DP World : Chairman Meets President of Ghana

Media Release

Discussions with the President of Ghana, Nana Akufo-Addo, on a tour of West Africa recently centered on cooperation in customs technology, port operations, freezone development, rail transport and inland container depots as ways to develop trade and support businesses aiming to reach international markets.

Mr. Bin Sulayem highlighted Ghana's recent agreement with Dubai's Customs World to supply customs clearing services in the country as an example of making processes more efficient, lowering costs for ports and transport providers and enabling more efficient trade flows.

Customs World acquired West Blue Ghana Ltd in September to provide a national single window and risk management system and will invest in new technologies and training in customs digital platforms as they do in other countries worldwide. The implementation of the new systems will be based on a robust risk engine that will improve efficiency in the country's ports and customs operations and increase government's revenue and reduce the cost of doing business at the ports.

"Our flagship Jebel Ali port in Dubai is a pioneer with its logistics corridor connecting freezone, port and nearby airport with customs operations and digital processes such as the Dubai Trade portal to enable companies to move their goods. Ghana's ports and customs systems can make it a regional trade transport and logistics hub and a leader on the continent."

"Trade and not just aid is one of the key action points African nations have raised and development of infrastructure and transport connectivity will help considerably. Trade is a gateway to development and regional cooperation through public private partnerships and will benefit all. Africa is in a unique position in that it has the chance to trade with an untapped market - itself. Countries such as Ghana can help make this ambition a reality given its access to the sea and the fact that 90% of trade in Africa is along its coastline."

A report by DP World on Africa with the Economist Intelligence Unit said that the impact of trade facilitation* on trade flows and costs is real with an estimate that on average a 10% increase in a country's trade facilitation performance can lead to an increase in trade flows and an 8.3% reduction in trade costs.

-ENDS-