There is more good news for Ghanaians as reports show that port charges are beginning to drop following the steady rise of the Ghana cedi against the US dollar. So far, it has dropped and it keeps dropping so far as the dollar rate falls.
This development is expected to reduce the cost of imported goods and ease the pressure on businesses and consumers. This is according to a report by the CEO of Ghana Shippers Authority, Professor Ransford Gyampo on his Facebook page on Wednesday, 21st May, 2025.
Over the past few months, the Ghana cedi has been gaining strength, which has led to lower fuel prices and now, a reduction in the cost of clearing goods at Ghana’s ports. According to recent updates, shipping agents and importers are now paying less than before, thanks to the improved exchange rate.
A message shared by a concerned citizen highlighted the impact of the stronger cedi: “I am told our port charges are dropping now because of the strengthening of our local currency. Truly, the exchange rate is everything. Ato Forson, please force to sustain the momentum, just for God and country. God bless Ghana!”
This message reflects the views of many Ghanaians who believe that the country’s economic situation is beginning to improve. The reduction in port charges means that businesses can import goods at lower costs, which may soon lead to reduced prices of products in the markets.
Dr. Cassiel Ato Forson, Ghana’s Finance Minister, has been praised for helping stabilize the economy. He earlier stated that the appreciation of the cedi is the result of strong economic measures, increased revenue from exports like cocoa and gold, and better foreign exchange management.
Transport fares have already gone down by 15%, and now with port charges reducing, more Ghanaians are hopeful that the cost of living will continue to drop.
As the cedi continues to perform well, many citizens are urging the government to maintain the momentum to bring lasting relief to families and businesses across the country.
