The Ghana Shippers’ Authority (GSA) has reiterated its commitment to intensify collaboration with the Burkina Faso Shippers’ Council (CBC) to improve the declining rate of Transit Trade between the two countries.
The reassurance was given when a delegation from the Burkina Faso Shippers’ Council (CBC) paid a working visit to the GSA on Thursday, 8th December 2022, at the Shippers’ House in Accra.
Dr. Kassoum Traore, CEO of the Burkina Faso Shippers’ Council, used the occasion to introduce the CBC’s new Representative in Ghana, Ms. Denise Bado Bouba, to the GSA, as well as to discuss ways to improve the declining rate of Transit Trade between the two countries.
The State Insurance Company (SIC) reported a 25.7 percent drop in Transit Trade from the first to the third quarters of 2022.
According to the data, the number of declarations for which the SIC issued bonds decreased from 8,430 in the first quarter to 8,052 in the second quarter of 2022. In the third quarter, the figure dropped further to 6,257. It also revealed that Burkina Faso remains the primary destination for transit cargo from Ghana’s ports.
Mr. Peter Mensah-Abrampah, Director of Finance and Administration of the Ghana Shippers’ Authority (GSA) assured the CBC of the GSA’s determination to improve the state of Transit Trade between the two countries. He said measures to drive an improvement of the situation include an increase in the frequency of its fact-finding mission along the transit corridor to ensure a hassle-free transit for shippers.
Mr Mensah-Abrampah emphasized the need to revise the existing Memorandum of Understanding (MOU) between the GSA and the CBC to reflect changing trends in the industry.
Dr. Kassoum Traore expressed appreciation to the GSA for the measures already in place to ensure the smooth transportation of goods from Ghana’s ports to Burkina Faso and for the reassurance work to further enhance the experience of shippers and thereby facilitate a turn around in the volumes of transit trade.