The Ghanaian government has taken steps to address longstanding issues in the shipping sector with the recent enactment of the Ghana Shippers’ Authority (GSA) law. Passed on July 29, 2024, this new legislation empowers the GSA with expanded oversight capabilities to tackle unfair and excessive charges at Ghana’s sea and airports.
Major trade associations in Ghana are excited about the new law, believing it will significantly alleviate the persistent problems of excessive charges that have burdened traders for years.
Under the new law, the GSA will now be responsible for negotiating and approving all charges in the commercial shipping sector. This change is expected to level the playing field, particularly benefiting smaller freight forwarders who have previously struggled against larger shipping lines. Prof. Paul Kuruk, Deputy Chairman of the Ghana International Trade Commission, emphasized that the law will ensure fairer conditions for all players in the industry.
Trade associations, including the Ghana Union of Traders Association (GUTA) and the Association of Ghana Industries (AGI), have welcomed the new legislation. GUTA President Dr. Joseph Obeng praised the Act for its potential to reduce the high cost of doing business by regulating port charges. Similarly, AGI President Dr. Humphrey Ayim Darke highlighted how the law will help create fairer business costs and improve engagement with agents.
Deputy Minister for Trade and Industry, Kofi Ahenkorah Marfo, noted that the law will enhance transparency and accountability in port fees, making Ghana a more attractive transit trade hub for neighboring landlocked countries. The GSA is also expected to encourage greater local participation in the sector.
Kwesi Baffour Sarpong, CEO of the Ghana Shippers Authority, acknowledged that while the new law represents significant progress, it is not a panacea. He assured stakeholders of the GSA’s commitment to fair enforcement and collaboration to address any emerging challenges.
