25.2 C
Accra
Wednesday, July 17, 2024
BusinessGIFF deliberate on maintaining relevance amid global supply chain shocks

Date:

GIFF deliberate on maintaining relevance amid global supply chain shocks

In order to discuss how freight forwarders may stay relevant in a volatile global supply chain, the Ghana Institute of Freight Forwarders (GIFF) conducted its 25th Annual General Meeting in Koforidua, the capital of the Eastern Regional Region.

The Omanhene of New Juaben, Daasebre Nana Kwaku Boateng III, addressed the audience and urged freight forwarders to deal with importers honestly and avoid deceptive practises.
In order to keep freight forwarders relevant, according to GIFF President Eddy Akrong, efforts should not be spared in exploring ICT solutions whose benefits would make freight forwarders more appealing to traders.

- Advertisement -

He appealed to the Minister of Transport to bring to finality some unjustifiable shipping line charges. Eddy Akrong said the GIFF research hub which was recently launched would make available research data to tackle challenges and also provide solutions to issues within the port and shipping industry. The Chief Executive Officer of the Ghana Shippers’ Authority, Benonita Bismarck, revealed that the Authority in collaboration with the Committee of Freight Forwarder Associations (COFFA) and the Ghana Union of Traders Association have engaged the shipping lines in order to streamline processes and address the general service quality issues within the cargo clearance space with the view to stemming the tide of arbitrariness in the introduction and increases in tariff.

She further disclosed that the 2021 estimates of the amount of demurrage paid by shippers in Ghana showed a significant decline to $19million and that the Authority will continue to pursue a further reduction to the barest minimum in the interest of shippers, especially with the recent increases in the daily demurrage rates by some shipping lines coupled with the current exchange rate volatility. The Eastern Regional Minister, Hon. Seth Kwame Acheampong commended freight forwarders for their immense role in the global supply chain.

- Advertisement -

“The various roles and activities carried out by the freight forwarder makes him indispensable in the current global supply chain. From Customs Brokerage to compliance, networking, scheduling, inventory management, warehousing, administration and documentation, the freight forwarder clearly maintains his relevance in the current turbulent global supply chain,” he noted.

The Minister of Transport, Kwaku Ofori Asiamah averred that to ensure a competitive business environment, there is the need to harmonize and standardize shipping line charges, negotiate for minimum service standards and more importantly, build strong regulatory framework for enforcement and compliance. This, according to him, will ensure non-proliferation of charges at the Ports, arbitrary increases of charges, improved service quality and value for money.

- Advertisement -

Leveraging on technology and building capacity and partnerships across the global supply value chain, he said could provide a competitive advantage in the service provision.

“I therefore want to take this opportunity to urge the Institute to provide the needed support and capacity building to ensure that members are abreast with modern trends in the industry,” he stated. Kwaku Ofori Asiamah revealed that the Ghana Shippers Authority Act has some inefficiencies, which precluded them from exercising their Authority, therefore, the act would be amended to give them more power.

He noted that sustainable shipping is the future of the industry, hence, the need to ensure that the maritime industry evolves along that trajectory.

“Ensuring environmental friendly ports, promoting regulations for green shipping through technology and renewable energy along the shipping value chain are some of the interventions being pursued by Government. Therefore, ensuring green logistics operations across the logistics value chain is a strategy that we must all pursue in our various capacities,” he stated.

Latest stories

Akufo-Addo names Christian Tetteh Yohuno as Deputy IGP

President Nana Addo Dankwa Akufo-Addo has named Commissioner of...

TV3 apologizes for unsavory ‘cartoons’ attacking Bawumia

TV3, a subsidiary of Media General, has issued an...

NDC communicator hot for saying Mahama started ‘Ghana Card’ on live radio

National Democratic Congress (NDC) communicator Bismark Aborbi-Ayitey recently faced...

Punish Captain Smart now – GJA tells Media General

The Ghana Journalists Association (GJA), alongside various social stakeholders,...

Gov’t is yet to pay companies, others GHC6bn for Free SHS implementation – Minority

The Minority in Parliament has raised concerns over the...

GRA surpasses goal of onboarding over 600 large companies to E-VAT platform

The Ghana Revenue Authority (GRA) has surpassed its goal...

Ghana set to receive $45m AfDB grant in 2025

Ghana is poised to receive a $45 million grant...

Related stories

GRA surpasses goal of onboarding over 600 large companies to E-VAT platform

The Ghana Revenue Authority (GRA) has surpassed its goal...

Ghana set to receive $45m AfDB grant in 2025

Ghana is poised to receive a $45 million grant...

Why tomato prices skyrocket every June: A seasonal phenomenon explained

The role of agriculture in most developing countries is...

COCOBOD makes $149.8m profit through restructured debt – Auditor General’s report

Ghana’s Cocoa Marketing Board (Cocobod) reported a profit of...

US$145m meter procurement breach by ECG exposed in Auditor-General’s Report

An Auditor-General (A-G) report has uncovered that the Electricity...

IMF keeps its projection for global growth unchanged at 3.2% for 2024

Global growth is expected to align with the April...