The Minister for Finance, Ken Ofori-Atta has announced that Government is to embark on a comprehensive review of all port charges as a means of positioning the nation’s ports as the most competitive and efficient ports in the sub-region.
The announcement comes on the back of recent meetings and petitions by some trade unions in the country including the Ghana Union of Traders Association (GUTA) to the Council of State about the cost of importation.
Following this, the council of state met the president, the finance ministry, as well as ministry of trade and industry to discuss the matter and explore ways of reducing the high cost of importation, particularly import duties.
The announcement therefore comes as an answer to the plight of the traders and their quest to be competitive and remain in business.
Just last week, Businessman and politician, Kennedy Ohene Agyapong revealed that government was going to reduce import duties and that Ghanaians resident in the United Kingdom and Europe went agog with jubilation after he told them about the move.
He described the issue of high import duties as one of the main banes of Ghanaians living in the diaspora, adding that president Akufo-Addo’s assurance of reducing same will greatly positively impact businesses.