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Freight Consult sponsors Citi FM’s #MOGO2017

freight consult

Freight Forwarding and logistics management services limited, Freight Consult, has joined sponsors for this year’s Citi Fm’s Music of Ghanaian Origin (MOGO) Dinner Dance. According to Freight Consult, its decision to come on board highly stems from its ‘passion for anything Ghanaian that helps to keep the talents and gifts in the country alive.’ It added, “The 2017 Music of ...

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John Attafuah is new MD of Ghana Airports Company Limited

John Dekyem Attafuah; Managing Director of Ghana Airports Company Limited (GACL)

President Nana Akufo Addo has appointed Mr. John Dekyem Attafuah as the new Managing Director of Ghana Airports Company Limited (GACL). The appointment was confirmed in a statement dated March 20, 2017, by the Ghana Airports Company Limited and copied to Citi Business News. Mr. John Attafuah, a Management Consultant, replaces Mr. Charles Asare who will be resigning as the ...

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Importers to save hundreds of dollars from import levy cuts


Importers and freight forwarders are anticipating at least 200 dollars cut in cost of clearing goods following the scrapping of the one percent special import levy. They say though the figure is marginal, its timely considering the ultimate impact in reducing the burden on businesses. Finance Minister, Ken Ofori Atta, in the 2017 budget statement identified the one percent special ...

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Fuel prices to drop in second pricing window in March


The Institute for Energy Security (IES) is predicting at least a 3% fall in fuel prices for the second pricing window in March. The IES is basing the fall on the drop in prices of petroleum products on the world market. They also believe there has been a relative stability in the forex exchange market which reflects on the fuel ...

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Average interest on car loans hits 35%


The average interest on vehicle loans offered by commercial banks has reached 35 percent as at the end of February this year; the latest Annual Percentage Rate (APR) report by the Bank of Ghana has shown. This represents 2 percent increase compared to the 34.3% recorded as at the end of January 2017. The Annual Percentage Rate (APR) report also ...

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MD of Ghana Airport Company resigns

Mr Charles Asare

The Managing Director of the Ghana Airport Company Limited Mr Charles Asare has resigned, Citi Business News can confirm. A letter from Mr Charles Asare cited by Citi Business News dated today the 14th of March, 2017 and addressed to the Aviation Minister stated  that ”i write to inform you of my resignation as MD of Ghana Airport Company Limited ...

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Importers ‘cry’ over unfair charges at the ports

cocoa export_0

Importers and Exporters in Ghana have made a call on government to put in stringent measures at the ports to halt illegal fees charged  by some port officials. According to them, some port officials use unauthorized means to extort money from importers when clearing goods at the ports. Government recently scrapped the one percent special import levy in the 2017 ...

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Reduce high charges on building materials – Importers


Importers of building materials want government to review charges on their imports. They argue that the continuous imposition of the levies is causing a strain on their businesses. Finance Minister Ken Ofori Atta during the budget presentation had announced that eight taxes including the one percent special import levy will be abolished. But, in an interview with Citi Business News, ...

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Transport fares not increased yet – Union

Transport fare-620x330

The Ghana Road Transport Coordinating Council (GRTCC), has described as unfortunate reports of increases in transport fares in Accra. According to the Council, the unions have not increased fares and want drivers who are have reviewed the fares to stop. Citi Business News’ checks at some transport stations have revealed that some drivers have increased fares to about fifteen percent. ...

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Importers excited over abolition 1% special import levy

Ken Ofori Atta presenting the Budget in parliament

Importers in Ghana have welcomed the abolition of the 1% special import levy charged at the ports. The Finance Minister, Ken Ofori-Atta, announced this among other tax cuts in the budget presentation before parliament earlier today [Thursday] in parliament. The special levy which was introduced by the previous government, has received huge backlash from importers, describing it as a nuisance ...

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Ghana Business News