Reserve freight forwarding & clearing business for locals – Conship CEO

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Chief Executive Officer of Consolidated Shipping Agencies Limited (Conship) – an indigenous freight forwarding, oil and gas services, and ship agency – MacDonald Vasnani is making a strong case for the government to reserve the freight forwarding and clearing business solely for locals.

According to Mr. Vasnani, local companies have the capacity to deliver just as their foreign counterparts, hence it is about time the government protected their interests as is done in Nigeria.

“Whatever the multinationals can do, we the locals have built capacity and we can do better. I believe it is about time the government stood up to protect local industries like ourselves and tried to shy away from the multinationals.

“We need to understand that whatever they do, they will take the money away. Next door in Nigeria, multinational companies are not allowed to do clearing and forwarding. It is impossible, you don’t do it, but here we have allowed it. There should be a policy that protects indigenous companies. I can only appeal for government to work through it,” he said.

According to him, the sector by dint of hard work has produced enough locals who built their companies with little or no state support – and it is time for some protection to help the creation of more local giants in the industry.

“We have more than the capacity to handle freight forwarding and clearing business locally. Let me give you names. We have companies like Conship, Baj Ship, All Freight, McDan, Jonmoore, etc. Look at all these are indigenous companies; what assets don’t we have, what capacities have we not built to be able to do the job?” Mr. Vasnani asked.

He added that locals are invariably paying more taxes to the state, and if the call to reserve freight forwarding and clearing is heeded it will lead to more domestic revenue to the government and a stable currency.

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“Comparatively, we give government more revenue. Some of us are paying six-digit figures for taxes. The local companies are really doing a great job in this sector. Let me reiterate that when it comes to clearing and forwarding, it should be reserved for indigenous companies completely.

“Government will gain foreign exchange because whatever revenue all these companies (foreign) do, they remit. For us, whatever we get remains here. We don’t spend dollars here, so if our receivables are in US$ we convert it to cedis and spend it here. That is a huge thing,” he said.

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Citizen Atare is a Ghanaian who hails from the Upper East Region. He is an ICT professional working at the University of Ghana, Legon. Citizen Atare is an amateur freelance writer and blogger for over 20 years, who likes to research into everyday lifestyle issues and situations, politics, and cultural practices to write about to educate and also entertain his readers. He is a highly creative and motivated, highly inquisitive, open minded and to an extent risk-taking with a high visual acumen. He is a dreamer who isn’t afraid to break creative barriers. He is also a passionate aviation, tech and motoring enthusiast with a lot of knowledge to share and a private researcher. He has no formal education or certificate in journalism, but the hunger to know more and do more, backed by an impressive work portfolio is what drives him to write the things he knows best for his numerous online fans. Citizen Atare is married to Margaret and they both live in Accra with their lovely daughter Zoey. His hobbies include reading, listening to very good music; especially jazz, writing, watching action, sci-fi and adventure movies, travel and site seeing and swiming. He likes eating fufu and palm nut soup, but prefers boiled rice and kontomire stew with agushie more. Contact: pnawurah@gmail.com

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