UK-based Ghanaian legal practitioner, Senyo Le Grand-McKenzie, has praised President John Mahama's recent comments on port charges, describing them as bold and necessary steps toward economic relief for Ghanaian businesses.
Le Grand-McKenzie expressed optimism that the president's remarks would translate into real policy changes that benefit the public in an interview on GHOne TV. "The port charges, just too much for the ordinary Ghanaian businesses because it becomes a spiral that affects everybody in the economy. "When port charges are very high, local businesses just push prices up, which is not good for the economy and the people of Ghana," he explained, pointing out the ripple effect excessive port fees have on the cost of living.
Le Grand-McKenzie noted that high import duties and levies at Ghana's ports have long burdened businesses and contributed to inflation.
According to him, when importers are forced to pay steep charges, they pass those costs onto consumers, creating an unending cycle of price hikes across sectors.
