30.2 C
Accra
Wednesday, September 18, 2024
BusinessShippers Authority encourages traders, state agencies to avoid demurrage

Date:

Shippers Authority encourages traders, state agencies to avoid demurrage

The Ghana Shippers Authority has once more gathered together shippers and other industry participants to emphasize the need of preventing demurrage when importing goods.

In fact, the Authority has recently launched a vigorous statewide effort to raise awareness of the fact that demurrage payments are avoidable and that, when they are, Ghanaian traders can benefit from a competitive advantage, save money, and lower consumer prices.

Participants from Ministries, Departments and Agencies, the Ghana Union of Traders Association, the Association of Ghana Industries, the Ghana Chamber of Commerce and Industry, Ghana and the Chamber of Mines, among others, attended this year’s “How to Avoid Demurrage” conference.

Chief Executive Officer of the Ghana Shippers Authority, Benonita Bismarck in a speech read on her behalf by the Head of Shippers Services, Monica Josiah, revealed that state-owned agencies contribute massively to demurrage, duties, and rent fees owed at the ports of Ghana.

She said, “Information gathered randomly from five Shipping Lines/Agents operating in Ghana revealed that over 500 containers consigned to various State-Owned Agencies remain uncleared at the ports as at September 9, 2022. The details are as follows: 49 containers have spent over 2000 days at the ports.

116 containers have spent between 1000-1999 days at the ports. 78 containers have spent between 500 – 999 days. 205 containers have spent between 100 – 499 days. 60 containers have spent up to 99 days. If we calculate this against the dollar rate, you can imagine how much the nation is losing.”

She appealed to Chief Directors, Chief Executives, Managing Directors and other relevant Officers of MDAS/SOEs, to take urgent action to ensure that consignments are expeditiously cleared from the ports to mitigate the use of state resources for such avoidable costs.

Taking his turn, Deputy Commissioner in charge of Suspense Regimes at the Customs Division of the Ghana Revenue Authority, Emmanuel Ohene said tremendous innovations introduced in the clearance process should be taken advantage of in the avoidance of demurrage.

[forminator_poll id="710479"]
[forminator_poll id="710479"]

Latest stories

Roma dismisses manager Daniele De Rossi after a series of winless games

AS Roma have dismissed head coach Daniele De Rossi...

Don’t just sign peace pacts, ensure a credible electoral register – NDC to Peace Council

The NDC's Parliamentary Candidate for Ketu North, Edem Agbana,...

GRA urged to tackle smuggling of canned and PET bottled beverages into Ghana

The American Chamber of Commerce and the Spain-Ghana Chamber...

Arne Slot celebrated his 46th birthday with his debut UCL win

Liverpool manager Arne Slot celebrated his 46th birthday with...

Provide evidence of 1D1F – Okere constituent dares DCE

A constituent from Okere in the Eastern Region has...

Health Ministry procures 26 Toyota hiace rapid response ambulances

The Minister of Health, Dr. Okoe-Boye, has announced the...

Who does what in fixing faulty streetlights in Ghana?

Street lighting is a vital component infrastructure, significantly enhancing...

Related stories

GRA urged to tackle smuggling of canned and PET bottled beverages into Ghana

The American Chamber of Commerce and the Spain-Ghana Chamber...

GIRSAL provides GHS1.18bn in loans to 17 financial institutions – BoG Governor

In the past five years, the Ghana Incentive-based Risk-sharing...

Ghana faces EU ban on vegetable exports due to galamsey crisis – VEPEAG warns

Vegetable Producers and Exporters Association of Ghana (VEPEAG) have...

Top 5 destinations for Ghana’s timber exports as of June 2024

Ghana's timber and wood product exports to the Asia/Far...

Ghana to emerge as key player in global food market – BoG

Governor of the Bank of Ghana (BoG), Dr....

160K tons of cocoa lost in 2023/24 cocoa season due to smuggling – COCOBOD

More than a third of Ghana's 2023/24 cocoa production...