Ghana risks losing import trade to Abidjan – IEAG
Ghana risks losing portions of its import trade to competing ports in the sub-region if urgent measures are not taken to resolve persistent congestion and delays at its ports, the Importers and Exporters Association of Ghana (IEAG) has warned. The post Ghana risks losing import trade to Abidjan – IEAG appeared first on Ghana Business News .
Ghana may lose a significant portion of its import trade to neighboring ports, particularly the Port of Abidjan in Côte d'Ivoire, warns the Importers and Exporters Association of Ghana (IEAG). This looming threat is due to persistent congestion and delays at Ghana's ports, which have already convinced some importers to consider alternative routes.
IEAG Executive Secretary, Samson Asaki Awingobit, emphasized the urgency of the situation, stating that if left unaddressed, the consequences could be severe and long-lasting. The main issues at hand include physical container congestion, which has evolved into a broader trade competitiveness problem. The association called for immediate government intervention to restore efficiency and predictability at the ports, warning that Ghana risks becoming an unattractive destination for businesses seeking to expand their trade and industrialization agenda.
Among the concerns raised by IEAG are excessive container inspections, regulatory fees, and the breakdown of coordinated inspections. The group urged for a data-driven review of Customs' selectivity and risk management parameters, as well as an urgent review of port-related regulatory fees and charges.
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