Key trade associations in Ghana are optimistic about the recently passed Ghana Shippers’ Authority law, believing that it will lead to smoother operations, eliminate bottlenecks, and address excessive charges at the ports. The law, which amends the GSA’s 50-year-old establishment law, NRCD 254 (1974), aims to regulate the commercial activities of shippers and tackle the issue of unfair and excessive charges that burden traders who use Ghana’s sea and airports, as well as land borders for international trade.
One of the main objectives of the new law is to introduce transparency in the determination of port fees and charges. This will ensure accountability in the legal movement of international trade cargo across all of Ghana’s borders. Additionally, the law seeks to make Ghana a preferred transit trade channel for its landlocked neighbors, Burkina Faso, Mali, and Niger. Ultimately, the law is expected to enhance the sector’s revenue contribution to the national purse.
President of the Association of Ghana Industries (AGI), Dr. Humphrey Ayim Darke, expressed his support for the new law, stating that it will empower shippers to have fairer negotiations with agents. He emphasized the importance of the GSA in creating equity and serving as a referee in business transactions, especially at the points of entry.
Dr. Joseph Obeng, President of the Ghana Union of Traders Association (GUTA), echoed Dr. Darke’s sentiments, highlighting the challenges faced by traders due to high shipping costs. He expressed hope that the operationalization of the new law will positively impact the cost of doing business in Ghana.
Deputy Minister of Trade and Industry, Kofi Ahenkorah Marfo, assured stakeholders that further engagement will take place for the implementation of the law. The government is committed to working with all parties involved to ensure the successful execution of the new regulations.
The Ghana Shippers’ Authority (GSA), established 50 years ago by NRCD 254 (1974), plays a crucial role in regulating the commercial activities of shippers and shipping service providers in Ghana. Over the years, the GSA has been instrumental in driving compliance with established standards and guidelines in the commercial shipping sector. The new law will enable more effective regulation of transit trade, balancing the interests of shippers and service providers for enhanced efficiency and competitiveness in international trade.
In conclusion, the passage of the Ghana Shippers’ Authority law is a significant step towards improving the business environment in Ghana. With the support of key trade associations and stakeholders, the implementation of the law is expected to lead to fairer negotiations, reduced costs, and increased efficiency in the shipping sector. The government’s commitment to engaging all parties involved demonstrates a collaborative effort to drive positive change and promote economic growth in the country.