In his manifesto, Dr. Mahamudu Bawumia has placed a strong focus on enhancing Ghana’s competitiveness as a regional trading hub. One of the key reforms he proposes is harmonizing port charges to align with those of neighboring countries, particularly Togo. By doing so, Bawumia aims to make Ghanaian ports more attractive to international shippers and importers, positioning the country as a preferred entry point for goods into West Africa.
Ghana’s current port charges are considered relatively high compared to neighboring ports, which has driven some traders to choose alternative routes. Bawumia’s proposed reforms would lower these charges, making Ghana’s ports more cost-effective and competitive. This, in turn, is expected to increase the volume of trade passing through the country, creating more jobs and generating additional revenue for the economy.
Another major aspect of Bawumia’s plan is the introduction of a Flat Rate for all importers. This policy is designed to bring greater predictability and stability to the pricing of imported goods, simplifying the cost structure for businesses. The flat rate system would eliminate the uncertainty that importers often face due to fluctuating tariffs and duties, enabling them to better plan their operations and pricing strategies.
Together, these reforms are expected to enhance trade efficiency and ease of doing business in Ghana. By making it simpler and more cost-effective to import goods, Bawumia’s policies aim to boost trade, attract more international business, and reinforce Ghana’s status as a key player in the regional economy.
