• About
  • Advertise
  • Privacy Policy
  • Contact
Friday, February 3, 2023
  • 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

Phasing Out Freight Forwarders Is A Threat To The Industry

December 22, 2022
Gifty BansahbyGifty Bansah
in General News
0
Phasing Out Freight Forwarders Is A Threat To The Shipping Industry

The former President of GIFF, Kwabena Ofosu Appiah

The former President of the Ghana Institute of Freight Forwarders (GIFF), Kwabena Ofosu Appiah has expressed his worry over the industry’s trend that seeks to eliminate freight forwarders.

Mr. Ofosu Appiah bemoaned that, the issue of phasing out freight forwarders as middle men in the industry while empowering the traders is a threat to the freight forwarding fraternity.

Mr. Ofosu Appiah disclosed this in relation to the World Trade Organization initiative to facilitate trade at the most convenient and affordable means for traders, which has gradually gained momentum globally. And as such, it is feared that, clearing agents like other forms of middle men, may be removed abruptly, he said

RelatedPosts

Education Minister To Appear Before Parliament Over SHS Placement Scandal On February 11

Vote For A Candidate Ghanaians Will Prefer – Alan Kyerematen To Delegates

Gold for Oil Policy Cannot Cause Reduction In Prices Of Fuel – Steve Manteaw

According to him, while the fraternity’s activities are backed by legislation, clearing and forwarding agents should not be comfortable with the present insulation that it provides.

 However, Mr. Ofosu Appiah called for clearing agents and freight forwarders to continue to explore initiatives to provide value for traders.

“Let us not allow the statutory demands shape us. But let’s get closer to the trader who is the prima donna and kingpin of our existence, and find more solutions that will wow the customer so that legislation or no legislation, there is value. We should plug ourselves into the trader’s supply chain architecture and offer solutions they can’t provide. That way, we cut their cost, and stress to handle everything.

“For example, these big supermarkets, if their clearing and forwarding agents have the capacity to plug their inventory system, can you imagine how much load is taken off their heads and how much efficiency is introduced?”

Mr. Kwabena Ofosu Appiah

A Call For Evolution In Freight Forwarding industry

In support of Mr. Ofosu’s suggestion, the Former President of Ghana Institute of Freight Forwarders (GIFF), Mr. Joseph Agbaga joined in the call for evolution of the freight forwarding industry.

According to Mr. Agbagba, the modern freight forwarder in Ghana have been able to evolve to position themselves as third party logistics service providers capable of doing beyond customs brokerage.

“We have seen this coming, and we are becoming more sophisticated as we are aware of our customers knowing that international transport solutions do not lie in isolation but a partnership between a customer and a freight forwarder. Against this backdrop, there has been the use of Information technology to make things happen.”

Mr. Joseph Agbaga

Both Kwabena Ofosu Appiah and Mr. Joseph Agbaga shared the same thought in the emphasis that, the freight forwarder is a major and indispensable component in international trading activities by virtue of the exposure the practice gives.

According to Mr. Ofosu Appiah, with the freight forwarder serving as liaisons between shipping lines, government actors and ports, they have been able to ascertain industry standards especially pertaining to prices of goods and services as well as facilitating fair and cost-efficient trade processes.

Mr. Agbaga adding up mentioned that, freight forwarders by virtue of their work, must be “a storehouse of knowledge” to assist traders go through the supply chain at the least possible level of hustle.

“You should be able to understand the nuances of trade; like how to interpret a sales contract and other formal process,” he stated.

The veteran freight forwarders nonetheless expressed dissatisfaction about how much government policies take into consideration the opinion of that particular industry.

Read Also : We Lost The Crucial VAT Vote By A Narrow Margin- Ablakwa

Tags: Freight Fowarders IndustryGhana Institute of Freight Forwarders (GIFF)World Trade Organization

Related Posts

Education Minister To Appear Before Parliament Over SHS Placement Scandal On February 11
General News

Education Minister To Appear Before Parliament Over SHS Placement Scandal On February 11

February 3, 2023
NPP flagbearership: Alan Kyerematen Visits Otumfuo Osei Tutu At The Manhyia Palace
General News

Vote For A Candidate Ghanaians Will Prefer – Alan Kyerematen To Delegates

February 3, 2023
Gold for Oil Policy Cannot Cause Reduction In Prices Of Fuel  – Steve Manteaw
General News

Gold for Oil Policy Cannot Cause Reduction In Prices Of Fuel – Steve Manteaw

February 3, 2023
That is not part of what free Senior High School should be about- Deputy Education Minister to CHASS
General News

I Disagree To Calls Suggesting CSSPS Should Be Scrapped- PNC Youth Organizer

February 3, 2023
Stop Using Ahmed Suale’s Name For Political Mileage – Family Warns Kennedy Agyapong
General News

NPP Primaries: I Do Not Want To Be Bawumia’s Running Mate – Kennedy Agyapong

February 3, 2023
Galamsey Causing Water Shortages In Sekondi-Takoradi – GWCL
General News

Galamsey Causing Water Shortages In Sekondi-Takoradi – GWCL

February 3, 2023

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Previous Post

Meta Releases Sub-Saharan Africa ‘2022 Year in Review’

Next Post

Japan Adopts Plan To Extend Nuclear Reactors’ Lifespan

Sign up for The Vaultz analytic wire

Get weekly news analysis from top editors at The Vaultz and stay informed on trending economic and business issues from across the globe.
Be Careful Of The People You Discuss Your Marital Affairs With – Counsellor
Entertainment

Be Careful Of The People You Discuss Your Marital Affairs With – Counsellor

by Esther Korantemaa OffeiFebruary 3, 2023
Oil Weakens As Market Awaits Signs Of China Demand Recovery
Extractives/Energy

Oil Weakens As Market Awaits Signs Of China Demand Recovery

by Stephen M.CFebruary 3, 2023
Blinken Postpones China Trip Over Mystery Flying Ballon
USA

Blinken Postpones China Trip Over Mystery Flying Ballon

by Comfort AmpomaaFebruary 3, 2023
Newmont Obliges To Ghana’s Tax Laws, Pays ¢184.6m As Dividends To Government
Extractives/Energy

Newmont Obliges To Ghana’s Tax Laws, Pays Gh¢184.6m As Dividends To Government

by Gifty BansahFebruary 3, 2023
Uber And Nissan To Partner For Africa’s Green Economy Summit
Innovation

Uber And Nissan To Partner For Africa’s Green Economy Summit

by Priscilla Dziedzorm FiakpornuFebruary 3, 2023
Education Minister To Appear Before Parliament Over SHS Placement Scandal On February 11
General News

Education Minister To Appear Before Parliament Over SHS Placement Scandal On February 11

by Emmanuel SarpongFebruary 3, 2023
Be Careful Of The People You Discuss Your Marital Affairs With – Counsellor
Oil Weakens As Market Awaits Signs Of China Demand Recovery
Blinken Postpones China Trip Over Mystery Flying Ballon
Newmont Obliges To Ghana’s Tax Laws, Pays ¢184.6m As Dividends To Government
Uber And Nissan To Partner For Africa’s Green Economy Summit
Education Minister To Appear Before Parliament Over SHS Placement Scandal On February 11
Snow
FIND OUT MORE

The Vaultz News

Copyright © 2021 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

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 © 2021 The Vaultz News. All rights reserved.

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