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    Leverage crises to improve fortunes of continent – Ofosu-Dorte

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    Unilever Ghana PLC remains upbeat about future growth prospects

    Citi Business Festival enters final week; forum on agribusiness comes off today

    BoG must enforce regulations on informal forex trading – Prof. Quartey

    DBG will mirror KfW’s successful banking model to benefit SMEs

    Employ targeted-subsidized systems to check macro-economic challenges – Prof. Quartey

    Inflation in Africa: Some subsidy programs prolonging situation – Jeff Gable

    Cedi Summit comes off today at Alisa Hotel

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    Leverage crises to improve fortunes of continent – Ofosu-Dorte

    Unilever Ghana PLC remains upbeat about future growth prospects

    Citi Business Festival enters final week; forum on agribusiness comes off today

    BoG must enforce regulations on informal forex trading – Prof. Quartey

    DBG will mirror KfW’s successful banking model to benefit SMEs

    Cedi Summit comes off today at Alisa Hotel

    BoG’s supply of dollars to BDCs drops from 85% to 21% within 3 months – CBOD

    Societe Generale Ghana launches new ‘boafo loan product’ assist MSMEs

    CBOD calls for a more structured supply of Forex for petroleum products

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    BoG, CSA deepen collaboration to fight cyber threats

    Dr. Bawumia unveils Ghana’s first Tier IV data centre

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    Introduction of GhanaPay complements efforts to capture the unbanked into digital payments ecosystem – Veep

    #CitiBusinessFestival: How the country can take advantage of the “Ghana Opportunity”

    Chamber of Telecommunications calls for more investment into Technology to improve livelihoods

    Citi Business Festival: Address lack of financial data challenges using MoMo – Rufai Abdul Majeed

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    Gulf central banks, Bank of England raise policy rates after Fed hike

    US Fed meets inflation surge with 75bp hike

    As Nigeria’s inflation rate accelerates to 17.71%, the World Bank warns millions could face extreme poverty

    Modern airline tickets design with flight time and passenger name. Plane tickets vector pictogram. Airline boarding pass template. Vector illustration. The concept of air transportation

    Ticket prices to rise following B.A schedule change on Accra-London-Accra route

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GUTA requests 3-week grace period for members to mobilize funds to clear goods

byNerteley Nettey
April 27, 2020
in Business, Local Economy, Top Stories
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The Ghana Union of Traders’ Association (GUTA), is appealing to government to give its members a three-week grace period to mobilize funds to clear their goods from the country’s various ports amidst the novel Coronavirus pandemic.

Their concerns come barely a week after the Ghana Shippers’ Authority officially informed the Ghana Ports and Harbours Authority, GPHA, and all other players in the shipping industry to waive charges on “demurrage/detention and storage rent charges” on all cargo which have remained uncleared at the ports from March 30, 2020 to April 19, 2020 following a directive from government.

However, the Traders’ Unions argue that some concerns from Ship Owners and Agents Association of Ghana has brought about some challenges.

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President of GUTA, Dr. Joseph Obeng, in a statement issued on Sunday 26th April, 2020, said, “as a matter of expediency, we would appeal to the Government through the Minister of Transport and also our Sector Minister, Honorable Minister of Trade and Industry, to give all those who have been affected in this matter a grace period of three (3) weeks to mobilize funds and clear their goods at the ports.”

“We have received a copy of a letter on the same subject matter from the Ship Owners and Agents Association of Ghana to the Ghana shippers’ Authority expressing some reservations regarding some aspects of the contents of the directive. Thus, this will go a long way to avert any agitation that may arise out of the frustrations that our members encounter at the moment,” they added.

They are also seeking for clarification on whether charges on cargo which “arrived prior to the lock-down but was not cleared as at the date of lifting the lock-down” should be waived.

Among other demands, they also want clarity on whether cargo arriving between the lock-down up to the date of lifting on April 19, 2020 should be charged; and what should be expected in the case of another partial lock-down.

They further asked for explanation on the issue of how cargo arriving within this period should be treated as the lock-down has been lifted.

While acknowledging that the concerns raised by the ship owners and agents association are legitimate, they want the issues addressed urgently in order not to cause further delay in carrying out the directive of the Transport Ministry to worsen the situation of already frustrated members.

Due to the COVID-19 pandemic and the partial lock-down in the country, supply chain has been severely disrupted, while the associated businesses have also been affected hugely.

Halt demurrage and rent charges at the ports – GUTA to GPHA

Earlier this month, the Ghana Union of Traders’ Associations (GUTA), petitioned government to compel the Ghana Ports and Harbours Authority (GPHA) and the shipping lines to defer rentals and waive ‘demurrage and rent charges’ on cargo at the country’s ports during the period of the partial lock-down amidst the COVID-19 pandemic.

This was eventually granted by the Ministry of Transport.

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