Business News of Tuesday, 30 July 2024

Source: www.ghanaweb.com

New law to regulate shipping sector and ensure fair pricing - Director of operations

Ghana Shippers Authority logo Ghana Shippers Authority logo

On Monday, July 29, 2024, Parliament officially passed the Ghana Shippers' Authority Bill, 2024, following a comprehensive legislative process. This new law is set to significantly regulate commercial activities within the shipping sector and address issues related to unfair and excessive charges imposed on traders using Ghana’s ports and land borders.

Speaking to the Parliamentary Press Corps after the bill's passage, Miss Sylvia Asana Daudau Owu, the Director of Operations at the Ghana Shippers’ Authority (GSA), emphasized that the new law will enhance the regulation of transit trade, creating a more equitable environment for both shippers and service providers. This, she noted, will boost efficiency and competitiveness in international trade.

“The Ghana Shippers’ Authority Bill, 2024, is designed to position Ghana as a preferred transit route for landlocked countries such as Burkina Faso, Mali, and Niger,” explained Miss Asana Daudau Owu. “One of the key purposes of this legislation is to ensure fair pricing and charges for all stakeholders, particularly importers and exporters.”

The updated law grants the GSA the authority to adapt more effectively to emerging trends and complexities within the shipping and logistics industry. This expanded mandate will enable the GSA to better protect the interests of shippers and service providers while improving regulatory oversight across the sector.

Established 50 years ago by NRCD 254 (1974), the GSA has played a pivotal role in regulating the shipment, storage, and delivery of international cargo by sea, air, and land. Over the decades, it has enforced compliance with industry standards both within Ghana and through its connections to neighboring countries like Burkina Faso, Niger, and Mali.


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