The Freight Forwarders Association of Ghana (FFAG) has called for urgent and practical measures to strengthen the cedi as the currency marks its 60th anniversary.
In a feature titled “Cedi@60, Reflections of the Freight Forwarder,” the association described the cedi as “a currency that carries Ghana’s story” but warned that its current challenges require bold policy action and discipline across all sectors.
FFAG President, Francis Nyatepe-Attipoe, explained that the health of the cedi directly affects trade, logistics, and the cost of goods, stressing that freight forwarders “feel currency movements sooner than most.”
He identified exchange-rate volatility, dollar-based pricing, and port inefficiencies as key factors driving up shipping and clearance costs, fueling inflation, and weakening consumer purchasing power.
The association urged government and the Bank of Ghana to focus on five key priorities: ending routine dollar pricing for domestic logistics, accelerating port reforms, supporting non-traditional exports, providing foreign exchange risk management tools for forwarders, and ensuring greater transparency at the ports.
According to FFAG, stable ports, predictable policy, and disciplined pricing serve as “currency stabilizers,” not merely technical concerns.
The group pledged to support national stabilization efforts by training members in digital documentation, publishing quarterly logistics data, and promoting awareness of cedi-based invoicing.
“The cedi has traversed six decades of promise and pain,” Nyatepe-Attipoe said. “Stabilizing it is not the job of the central bank alone; it requires coordination, courage, and commitment from all actors in trade and finance.”
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