The Ghana Shippers’ Authority (GSA) has defended its newly empowered regulatory role under the Ghana Shippers’ Authority Act, 2024 (Act 1122), pledging balanced enforcement aimed at enhancing fairness and transparency within the country’s shipping industry.
In a statement issued on July 15, the Authority clarified its transition from a sector advocacy institution to a statutory regulator, following the law’s passage and presidential assent in October last year.
The move grants the GSA wide-ranging powers to oversee fees and operations across the maritime logistics chain, including shipping lines, freight forwarders, terminal operators, and clearing agents.
Under Act 1122, industry players are now required to submit all proposed charges to the Authority for pre-approval.
The GSA stated: “We have enforced this obligation without hindrance,” revealing that several fee increases have already been rejected for lacking sufficient commercial justification. It emphasized that its approach is “inquisitorial rather than adversarial,” ensuring fairness by allowing all stakeholders to present their positions during investigations.
One of the most pressing issues currently under review is the inconsistent application of foreign exchange rates by shipping lines, which has drawn repeated complaints from local shippers.
The GSA confirmed that it had engaged with the Bank of Ghana and other stakeholders on the matter, and noted that “a directive is expected from the Bank of Ghana following a July 15 meeting.”
To ensure effective implementation of the new law, the Authority announced it is working with stakeholders to draft a complementary Legislative Instrument that will detail operational procedures and compliance standards.
“Our collaborative approach ensures our enforcement remains fair, firm, and beneficial to sector growth,” the GSA said, adding that its actions are aimed at securing Ghana’s position as a competitive and reliable trading hub in West Africa.
By reinforcing regulatory oversight while maintaining industry dialogue, the Authority says it hopes to bring predictability, cost-efficiency, and integrity to the country’s growing maritime sector.
About The Author
