The Ghana Ports and Harbour Authority (GPHA) has justified its decision to raise port duties by claiming that its port tariffs are still competitive in comparison to Ghana’s neighbors.
The GPHA ascribed the port rate revision on global economic issues, inflation, and currency depreciation.
Ghana Union of Traders’ Association President Dr. Joseph Obeng issued a statement urging GPHA to suspend the implementation of its new tariff as it will have a toll on crippling businesses.
Responding to GUTA, GPHA explained in a statement dated August 3, explained that, it was “compelled to implement the revised tariff due to the current global economic challenges including Inflation and currency depreciation which have increased our operational cost.”
“Just like all other increments done in the past, the rates of increment in this year’s tariff adjustment were informed by the outcome of a comparative port tariffs studies we conducted in our neighbouring Ports of Lomé and Abidjan, to ensure that at every given time, our ports will remain competitive in terms of price and quality of services. We wish to note that even with the increment of 1″ August 2023, overall, our port tariffs remain competitive compared to our neighbours”.
GPHA emphasized that it has invested millions of dollars in upgrading port infrastructure and an efficient port system, which will contribute to a reduction in operational costs for businesses.
“GPHA has invested millions of dollars in upgrading port infrastructure and a well maintained and efficient port system will, which in the long run, will contribute to a reduction in operational costs for businesses, enhance productivity and facilitate smoother trade operations”.
The increment in port tariff took effect on August 1, 2023.
Read the full statement below:
THANK YOU for constantly reading stories on MyGhanaMedia.com, news publishing website from Ghana. Kindly like, follow, comment and SHARE stories on all social media platforms for more entertaining updates!
Follow us on Twitter: https://twitter.com/
There are four types of content published on MyGhanaMedia.com daily: curated content; syndicated content; user-generated content; and original content.