Parliament passed the Ghana Shippers Authority Bill 2024, granting the authority the power to regulate and standardize shipping charges, fees, and requirements imposed by service providers.

This legislation aims to foster a more equitable environment for local businesses engaged in shipping and trade.

The Roads and Transport Committee of Parliament supported the bill, pointing out the fragmented nature of shippers in the country, which has weakened their bargaining power against multinational shipping service providers.

As a result, local shippers have been exposed to unfair treatment and exploitative practices.

The committee highlighted that the control of ports by multinational companies has led to exorbitant fees being imposed on port users.

These high charges have increased the cost of shipping and trade for local businesses, putting further pressure on their operations and profitability.

The Ghana Shippers Authority Bill aims to rectify these issues by ensuring fair and transparent pricing, thus protecting local businesses from exploitative practices.

The bill is expected to create a more balanced and competitive shipping industry, benefiting both shippers and consumers.

During parliamentary proceedings, Speaker of Parliament Alban Bagbin announced the bill's passage, stating, “Honourable members, the Ghana Shippers Bill 2024 has been read for the third time and passed.”