Skip to main content

Mahama’s directive to regulate Port charges may ease market prices – Importers and Exporters


 Prices of goods and services may witness significant reductions in the coming months following President Mahama’s directive to subject all shipping line charges to parliamentary approval.

This is the assertion of the Importers and Exporters Association of Ghana, which has welcomed the directive as a timely and much-needed intervention that may help reduce inflationary pressures associated with imports.

Speaking to Citi Business News, the Executive Secretary of the Association, Samson Asaki Awingobit, said the directive, if fully implemented, would address some longstanding bottlenecks in the country’s import and export system.

If the government succeeds by getting parliament to approve these handling charges by getting the shipping lines to go strictly by the laws, what it means is that the number of duplicated charges will be a thing of the past,” he said.

He stressed that: “This will boost morale and reduce the cost of doing business at the ports and then, of course, large and by will also extend to the consumer, leading to total reduction of cost of goods in the market.”

The President’s directive was issued on Friday, July 11, 2025, during a meeting with the leadership of the Ghana Institute of Freight Forwarders (GIFF) at the Jubilee House in Accra.

President Mahama said the measure is intended to eliminate unapproved administrative charges imposed by shipping lines and to promote greater transparency in port operations.

His comments follow complaints from freight forwarders over what they described as excessive and arbitrary charges by shipping lines. Amongst the concerns is that some lines demand administrative fees in US dollars per container, even when multiple containers are covered by a single bill of lading.

Comments

Popular posts from this blog

Kenpong Travel & Tours Champions Breast Cancer Awareness During Customer Week

  As part of activities to mark Customer Week, Kenpong Travel & Tours, a leading travel agency in Ghana, is joining the global fight against breast cancer. October is Breast Cancer Awareness Month, and the company is passionate about spreading hope and support to those affected. At Kenpong Travel & Tours, we believe that travel and exploration can be therapeutic and empowering. That's why we're committed to supporting our customers and the broader community in the fight against breast cancer. We're proud to stand in solidarity with breast cancer warriors and survivors. At Kenpong Travel & Tours, we believe that everyone deserves a chance to explore the world and create unforgettable memories. Let's prioritize health, support one another, and fight against breast cancer," said Kennedy Agyapong, CEO of Kenpong Travel & Tours. Our efforts are focused on raising awareness, promoting early detection, and supporting those affected by breast cancer. We urg...

E&P takes over Black Volta and Sankofa Gold projects after years of delay

 Indigenous mining firm Engineers & Planners (E&P) has acquired Azumah Resources Ghana Ltd and Upwest Resources Ghana Ltd, taking full control of the long-stalled Black Volta and Sankofa gold concessions in the Upper West Region. The transaction, registered with the Registrar of Companies and approved by the Minerals Commission, ends nearly two decades of under-investment, legal disputes, and capital shortfalls that kept the concessions dormant. With global gold prices trading above $3,000 per ounce, the move comes at a time when Ghana is seeking fresh mining revenue to support its IMF-backed fiscal consolidation programme. E&P announced that it has secured funding to begin mine development and has committed to repaying verified debts associated with the projects. Ghana travel guide The company outlined a structured plan that includes: Working with the Ghana Revenue Authority (GRA) to audit and confirm loans previously recorded as project investments. Repaying genuine d...

Ghana Property & Lifestyle Expo Ignites Global Interest in Ghana’s Real Estate Market with Landmark Washington DC Edition

  Washington DC, USA – Hundreds of investors, professionals, and diaspora attendees gathered at the Washington Marriott Georgetown for the Ghana Property & Lifestyle Expo (GPLE) – Washington DC Edition , marking the dynamic launch of the 2025 Global Series. The two-day international showcase delivered a powerful mix of credible investment opportunities, expert insights, and strategic networking, spotlighting Ghana’s booming real estate sector as a leading destination for property and lifestyle investment in Africa. From luxury apartments and serviced plots to gated communities and commercial developments, attendees experienced the best of Ghana’s property landscape—featuring top developers from Accra and Kumasi, including Royal Kingdom Estate, Goldkey Properties, Devtraco Plus, Clifton Homes , and others.   Eddy Acquah Moderator & AJ Akua Johnson Brand Ambassador GPLE (Actress , Fitness Coach & Philanthropist) [/caption] Ambassador Victor Smith Applauds Expo’s Rol...