The Ghana Ports and Harbours Authority (GPHA) has attributed the revision of port tariffs to global economic challenges, inflation, and currency depreciation.
The President of the Ghana Union of Traders’ Association, Dr. Joseph Obeng, has called on the GPHA to suspend the implementation of its new tariff as it will cripple businesses.
But responding, the GPHA said the increment was justified.
According to the GPHA, 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 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”.