Bawumia engages traders over high import duties, demurrage and access to credit
Former Vice President Mahamudu Bawumia met with the Trade Advocacy Group to discuss high import duties, rising demurrage charges, expensive shop rentals and high taxes affecting Ghanaian traders.
In Brief
- •Former Vice President Mahamudu Bawumia met with the Trade Advocacy Group to discuss high import duties, rising demurrage charges, expensive shop rentals and high taxes affecting Ghanaian traders.
- •The meeting highlighted concerns over port congestion and delays that could raise storage and demurrage costs, threatening Ghana’s competitiveness as a trade gateway.
- •Bawumia emphasized policy interventions to ease financial pressures, improve credit access, and create a more conducive environment for businesses to operate and expand.
- •The broader objective is to position Ghana as a sub‑regional trade hub while generating employment opportunities.
Why It Matters
High import duties and demurrage charges directly increase the cost of goods for businesses, limiting their competitiveness and ability to expand. By addressing these barriers, Ghana can improve its trade infrastructure, attract investment, and create jobs, reinforcing its role as a key trade hub in West Africa.
Key Details
- Meeting Focus
- Import duties, demurrage, credit access
- Participants
- Trade Advocacy Group, Importers and Exporters Association of Ghana
- Objective
- Position Ghana as a sub‑regional trade hub and create employment
- Concern
- Port congestion increasing storage and demurrage costs
Original Reporting & Sources
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