2020 Q1: Volume of Ghana’s seaborne trade drops by 43 percent
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2020 Q1: Volume of Ghana’s seaborne trade drops by 43 percent

- Ghana recorded a drop in the volume of seaborne imports and exports in the first quarter of the year 2020

- The volume fell by 43% compared to 2018; 24.52% was a result of a fall in the volume of imports

- The 24.52% fall in imports is equivalent to a loss of 2.7 million metric tonnes

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The volume of seaborne import and export trade fell by 43.3 percent in the first quarter of the year 2020 compared to the same period in the preceding year.

YEN.com.gh understands that the volume of seaborne imports fell by 24.52 percent compared to the same period in 2018. This reflects a loss of 2.7 million metric tonnes.

This was made up of 205, 573 metric tonnes of liner cargo, 112,662 metric tonnes of break bulk, 1.63 million metric tonnes of dry bulk cargo, and 747,727 metric tonnes of liquid bulk imports.

2020 Q1: Volume of Ghana’s seaborne trade drops by 43 percent

Benonita Bismarck is the CEO of the Ghana Shippers Authority Source: shippers.org.gh
Source: UGC

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In the previous year, liner imports recorded 1,273,127 million metric tonnes, break bulk was 299,399 metric tonnes, dry bulk was 1,088,039 million metric tonnes, and liquid bulk was 907,906 metric tonnes.

Per a report by thebftonline.com, the Ghana Shipping Authority’s maritime trade review revealed that the total export trade volume for the first quarter of 2020 was 996,331 metric tonnes, representing a 66.1 percent decrease compared to 2019.

This was made up of 458,684 metric tonnes of liner items; 148,429 metric tonnes of breakbulk items, 338,390 metric tonnes of dry bulk items and 50,830 metric tonnes of liquid bulk.

In other news, the volume of cargo at the Tema and Takoradi ports fell by 44 percent in the first quarter of the year 2020 compared to the same period in 2019. YEN.com.gh understands that the volume of imports fell by 24.5 percent and exports fell by 66.1 percent.

The Tema port recorded a total of 2.96 million metric tonnes of cargo throughput representing 79 percent, while Takoradi cargo throughput was 804,437 metric tonnes representing 21 percent of the total seaborne trade. It has been gathered that the drop has been attributed to the economic impact of the coronavirus on Ghana’s shipping and maritime industry.

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Source: Yen.com.gh

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