GSA urges spare parts dealers to reduce prices as cedi strengthens  

The Ghana Shippers Authority (GSA) has appealed to spare parts dealers to reduce prices to reflect the recent appreciation of the Ghanaian cedi, saying consumers must feel the impact of ongoing economic improvements.  

The call was made during a courtesy visit by leaders of the Abossey Okai Spare Parts Dealers Association, at the Authority’s head office in Accra.  

Prof. Ransford Gyampo, Chief Executive Officer of the GSA, was joined by Madam Asana Owu, the Deputy CEO (Technical), Mr. Fred Asiedu Dartey, the Head of Freight and Logistics, and other senior officials of the Authority.  

The delegation from Abossey Okai was led by, Mr. Takyi Addo, Association’s Head of Communications, accompanied by the, Madam Gifty Fianu, General Secretary.  

The engagement centred on the high cost of doing business at Ghana’s ports, a challenge shared by importers, trading associations, and shipping service providers.   

Prof. Gyampo noted that despite the cedi’s recent gains and a slowdown in inflation, the prices of spare parts on the market had not seen corresponding reductions.  

He said such price rigidity weakens public confidence, particularly when the government is instituting measures to ease the cost of doing business.  

“We cannot have a situation where the cedi finds its feet and yet market prices remain the same, this is the moment for businesses to demonstrate that they care about the Ghanaian consumer and not only profit margins,” he said.  

Prof. Gyampo disclosed that the Ministry of Finance is establishing a committee to review all duty and cost components at the ports.   

The GSA, he said, would play an active role on the committee and advocate for fair and transparent charges for shippers, cargo owners and service providers.  

Responding to the call, Mr. Takyi Addo said that many spare parts dealers had already reduced prices by up to 60 per cent in recent months, but the public may not have fully recognised the changes.  

He added that dealers were prepared to make further reductions in 2026 if the economic trajectory remains positive.  

“We are ready to adjust again if the indicators stay strong. Consumers should know we are partners, not adversaries,” he said.  

Prof. Gyampo commended the Association’s willingness to cooperate and emphasised that a stronger currency should benefit all participants in the trading chain from importers and transport operators to end-users.   

Ghana’s reputation in global trade, he noted, was closely tied to the fairness and predictability of port charges and market prices.  

Both parties expressed commitment to deepening collaboration and continuing engagements aimed at making it more affordable and efficient to conduct business in Ghana.  

Source: GNA  

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