Ghana ports experiencing decline in traffic.

Ghana ports experiencing decline in traffic.

The Ghana Ports and Harbours Authority (GPHA) is expressing serious concerns over the drop in traffic at the various ports in the country.

According to a letter intercepted by JoyNews, the phenomenon started in June of last year and has been continuing through this year.

“We have obtained a general decline in port traffic in recent times. The phenomenon, according to our data started in June/July 2022, and continued through the First Quarter of 2023 without any sign of improvement.

With government cash-strapped, it cannot afford any drop in revenue, especially at the ports, and has been inviting key stakeholders at the ports for a meeting to address these concerns.

On that account, the Authority organized a meeting with stakeholders, Thursday, March 30, to discuss the causes of the decline as well as find resolutions to it.

The Executive Secretary of the Importers and Exporters Association, Samson Asaki Awingobit has also expressed worry over the development.

He blamed the predicaments of the Authority on factors such as inflation and economic turmoil.

“Largely the influence of factor that makes drop to the drop of cargo in the port is as a result of inflation due to exchange rate last year and the total reversal of the benchmark values that the government reversed,” he stated.

Original Source: Joy News