• 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

Ghanaian Traders in Israel Express Concern Over Soaring Freight Costs Amid Escalating Israel-Iran Conflict

2 months ago
in Business, Energy, Features, highlights, Home, home-news, latest News, Markets
1 min read
0 0
0
176
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Ghanaian Traders in Israel Express Concern Over Soaring Freight Costs Amid Escalating Israel-Iran Conflict

Some Ghanaian businesses operating within the Israel trade corridor have expressed growing concern over the potential spike in freight charges as the conflict between Israel and Iran intensifies.

With geopolitical tensions escalating between the two Middle Eastern nations, shipping routes are being threatened, sparking fears among Ghanaian importers and exporters of significant disruptions to trade logistics and rising costs.

In an interview, President of the Ghana Union of Traders Association (GUTA), Joseph Obeng, revealed that members of the association are already experiencing signs of freight instability. According to him, shipping firms have begun contemplating route changes in anticipation of possible closures in critical maritime channels, including the Strait of Hormuz.

“The only problem we see is that it is going to affect us in terms of freight charges and the prolonged delivery of our goods, because most of these shipping lines are going to reroute. If care is not taken, the Strait of Hormuz is also going to be closed,” he warned.

The Strait of Hormuz is a key oil and trade route, and any disruption there could have far-reaching consequences on global supply chains, particularly for petroleum and essential goods.

The ongoing conflict has already sent ripples through international markets, triggering a 3% surge in global oil prices following a reported U.S. strike on three Iranian nuclear sites. For Ghanaian traders, this development could translate into higher importation costs, further worsening the cost-of-living situation at home.

RelatedPosts

Communications Minister Threatens to Revoke Multichoice Licence by September 6

Ghana Cedi’s World-Beating Performance Upended by Imports Surge

Your Savings as Your Launchpad for a Better Financial Future

Mr. Obeng has called on global leaders, particularly the United Nations and the United States, to intervene and push for diplomatic engagement to de-escalate the conflict.

“Most of the essential cargo comes from this corridor, and that’s why we do not seek the escalation of this war. We rather pray to the leaders of the world, the UN and the United States, to find ways to bring a ceasefire and a political solution to this problem,” he appealed.

Tags: freight costsGhanaian TradersGhanaian Traders in Israel Express Concern Over Soaring Freight Costs Amid Escalating Israel-Iran ConflictIsrael-Iran Conflict

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

US Open: Alcaraz and Djokovic set up Blockbuster Semi-final

Deloitte: Premier League Clubs Exceed £3 Billion in Record Summer Spending

The Race to FIFA World Cup 2026: Who’s In, Who’s Close, Who’s Dreaming?

BoG Ups FX Forward Auction to $208m Amid Cedi Pressures

Headline Inflation Falls to 11.5% in August, Beating Gov’t’s 11.9% End-Year Target

GNCCI Urges Government to Stabilise Exchange Rate to Safeguard Growth

Trending

Features

Communications Minister Threatens to Revoke Multichoice Licence by September 6

September 3, 2025

Communications Minister Threatens to Revoke Multichoice Licence by September 6 The Minister of Communications, Digital Technology and...

Ghana Cedi’s World-Beating Performance Upended by Imports Surge

September 3, 2025

Your Savings as Your Launchpad for a Better Financial Future

September 3, 2025

US Open: Alcaraz and Djokovic set up Blockbuster Semi-final

September 3, 2025

Deloitte: Premier League Clubs Exceed £3 Billion in Record Summer Spending

September 3, 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.