Accra, Ghana

GSE Feed

Forex Rate


Favourable business climate crucial for new airlines


CUTS International Ghana, is urging government to put in the necessary conditions needed to attract investors into the domestic aviation industry. The assertion comes on the back of the collapse of some domestic airlines, leaving the Africa World Airlines as the only domestic airline operator. Speaking to Citi Business News on the matter, Country Coordinator for CUTS International Ghana, Appiah ...

Read More »

Importers resist Customs’ Cargo Tracking Notes policy

Kwabena Ofosu Appiah - President, Ghana Institute of Freight Forwarders

Businesses at the ports are opposing customs new policy, the Cargo Tracking Notes (CTN), saying it will add unto their cost of production. The CTN is expected to track all imports to Ghana to reduce revenue losses with under declaration. Even before its implementation in March 2018, the businesses say they will be disadvantaged. The freight forwarders argue that the ...

Read More »

KIA’s Terminal three to be ready in April

John Attafuah - MD, Ghana Airport Company Limited

Aviation industry authorities have disclosed to Citi Business News the new Terminal three (3) project at the Kotoka International Airport (KIA) will be completed by April 2018. This is one month earlier than the initial completion scheduled date of May 2018. According to the Ghana Airports Company Limited, the Terminal, when completed, will process about 5 million passengers annually. This ...

Read More »

Maritime Authority to roll out e-navigation system

Mr Kwame Owusu (Director General, GMA) flanked by the Danish Ambassador to Ghana, ToveDegnbol (1st left) and Peter EilschowOlesen (2nd left) Deputy Head of Mission, Head of Cooperation and Dr. Christopher Saarnak (right) EfficienSea2 Project Manager Senior Advisor, Danish Maritime Authority.

The Ghana Maritime Authority (GMA) should by the end of June 2018, start implementing the e-navigation systems to track the security of vessels on Ghana’s waters. It will also follow the completion of the necessary tests and the webpage for operating the platform. When successful, Ghana will become the fourth maritime country to introduce these advanced capabilities (after Denmark, France ...

Read More »

Gov’t engages investor for Takoradi-Kumasi railway line

file photo

President Akufo Addo has announced new plans to revamp the country’s railway sector starting the next few months. According to the President, the move will involve the construction of new railway lines and the extension of some existing lines to facilitate movement of passengers and goods. Mr. Akufo Addo made the disclosure when he presented the State of the Nation Address ...

Read More »

Govt attracts investors into domestic airline industry                            

Aviation Minister - Cecilia Dapaah

The Ministry of Aviation has assured that plans are in place to attract new airlines into Ghana’s domestic aviation industry. The assurance, comes after domestic carrier, Starbow Airlines, halted its operations in November last year, leaving Africa World Airlines (AWA) as the only domestic airline in the country. The Minister for Aviation, Cecelia Abena Dapaah in an interview with Citi ...

Read More »

Consumers demand disclosure on petroleum price stabilization levy


Pressure is mounting on government to come clear on the implementation of the price stabilization levy on petroleum products. Industry watchers argue that consumers risk being shortchanged, if the regulators fail to regulate the application of the levy. The comments come in the wake of marginal rise in the prices of petroleum products for the first two weeks (1st to ...

Read More »

Importers reject tax evasion claims by AGI

Kwabena Ofosu Appiah - President, Ghana Institute of Freight Forwarders

Importers and freight forwarders have dismissed claims of engaging in malpractices at the ports leading to the gradual collapse of local manufacturing industries. They maintain that such allegations could not be possible as they go through strict scrutiny in the clearing process. The comments come on the back of concerns raised by the Association of Ghana Industries (AGI) over the ...

Read More »

Ministry prioritizes communities displaced by Volta Lake Project

Energy Minister, Boakye Agyarko with Board of Volta Resettlement Fund

Energy Minister, Boakye Agyarko has stressed his outfit’s commitment to improving livelihoods in communities affected by the construction of the Akosombo Dam on the Volta River. He explains that his ministry will work to generate funds to address critical issues confronting residents in such communities. Mr. Agyarko believes addressing the funding needs is critical to sustaining the livelihoods of such ...

Read More »

AGI up in arms over ‘rot’ at ports

AGI President - Dr.  Yaw Adu Gyamfi

The Association of Ghana Industries (AGI) is demanding that government intervenes to stop what it describes as trade malpractices at the ports, if it is to grow the manufacturing sector. The AGI argues that the development which has been perpetrated for years, threatens government’s major policies such as the one district, one factory as well as plans to create an ...

Read More »
Citi Business News