Port Container Traffic Rises by 14.2% for First Five Months of 2024
The index recorded an annual growth of 3.3 percent in May 2024, reversing the 3.7 percent contraction observed during the same period in 2023.
Ghana’s international trade and economic activity have shown notable improvement, according to the latest Monetary Policy Report from the Bank of Ghana.
Laden container traffic at the nation’s primary ports, Tema and Takoradi, saw a year-on-year increase of 9.4 percent in May 2024, reaching 59,639 containers compared to 54,538 in May 2023.
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Cumulatively, container traffic for the first five months of 2024 rose by 14.2 percent, totaling 284,745 containers.
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The report also highlights a recovery in the country’s economic momentum, as evidenced by the Bank’s real Composite Index of Economic Activity (CIEA).
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The index recorded an annual growth of 3.3 percent in May 2024, reversing the 3.7 percent contraction observed during the same period in 2023.
Key contributors to this growth included increased SSNIT contributions from the private sector, higher imports, robust port activity, cement sales, exports, passenger arrivals, and domestic VAT receipts.
These figures suggest a resurgence in both international trade and broader economic activity, marking a positive shift in Ghana’s economic landscape.
Source:norvanreports.com
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