Business News of Friday, 5 March 2021Source: www.ghanaweb.comPrices of goods to go up if shipping lines push through with port tariffs increment – GUTAMr Clement Boateng, Vice President of GUTAThe Ghana Union of Traders Association (GUTA) is calling on the general public to be ready for possible increment on the prices of goods on the major markets if the shipping lines push through with their decision to increase tariffs at the ports. According to GUTA, if the shipping lines go-ahead to charge new fees the cost will be passed on to consumers because it will affect their profit margins. He further stated that GUTA is doing everything possible to avoid that because the traders and consumers will have to suffer the actions and decision of the shipping lines. Meanwhile, the Shipping lines have been threatening to increase their operating tariffs at the Tema Port. However, the association is planning to file a legal suit against owners of the Shipping Lines if they do not back out from their plan to increase tariffs this month.

Source: GhanaWeb March 05, 2021 15:00 UTC