• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business

Ghana Shippers’ Authority Defends New Law Amid Trader Concerns

1 year ago
in Business, Economy, Editor's pick, Features, highlights, Home, home-news, latest News, Trade
1 min read
0 0
0
204
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Ghana Shippers’ Authority Defends New Law Amid Trader Concerns

The Ghana Shippers’ Authority (GSA) has issued a robust defense of the new legislation, countering claims by the Ghana Union of Traders Association (GUTA) that the law could hamper business operations. This comes as Ghana’s shipping industry faces a pushback as the regulator and traders clash over a recently passed law that aims to reshape the sector.

The controversy centers on provisions for shipper registration and shipment notifications, which GUTA fears could evolve into a restrictive licensing regime. However, the GSA insists these measures are not novel and have been part of Ghana’s regulatory framework for decades.

“Registration only means registration, and by no stretch of imagination should it be construed as a licensing regime,” the GSA stated, addressing concerns that have rippled through Ghana’s trading community since the law’s passage.

The dispute highlights the delicate balance the regulator must strike between oversight and facilitating trade in emerging markets. Ghana, a key West African economy, relies heavily on its ports for both imports and exports.

GUTA’s apprehension extends to the Advance Shipment Information System, a measure they claim was previously resisted and withdrawn by the government. The GSA counters that this system aims to expedite pre-arrival clearance processes, potentially reducing costly delays at ports.

The tension underscores a communication gap between policymakers and industry stakeholders. GUTA alleges inadequate consultation during the law’s development, a claim the GSA disputes, pointing to ongoing engagements since the bill’s inception.

RelatedPosts

IMF Urges Lebanon to Deepen Reforms Amid Fragile Rebound and Banking Sector Challenges

GCB Bank Outlines Post-IATF Path to Powering Africa’s Trade Future

AGI Raises Alarm Over Weak Consumer Demand Despite Signs of Economic Recovery

As the dust settles on the parliamentary process, attention now turns to the forthcoming Legislative Instrument (L.I.) that will operationalize the law. The GSA has pinned its hopes on this L.I. to address industry concerns, promising continued stakeholder engagement in its development.

“Every effort is being made to ensure that Ghana remains well aligned to global standards of shipping and is thus a competitive route for international trade,” the GSA assured.

The controversy comes at a crucial time for Ghana’s economy, which is grappling with inflation and seeking to boost trade to drive growth. How this regulatory overhaul is implemented could have significant implications for Ghana’s competitiveness in regional and global trade.

As the situation unfolds, industry observers will be watching closely to see if the GSA can deliver on its promise of an enabling rather than inhibiting regulatory environment. The success of this balancing act could set a precedent for other African nations seeking to modernize their shipping regulations while maintaining business-friendly policies.

Tags: AGI-GUTAGhana Shippers Authority (GSA)Ghana Shippers' Authority Defends New Law Amid Trader ConcernsGhana's shipping industry is facing turbulence as regulators and traders clash over a recently passed law that aims to reshape the sector.Ghanaian Union of Traders Association (GUTA)guta

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

No Result
View All Result

Highlights

Lead, Mercury Found in Turmeric, Tom Brown and Others – FDA Report

IFRIG Announces 4th Edition of Non-Interest Finance International Conference

Russia Finally Moves Forward on its Long-Awaited Nuclear Deal With East Africa’s Largest Economy

Botswana Organises Surprise Diamond Auction to Raise Money

Zijin Becomes World’s No. 3 Miner After Reaching $100bn Valuation

Tullow Oil Exits Kenya With $120m Sale to Auron Energy

Trending

Business

IMF Urges Lebanon to Deepen Reforms Amid Fragile Rebound and Banking Sector Challenges

September 26, 2025

IMF Urges Lebanon to Deepen Reforms Amid Fragile Rebound and Banking Sector Challenges The International Monetary Fund...

GCB Bank Outlines Post-IATF Path to Powering Africa’s Trade Future

September 26, 2025

AGI Raises Alarm Over Weak Consumer Demand Despite Signs of Economic Recovery

September 26, 2025

Lead, Mercury Found in Turmeric, Tom Brown and Others – FDA Report

September 26, 2025

IFRIG Announces 4th Edition of Non-Interest Finance International Conference

September 26, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.