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About 600 commuters to be affected by derailed train

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Some commuters who rely on rail transport are beginning to feel the impact after a train headed from Tema to Accra, derailed at Tesano in Accra. About five passengers on board the train got injured and were rushed to the hospital after the accident. Four of them were treated and discharged, with the other still on admission. Citi Business News checks reveal that, about 600 ...

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Domestic air travel shoots up by 26%

Kotoka International Airport, Accra

Deputy Finance Minister, Kwaku Kwarteng has disclosed that there has been a 26 percent increase in patronage of domestic airlines since the abolition of the VAT on domestic air fares. The 2017 budget heralded the abolition and review of some 12 key taxes. They included the 17.5% VAT on domestic air fares, the 17.5% VAT on financial services as well ...

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Free Trade Agreements least benefit Ghana

Container boxes are seen at the Yangshan Deep Water Port, part of the Shanghai Free Trade Zone, in Shanghai

Ghana has benefitted little from Free Trade Agreements (FTA) it has signed over the last decade. The development has also contributed to widening the country’s trade deficit recorded over the period. According to a latest research conducted by IMANI Africa, Ghana has made little use of agreements with other ECOWAS countries and the US. It however indicated an increased export ...

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Airlines upbeat about boost in business

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International airline operators operating in Ghana are upbeat about buoyant sales thereby meeting their targets by the end of the year. According to them, indicators such as the stability of the cedi have shot up their patronage. The airline operators had last year bemoaned the poor performance of their business due to low patronage. General Manager of Turkish Airlines, Ferhat ...

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Interest rates on auto loans rise to 32.9%                                    

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The average interest rate for vehicle loans among commercial banks for August increased to 32.9 percent as against the 31.1 percent recorded in July 2017, the Bank of Ghana’s latest Annual Percentage Rates (APR) and Average Interest (AI) report has revealed. The APR and AI report shows that Unibank still offers the highest rate on vehicle loans. Its rate stood at ...

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We need centralized automatic fuel stations to curb explosions – Alex Mould

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A former Chief Executive Officer of the Ghana National Petroleum Corporation (GNPC) in the John Mahama administration is advocating the introduction of centralized automatic fuel stations in non-commercial and residential areas. His proposal came hours after Ghana was hit by another Gas explosion at Atomic Junction in Accra. Meanwhile, the Energy Ministry has already started a discussion in this regard. Mr. ...

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Maritime Authority slaps shippers with increased charges

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The Ghana Maritime Authority is to go ahead with the planned increment in safety charge at the ports. Citi Business News can confirm shipping lines will pay 50 cents up from the current figure of 15 cents. A notice to shipping lines from the Authority sighted by Citi Business News stated that with effect from 1st October, safety charges at the ...

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GCAA cautions public against 2 ‘unapproved airlines’

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The Ghana Civil Aviation Authority (GCAA) has cautioned the public against doing business with Gold Star Airline and Global Ghana Airlines. According to the Authority, the two were found to be misleading the public that they operate flights from Accra to other parts of the world. A statement from the GCAA, signed by its Director-General, Simon Allotey, said, “Goldstar Airline ...

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Uber loses London operating license

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Uber has lost its operating licence in London after a shock ruling by the capital’s transport body. The ride hailing app will no longer be able to offer services in their current form within the M25, despite the firm claiming 3.5 million Londoners regularly use its app. Transport for London (TfL) announced its decision on Friday. The authority wrote: “TfL has concluded that Uber ...

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Customs World takes over West Blue Ghana Limited

west blue

Customs World, a subsidiary of Ports Customs and Free Zones Corporation (PCFC) Dubai, has signed an agreement to take over West Blue Ghana Limited. This agreement formalizes the establishment of “Ports & Customs World Ghana Limited.” West Blue has been in charge of the provision of the National Single Window and Risk Management System in Ghana. As part of the ...

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Ghana Business News