The Bank of Ghana (BoG) has directed all players in the shipping industry to immediately publish the daily exchange rates they use for invoicing on their official websites and/or at their operational premises.

The directive, issued as part of efforts to promote transparency and protect consumers, is expected to standardise pricing practices across the shipping sector and eliminate ambiguity surrounding foreign exchange conversions in billing.

According to the BoG, the move is aimed at ensuring that clients and stakeholders in the shipping industry have clear and consistent access to the exchange rates applied in their transactions.

Industry observers say the directive will enhance accountability and reduce the potential for unfair pricing, especially in the import and export sectors where exchange rate fluctuations significantly affect costs.

The central bank has warned that non-compliance with this directive may attract regulatory sanctions.