Ghana Secures Global Backing For Cargo Trade Reforms

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Ghana is seeking wider international participation in a new United Nations agreement aimed at modernising cargo documentation, with representatives from over 10 countries expected in the country’s capital, Accra for its signing on October 26, 2026.

‎The proposed convention establishes uniform legal rules for negotiable shipping documents in both physical and digital forms, applicable to goods carried by sea, air, road and railway.

‎The initiative is designed to simplify international commerce, eliminate paperwork-related obstacles and allow businesses to transfer ownership rights to merchandise while shipments are underway.

‎Chief Executive Officer of the Ghana Shippers’ Authority, Professor Ransford Gyampo, said the country was collaborating with relevant ministries and global organisations to attract support for the agreement.

‎Addressing journalists before the planned event, he emphasised the importance of bringing international stakeholders together to advance the initiative.

‎Prof. Gyampo observed that technological advancements had transformed international commerce, creating demand for quicker, safer and more reliable transactions.

‎Nevertheless, he noted that several procedures governing the movement of goods still relied on physical paperwork.

‎The proposed framework is expected to bridge this gap by establishing recognised rules for cargo documents across different transportation networks.

‎It could also enable businesses to use such records as instruments for securing trade-related financing.

‎Speaking for the Minister of Trade, Agribusiness and Industry, a ministry representative, Stella Ansah, who serves as Chief Commercial Officer and Director of Foreign Trade and Negotiation, highlighted the agreement’s potential economic benefits.

‎She explained that the framework could widen credit opportunities for smaller enterprises, particularly women-owned ventures, while improving links between landlocked nations and international markets.

‎Ms. Ansah disclosed that Ghana intended to endorse the agreement and pursue ratification without unnecessary delays.

‎She added that discussions had been held with members of the Economic Community of West African States (ECOWAS) to encourage their participation.

‎The proposed rules could be particularly beneficial to traders whose consignments pass through several transportation channels, as differing regulatory requirements often create delays and complicate the transfer of cargo rights.

‎To ensure adequate preparations, the Ghana Shippers’ Authority is coordinating with the Ministries of Transport, Trade, Agribusiness and Industry, and Foreign Affairs.

‎The collaboration also includes efforts to educate stakeholders about the agreement’s implications.

‎The signing ceremony will form part of events commemorating the 60th anniversary of the United Nations Conference on Trade and Development (UNCTAD).

‎Under the agreement, the framework will become effective 180 days after the tenth instrument of ratification, acceptance, approval or accession has been deposited.

‎Ghana’s diplomatic efforts are intended to encourage wider adoption of the convention, strengthen the legal foundation of international cargo transactions and promote smoother cross-border trade.

 

By: Magdalene Agyeiwaa Sarpong

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