Stakeholders at the Tema Port have expressed support for a new directive from the Bank of Ghana(BoG) aimed at standardising and increasing transparency in exchange rates used by shipping lines.

The regulation, which came into effect on July 22, 2025, mandates that all shipping lines operating in Ghana use published exchange rates that align with benchmarks set by the Bank of Ghana and recognised commercial banks.

Just one week into its implementation, compliance levels are already being monitored.

Speaking to the media at the port, Francis Nyatepe-Attipoe, a representative of the Freight Forwarders Association of Ghana (FAG), commended the policy, describing it as a timely measure that will bring greater clarity and fairness to port transactions.

“We believe this directive will enhance transparency and promote consistency in how charges are calculated at the port.

So far, we are seeing positive signs, with many shipping lines already complying,” Nyatepe-Attipoe said.

Meanwhile, Nana Asiamah Peprah I, Vice President of the Ghana Institute of Freight Forwarders (GIFF), also confirmed partial compliance among shipping lines.

He welcomed the move but issued a word of caution.

“Entities quoting fees in U.S. dollars must ensure they are licensed by the Bank of Ghana.

This is a critical legal requirement that must not be overlooked,” he emphasised.