The Ghana Shippers Authority (GSA) has been adjudged the Public Sector Company of the Year Sector” at the 5th Ghana Business Awards (GBA) held in Accra.
The Authority emerged as one of 80 companies and individuals recognized for their varied roles in supporting Ghana’s economic growth through various industries.
The Authority under the year of review recorded significant achievements which include undertaking seminars and workshops which contributed to a reduction in the payment of demurrage by importers from 27 million dollars in 2019 to 19 million dollars in 2021.
Importers were also sensitized on how to navigate the global shortage of containers as well as the importance of buying insurance locally.
In-depth presentations were made to businesses, especially entrepreneurs on how to position themselves to benefit from the Africa Continental Free Trade Agreement (AfCFTA). While exporters were exposed to ways they can avert challenges faced by the Bank of Ghana Letter of Commitment. The Authority continued its quest to sensitize shippers on International Commercial Terms (INCOTERMS 2020) as well.
The Authority also organized its biennial Maritime Law Seminar for Judges of the Superior Court as part of efforts to build the capacity of judges in maritime law. Also, there was a successful Cocoa Freight Negotiation held with 26 shipping lines for the export of Ghana’s cocoa.
These achievements among others are geared towards reducing the cost of doing business at the port while protecting and promoting the interest of shippers.
The GBA which is organised by Globe Productions aims to promote business excellence locally and internationally.
The Awards provide a platform to recognize individuals and companies that play significant roles in the growth and development of their business sector while recognizing the key functions within the sector that promote growth and sustainability.