Accra, Ghana — The Importers and Exporters Association of Ghana (IEAG) has welcomed the government’s recent tax cuts targeted at port operations, describing the measures as a timely and strategic intervention that will significantly reduce the cost of doing business at Ghana’s ports.
According to IEAG, high port charges have for years placed immense pressure on importers and exporters, affecting pricing, competitiveness, and the overall flow of trade. The Association believes that the newly announced tax reductions signal a growing recognition by government of the critical role trade plays in stabilising the economy and creating jobs.
Speaking on the development, the Executive Secretary of IEAG, Mr. Samson Asaki Awingobit, stated that the move represents a positive shift in policy direction, particularly for businesses that rely heavily on efficient port operations.
“For a long time, our ports have been among the most expensive in the sub-region. These tax cuts will ease the burden on traders and help restore confidence in Ghana as a preferred trade hub,” Mr. Awingobit noted.
Reducing the Burden on Importers and Exporters
IEAG explained that port-related taxes and levies directly affect the final cost of goods, with implications for inflation, consumer prices, and business sustainability. The Association believes that reducing these charges will:
Lower overall import and export costs
Improve cargo clearance efficiency
Reduce delays and demurrage
Enhance competitiveness of Ghanaian goods
IEAG further noted that the cost of doing business at the ports has been a major concern raised consistently by its members during stakeholder engagements and policy consultations.
Impact on Trade and the Wider Economy
According to the Association, easing the cost structure at the ports will have a ripple effect across the economy. Importers will be better positioned to price goods competitively, exporters will gain stronger footing in international markets, and logistics efficiency will improve.
“When port costs come down, trade volumes go up. That translates into higher revenue for the state, better compliance, and more jobs for Ghanaians,” Mr. Awingobit explained.
IEAG stressed that trade facilitation should be seen as an investment in economic growth, rather than a loss of revenue.
Call for Sustained Reforms
While welcoming the tax cuts, IEAG urged government to ensure that the reforms are sustained and expanded. The Association called for:
A full review of all port-related taxes and charges
Consistency in policy implementation
Improved coordination among port agencies
Continued engagement with the private sector
IEAG cautioned against sudden policy reversals or the introduction of new charges that could offset the gains made by the tax reductions.
Commitment to Collaboration
IEAG reaffirmed its commitment to working closely with government agencies, port authorities, and regulators to ensure that Ghana’s ports become more efficient, cost-effective, and competitive within the West African sub-region.
“Our objective is simple: to create a trade environment where businesses can thrive, government can generate sustainable revenue, and Ghana can position itself as a leading trade gateway,” the Association stated.
About IEAG
The Importers and Exporters Association of Ghana (IEAG) represents the interests of businesses engaged in international trade. Through advocacy, stakeholder engagement, and policy dialogue, IEAG works to promote fair, transparent, and growth-oriented trade practices in Ghana.
