Prof. Gyampo drags Shipping lines to BoG over excessive exchange rates

The Chief Executive Officer of Ghana Shippers Authority, Prof. Ransford Gyampo, says he had petitioned the Bank of Ghana over complaints he received from Ghanaian shippers.

According to Prof. Gyampo, he “received complaints from many shippers that some shipping lines were using arbitrary exchange rates at the ports in a manner that was making nonsense of the huge effort of the government to strengthen our currency against the dollar and to reduce the cost of doing business at the ports in Ghana.”

“In response, I commissioned a research into the problem and with the findings confirming the complaints received, I petitioned the Governor of the Bank of Ghana (BoG) and demanded that the whip be cracked on those seeking to milk dry the poor Ghanaian shipper,” – Prof. Gyampo said in a Facebook post

He revealed that the findings of his research “culminated in the BoG summoning the shipping lines and other affected stakeholders to address the issue today.”

“As a sign of the stakeholders’ willingness to work to address the problem, they permitted me to take the pictures below and to put out this brief,” he added

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Prof. Ransford Gyampo with stakeholders at the meeting with officials of Bank of Ghana

The political science lecturer has thus assured Ghanaians that “Ghana would surely work under the Government of John Mahama.”

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