Standards Authority increases import prices by 20 percent effective January 1

Standards Authority increases import prices by 20 percent effective January 1

- Freight forwarders in Ghana have been tasked to pay 20 percent more in registration fees

- This new charge was announced by the Ghana Standards Authority

- The announcement, these freight forwarders say, could increase prices of goods

The charge of clearing goods at the ports will increase by 20 percent. What this means is that if you are an importer, you will be paying more from the 1st of January.

This comes from the Ghana Standards Authority which states the annual review of prices is to ensure they serve clients better.

Standards Authority increases import prices by 20 percent effective January 1

Standards Authority increases import prices by 20 percent effective January 1 (Stock photos modified by author).
Source: Facebook

This new directive takes effect in January and it is expected to affect importers of all products. A letter signed by the Director General of the Ghana Standards Authority (GSA) to the President of the Ghana Institute of Freight Forwarders reads:

Standards Authority increases import prices by 20 percent effective January 1

Standards Authority increases import prices by 20 percent effective January 1
Source: Original

“ We bring to the attention of your institution that effective January 1, 2020, the Standards Authority will start the implementation of its new fees and charges. Approval for the fees and charges was given by Parliament in August 2019 for implementation in the year 2020. It’s implementation was however delayed.”
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Standards Authority increases import prices by 20 percent effective January 1

Standards Authority increases import prices by 20 percent effective January 1
Source: Original

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To this end, the registration of importers per product group has increased by 20 percent for the annual payment.

What this means is that Shopping Malls and super markets are now to register a fee of 20,000 cedis for their yearly product group. Cement products (bagged cement and clinker) will go for 5000 cedis – the list goes on and on.

Standards Authority increases import prices by 20 percent effective January 1

Standards Authority increases import prices by 20 percent effective January 1
Source: Original

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Already, the Ghana Institute of Freight Forwarders has alerted of a possible hike in prices for traders who import these goods.

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