Ghana being host of the African Continental Free Trade Area (AfCFTA) Secretariat is something great for the nation, but being able to fulfil the goals of this initiative will be determined by strategic focus on infrastructure and industrialization, Mohammed Samara, Chief Executive Officer of Meridian Port Services (MPS) has...
Data from the Ghana Shippers' Authority (GSA) have shown that demurrage payments to shipping lines in 2019 amounted to $27million; this figure was less than the $39million recorded in 2018. According to the Authority, some of the causes of demurrage – fees importers pay for overstayed containers – include bureaucratic...
The Vice President, Alhaji Mahamadu Bawumia, has inaugurated the state of art New Liquid Bulk Terminal at Takoradi Port. The Vice President also cut the sod for the construction of a new multi-purpose Dry Bulk Jetty Phase Two, also at the Takoradi Port. The newly inaugurated Liquid Bulk Terminal, the biggest...
The Ghana Institute of Freight Forwarders (GIFF) has described as unacceptable and frustrating the challenges of the paperless ports clearing system under the management of Integrated Customs Management System (ICUMS) that have contributed to avoidable delays in cargo clearing. “We have gone back to the situation of printing all documents....
The Ghana Oil and Gas Insurance Pool (GOGIP) raked-in a gross premium income of about GH¢302million (US$63million) in 2018 and GH¢267million (US$48million) in 2019, representing a dip of about 12%. According to latest reports from the National Insurance Commission (NIC), GOGIP is made up of 22 non-life insurance company and...
The Gulf of Guinea has re-emerged as the global piracy hotspot - accounting for 90 percent of global kidnappings reported recently, with the number of crew taken increasing by more than 50 percent to 121, according to marine insurer Allianz Global Corporate & Specialty SE’s (AGCS) Safety & Shipping...
The nation’s industrialisation and infrastructure development agenda begs the acquisition of a vessel that will help it mobilise the necessary materials needed not only to facilitate economic growth but also make Ghana a maritime hub on the continent, William Amanhyia, Branch Secretary of the Nautical Institute has said. Acknowledging the...
…Shippers’ Authority fears for smooth implementation of AfCFTA As the country prepares for the January 2021 commencement of the African Continental Free Trade Area (AfCFTA), the Ghana Shippers’ Authority (GSA) has made some moves to ensure that the nation’s transit corridor is devoid of any barriers that impede the free...
The Ghana Institute of Freight Forwarders (GIFF) has raised concerns that its members and the trading community are being charged extra fees due to avoidable delays in the clearance of goods at the ports. GIFF has therefore written to the government through the office of Senior Minister, Mr. Yaw Osafo-Maafo,...
A Chinese-owned fishing trawler has been re-licensed to fish in Ghana, despite being caught for illegal fishing twice and failing to pay its fine. In June 2019, the Lu Rong Yuan Yu 956 was apprehended in Ghanaian waters with illegal nets and undersized ‘small pelagic’ fish on board – the...