Ghana and Mali sign transit trade deal, targeting fewer checkpoints, lower costs, and a $34 million logistics lift.
The Ghana Shippers’ Authority and the Mali Shippers’ Council have signed a memorandum of understanding to improve transit trade and logistics cooperation between Ghana and Mali. The goal is to make things more efficient, lower costs, and deal with problems like operational bottlenecks and security concerns along the Ghana corridor. The agreement will also encourage the sharing of data, joint research, and the standardization of transit procedures. A joint technical committee will be in charge of making sure that the agreement is carried out and that progress is made. Ransford Gyampo, the CEO of GSA, spoke at the signing ceremony in Bamako. He said that the deal strengthens long-standing cooperation and is based on a shared vision to improve shipping and logistics services for both parties, even though there are still problems like high demurrage charges, multiple checkpoints, and axle load limits. He said that recent changes, like the Ghana Shippers’ Authority Act of 2024, have made the authority’s job easier when it comes to dealing with problems in transit trade. He is sure that the new partnership will help Ghana make more money from transit trade, which already brings in more than $34 million a year.
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