Business News of Thursday, 12 February 2026Source: www.ghanaweb.comThe former President of the Ghana Union of Traders’ Associations (GUTA), Joseph Obeng, has reiterated that the Association has never consented to the Marine Cargo Act, citing longstanding concerns from the business community that remain unresolved. Under the law, importers are expected to obtain marine cargo insurance from a Ghana-based insurer before clearing goods, with sanctions applicable for non-compliance. “Suppliers have their own preference for insurance companies at any place and on terms of their choosing,” he noted. He also questioned the readiness of local insurers to handle marine cargo insurance competitively. Joseph Obeng maintained that until these concerns and unanswered questions are adequately addressed, GUTA cannot be said to have endorsed the Marine Cargo Act.

Source: GhanaWeb February 12, 2026 06:23 UTC