We’ll regulate shipping lines despite their resistance – Gyampo

Professor Ransford Gyampo, CEO of the Ghana Shippers Authority, has raised concerns. He accused international shipping lines in Ghana of resisting regulations. His comments came after the Chamber of Freight and Trade expressed worries on May 21.

The Chamber highlighted inconsistencies in exchange rates used by shipping lines. Dennis Amfo Sefa, President of the Chamber, noted that shipping lines are not required to use the Bank of Ghana (BoG) rate. Some use interbank rates from their banks, while others review rates monthly. This lack of uniformity creates challenges for importers.

In response, the Ship Owners and Agents Association explained their practices. They stated that shipping lines calculate exchange rates based on the port of origin's prevailing rate when a vessel departs for Ghana. They argue this follows standard international shipping practices.

On May 22, during an interview on the Citi Breakfast Show, Prof. Gyampo addressed these issues. He said some shipping lines want to avoid regulation in Ghana. "These foreign businesses must comply with our laws," he emphasized.

He compared it to following rules in other countries where they studied. "When we were abroad, we adhered to local regulations," he stated. However, many shipping lines resist complying with Ghanaian laws.

Prof. Gyampo also mentioned past resistance from shipping lines regarding service charge approvals. "They fought against legal provisions requiring them to submit charges," he said. He added that they have delayed policy implementation but remains committed to enforcing the law for Ghana's benefit.

The Freight Chamber described exchange rate disparities at ports as "unjustified."