The Ghana Shippers Authority (GSA) is asking spare parts dealers to reduce prices so Ghanaians can feel the benefits of the rising Cedi. This call was made during a courtesy visit by leaders of the Abossey Okai Spare Parts Dealers Association to the CEO of the GSA, Prof Ransford Gyampo, at the GSA’s head office in Accra today.
Prof Gyampo was joined by the Deputy CEO (Technical) Madam Asana Owu, the Head of Freight and Logistics Mr Fred Asiedu Dartey, and other senior officers of the GSA. The visiting team was led by the Association’s Head of Communications, Mr Takyi Addo, who came with the General Secretary, Madam Gifty Fianu.
The meeting focused on the high cost of doing business at Ghana’s ports, a concern shared by both traders and shipping service providers. Prof Gyampo explained that the Cedi has picked up strength in recent weeks and inflation is slowing, yet prices of spare parts remain high on the market. He said this gap weakens public confidence, especially at a time when the government is trying hard to ease business pressure.
He also revealed that the Ministry of Finance is setting up a committee to review all duty cost components at the ports, adding that the GSA will take an active seat on that committee. According to him, the GSA will use that seat to push for fairer charges for shippers, cargo owners and service providers.
Prof Gyampo urged the dealers to respond to the improving economy with responsible pricing. He said, “When the Cedi finds its feet, our markets must follow. This is the moment to show that business thinks about the people, not only about markups.”
In response, Mr Takyi Addo said many dealers have already reduced prices by about 60 percent, though the public may not have fully noticed. He added that further cuts are possible in 2026 if the economy continues to improve. “We are ready to adjust again if the signs stay positive. We want consumers to know that we are not against them,” he said.
Prof Gyampo welcomed the commitment from the Association and stressed that a stronger currency should lift everyone, from traders to transporters to final consumers. He noted that Ghana’s reputation in global trade depends heavily on how fair and predictable its port charges and market prices are.
Both sides agreed to deepen collaboration and keep engaging on measures that will make it cheaper and easier to do business in Ghana.
