The Ghana Shippers Authority (GSA) has called on spare parts dealers to reduce prices so consumers can benefit from the strengthening cedi.
Professor Gyampo noted that although the Cedi has gained strength in recent weeks and inflation is slowing, spare parts prices remain high, undermining public confidence at a time when government is working to ease business pressures.
He revealed that the Ministry of Finance is establishing a committee to review duty cost components at the ports, with the GSA taking an active role to advocate for fairer charges for shippers, cargo owners, and service providers.
Prof Gyampo urged dealers to reflect the improving economy in their pricing.
“When the cedi finds its feet, our markets must follow. This is the moment to show that business thinks about the people, not only about markups,” he said.
The appeal was made during a courtesy visit by leaders of the Abossey Okai Spare Parts Dealers Association to the GSA’s head office in Accra, where they met with Chief Executive Officer Professor Ransford Gyampo.
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He was joined by Deputy CEO (Technical) Asana Owu, Head of Freight and Logistics Fred Asiedu Dartey, and other senior officers.
Responding to the GSA boss, the Spare Parts Dealers Association’s Head of Communications, Takyi Addo said many dealers have already reduced prices by about 60 percent, though the public may not have fully noticed.
He added that further cuts could be made in 2026 if economic conditions continue to improve.
“We are ready to adjust again if the signs stay positive. We want consumers to know that we are not against them,” he said.
Prof. Gyampo welcomed the Association’s commitment, stressing that a stronger currency should benefit traders, transporters, and consumers alike.
He added that Ghana’s reputation in global trade depends on fair and predictable port charges and market prices.
Both sides agreed to deepen collaboration and continue engaging on measures to make doing business in Ghana cheaper and more efficient.
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