within Ghana’s port ecosystem.
The Association says mobile money and digital financial transactions have become essential tools for freight forwarders in facilitating daily port and cargo clearance operations, including customs payments, 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,” the statement said.
Also among concerns raised by the Association is increase in cost of doing business, slow in transactional efficiency which could negatively affect Ghana’s trade competitiveness.
The FFAG noted that the freight forwarding industry already operates within a 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,” the Association stated.
It has described financial inclusion, digital trade growth, and the wider Ghanaian economy, the Association says, would all benefit from the central bank’s intervention saying the decision will serve their interest.
FFAG also called on Mobile Money Fintech Ltd and other financial sector stakeholders to engage more extensively with industry players before introducing policies with major 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.
BoG directs suspension of 0.75% wallet-to-bank transfer fee implementation
