Business News of Wednesday, 17 December 2025

Source: www.ghanaweb.com

GSA targets $100 million annual savings for shippers in 2026 strategy

Professor Ransford Gyampo, CEO of Ghana Shippers' Authority (GSA) Professor Ransford Gyampo, CEO of Ghana Shippers' Authority (GSA)

The Ghana Shippers’ Authority (GSA) has unveiled an ambitious 2026 strategy, with regulatory interventions projected to save shippers over US$100 million annually.

Delivering the keynote address at the GSA’s 32nd Management Workshop in Peduase, Chief Executive Officer Professor Gyampo thanked God and staff for their dedication, stressing that teamwork remains central to the Authority’s progress.

“Everything rises and falls on leadership, but leadership itself rises on the strength of its people,” he said.

Reflecting on the year under review, Professor Gyampo highlighted GSA’s transformation under the Ghana Shippers’ Authority Act, 2024 (Act 1122), which expanded its role into a full regulator across sea, air, and land transport.

He cited key achievements, including Bank of Ghana directives on foreign exchange, approval of charges for heavy-duty equipment handling, and cost-saving regulatory proposals expected to save shippers over US$100 million each year.

Touching on infrastructure, Professor Gyampo noted progress on the Boankra Integrated Logistics Terminal (85% complete), the start of works on the Akatekyiwa Freight Park, and preparations for new Shipper Complaints and Support Centres in Tatale, Tumu, Kulungugu, and Gonokrom.

Despite these gains, the GSA CEO acknowledged challenges such as funding constraints, high port costs, and weak inter-agency coordination, calling for “structured, systemic responses” and improved internal efficiency.

Professor Gyampo urges spare parts dealers to cut prices as cedi strengthens

Looking ahead, the Authority outlined six strategic priorities for 2026:

• Institutional Excellence and Human Capital Development

• Reduction of Shipping-Related Costs

• Logistics Infrastructure Development

• Regional and International Partnerships

• Digital Transformation and Trade Facilitation

• Legislative Implementation of Act 1122

Professor Gyampo also warned against indiscipline, stating there would be “zero tolerance for laxity in all its forms,” including lateness, gossip, and unprofessional conduct.

He described the government-work attitude as “a relic of a colonial past” with no place in a modern public institution.

The GSA CEO also praised the Governing Board for its support and expressed confidence in delivering on President John Dramani Mahama’s 'Reset' Agenda for the shipping sector.

“I am more than confident that we would receive all the support from them so we can achieve more towards the reset agenda of President Mahama in the shipping industry,” he said.

MA