• About
  • Advertise
  • Privacy Policy
  • Contact
Thursday, July 16, 2026
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result
in Vaultz Business

Importers Back Mahama’s Push to Regulate Port Fees, Predict Market Relief

Maynard Championby Maynard Champion
July 14, 2025
Reading Time: 4 mins read
Add as Preferred on Google
High Court Clears GSA to Slash Container Charges

The Importers and Exporters Association of Ghana has lauded President John Dramani Mahama’s recent directive to subject shipping line charges to parliamentary scrutiny, describing it as a critical intervention that could help ease the cost of doing business and reduce prices of goods and services in the market.

The directive, announced by President Mahama during a high-level meeting with the leadership of the Ghana Institute of Freight Forwarders (GIFF) at the Jubilee House on Friday, July 11, seeks to eliminate unapproved administrative charges imposed by shipping lines and to bring greater transparency to Ghana’s port operations.

According to the Executive Secretary of the Importers and Exporters Association, Mr. Samson Asaki Awingobit, the president’s move, if fully implemented, could offer significant relief to businesses and consumers alike.

“If the government succeeds by getting parliament to approve these handling charges, and shipping lines are made to strictly comply with the law, the number of duplicated charges will be a thing of the past.”

Mr. Samson Asaki Awingobit

He further explained that port-related costs have been a major driver of inflation in Ghana, due to their ripple effect on the final retail prices of imported goods. “This will boost morale and reduce the cost of doing business at the ports, and of course, it will eventually extend to the consumer. We’ll see a total reduction in the cost of goods on the market,” he added.

ADVERTISEMENT

Arbitrary Port Fees Under Fire

Concerns over arbitrary and excessive port charges are not new. Freight forwarders and importers have, over the years, decried the proliferation of unjustified handling and administrative fees levied by shipping lines, some of which are charged in US dollars.

One particularly contentious issue raised by freight operators is the imposition of administrative fees per container, even when multiple containers are shipped under a single bill of lading. This, they argue, amounts to exploitation and imposes undue financial strain on importers, especially those operating on thin margins.

Importers And Exporters Association Questions Benchmark Value Reversal Without Consultation
The Executive Secretary of the IEAG, Mr. Samson Awingobit Asaki

President Mahama’s response to these concerns, industry insiders say, signals a shift towards tightening regulatory oversight at the country’s ports—a move that is being viewed as both pro-business and pro-consumer.

A Win for Transparency and Parliamentary Oversight

The president emphasized that his directive is aimed at promoting greater transparency in Ghana’s import and export regime. By mandating that all shipping line charges receive parliamentary approval, the government hopes to stamp out arbitrary levies and encourage a more predictable and lawful trading environment.

“This is not just about economic efficiency; it’s about fairness and transparency. For too long, businesses have had to endure charges that lack legal backing. It is time to bring order to our port system.”

Mr. Samson Asaki Awingobit

Stakeholders believe that this legislative route will ensure accountability while providing lawmakers the opportunity to vet and debate charges before they are passed on to businesses and consumers.

ADVERTISEMENT

Longstanding Port Bottlenecks in Focus

Mr. Awingobit pointed out that this policy shift, though long overdue, is a welcome attempt to address the longstanding bottlenecks that have plagued the import and export sector in Ghana. The cost of clearing goods at the ports, he said, has become “a nightmare” for many businesses, some of which are forced to shut down or pass inflated costs onto the consumer.

“Imagine paying for one bill of lading but being charged the same administrative fee for every single container. It’s like paying rent for one house, but being billed separately for every room.”

Mr. Samson Asaki Awingobit

As the import and export community waits to see how swiftly Parliament acts on the president’s directive, there is cautious optimism that this could mark the beginning of a broader reform of port operations in Ghana. Analysts argue that reducing port costs will not only help businesses thrive but also contribute to lowering inflation and improving living standards.

Whether this reform will survive bureaucratic inertia and vested interests, however, remains to be seen. But if implemented effectively, it could prove to be one of the most impactful economic interventions in Ghana’s recent history.

ADVERTISEMENT

READ ALSO: BoG Blows $1.4 Billion in Forex in Just Three Months—IMF Raises Red Flags

ADVERTISEMENT

Sign Up to Our Newsletter

Fresh updates, Straight to your inbox

Tags: ImportersImporters and Exporters Association of GhanaMr. Samson Asaki AwingobitPresident John Dramani Mahama
Share1Tweet1ShareSendSend
Please login to join discussion
Previous Post

Assembly Members Receive First Tranche of Monthly Allowances

Next Post

WHO Calls for Global Rollout of Twice-Yearly HIV Shot

Related Posts

KGL Deal to Deliver GH¢550m Revenue Boost for Ghana in 2027
Vaultz Business

KGL Deal to Deliver GH¢550m Revenue Boost for Ghana in 2027

July 15, 2026
Private Businesses Capture Record Share of Bank Credit
Vaultz Business

Private Businesses Capture Record Share of Bank Credit

July 14, 2026
High Court Clears GSA to Slash Container Charges
Vaultz Business

High Court Clears GSA to Slash Container Charges

July 13, 2026
Deputy Trade Minister Hon. Sampson Ahi receives a delegation from ASSETS, led by Team Lead Mr. Peter Adetor, during a courtesy call at the Ministry of Trade, Agribusiness and Industry
Business

ASSETS Explores Partnership with Trade Ministry to Boost SME Exports

July 13, 2026
ADVERTISEMENT

Sign Up to Our Newsletter

Fresh updates, Straight to your inbox

ADVERTISEMENT

Recent News

Digital Payments Now Account for More Than Half of Transactions in Ghana – MMFL

Digital Payments Now Account for More Than Half of Transactions in Ghana – MMFL

July 16, 2026
Rick Ross New Album

Rick Ross Set to Launch Lavish ‘Set in Stone’ Album Dropping Tomorrow

July 16, 2026
Executive Chairman of the Energy Chamber Ghana, Mr. Joshua Narh

Ghana to Exceed Daily petroleum Consumption Under New Refinery Drive – Joshua Narh Explains

July 16, 2026
BoG Denies Direct Forex Interventions Throughout 2025

BoG Denies Direct Forex Interventions Throughout 2025

July 16, 2026
UNICEF

UNICEF : Middle East Conflict Threatens to Push 23 Million Children Into Poverty

July 16, 2026
ADVERTISEMENT
Next Post
WHO Calls For Global Rollout of Twice-Yearly HIV Shot

WHO Calls for Global Rollout of Twice-Yearly HIV Shot

The Vaultz News

Copyright © 2025 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2025 The Vaultz News. All rights reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.