Importers and Exporters Association Decries “Mafiarian” Auctions of Perishable Goods at Ghana’s Ports
The Importers and Exporters Association of Ghana (IEAG) has raised alarm over what it describes as the illegal and “mafiarian” auctioning of perishable goods at the country’s ports, warning that the practice threatens the survival of local businesses and undermines investor confidence.
In a strongly worded statement, the Association accused politically connected cartels of manipulating the auction system to dispossess genuine importers of their goods, particularly frozen foods, while exploiting loopholes in foreign exchange constraints that have already left traders struggling.
According to the IEAG, the persistent scarcity of foreign exchange from commercial banks has made it increasingly difficult for importers to settle obligations on time. As a result, many consignments are transferred to the Uncleared Cargo List (UCL). Although the law provides a 60-day grace period before goods on the UCL may be auctioned, the Association alleges that the period has been arbitrarily shortened to 21 days.
“This shortened window is deliberately designed to frustrate importers while politically connected businessmen wait in the shadows to take over these goods through dubious auctions,” the Association said. “Even more scandalous is the fact that no genuine gazetting or legal processes are followed, leaving affected importers dispossessed of their investments.”
The group further alleged that, in addition to losing their goods, importers are compelled to pay accumulated demurrage, while buyers at the auctions are exempted and only pay shipping lines service charges ranging from GH¢6,000 to GH¢10,000. The IEAG argued that the scheme not only strips traders of capital but also deprives the state of much-needed revenue at a time of severe fiscal strain.
“How can the government on one hand, call for local business growth and inclusiveness, while on the other hand allow such hostile practices that only empower corrupt political cabals to the detriment of genuine traders?” the Association queried.
Demands and next steps
The IEAG has outlined a number of demands, including:
Restoration of the 60-day UCL grace period for perishable goods.
A first-time clearance option allowing importers who miss deadlines due to forex challenges to pay penalties and clear goods before auction.
A comprehensive investigation by the Customs Division of the Ghana Revenue Authority and security services into those benefiting from the auctions.
Urgent intervention by the Bank of Ghana to ensure importers can access forex from commercial banks at fair and predictable rates.
The Association warned that failure by the authorities to act could further cripple local businesses, erode investor confidence, and push the economy deeper into instability.
“The IEAG will not sit aloof while its members are subjected to such exploitation,” the statement concluded, adding that the group is prepared to pursue legal remedies or mass action if its concerns are ignored.
