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Domestic airlines to slash fares

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Domestic Airline operators have hinted to Citi Business News prices of domestic airfares will soon be reduced following the performance of the cedi against major foreign currencies. The cedi in the past weeks has appreciated against major foreign currencies including the dollar. Its performance has been attributed to the weekly injection of some 20 million dollars into the economy by ...

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World bank raises concerns over new national airline

World-Bank news

Citi Business News has gathered that the World Bank has raised concerns over the proposed arrangements for the setting up of new national airline. According to sources the proposed arrangement in the feasibility report from PricewaterhouseCoopers (PWC) which has been submitted to the World bank, which are financiers of the project is currently under discussion for a review of some ...

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Lufthansa officially notifies government over its pullout from Ghana

Lufthansa

Citi Business News has gathered German airline, Lufthansa has officially notified the transport ministry over moves to pull out of Ghana. Lufthansa will from the first of October this year cease operations in Ghana. The airline operations and routes in Ghana will now be taken over by Belgian carrier, Brussels airlines which Lufthansa has a stake in. Citi Business News ...

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Cabinet must waive 17.5% VAT or domestic aviation will collapse-Attivor

Cabinet must consider waiving the current 17.5% Value Added Tax (VAT) being charged domestic airlines or the domestic aviation sector might collapse. This is according to the Transport Minister Dzifa Attivor. According to the Transport Minister the domestic aviation sector is under some pressure due to the lack of incentives and several tax charges. “We have a lot of issue ...

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GPHA suspends July 1 port tariff hikes

The Ghana Ports and Harbours Authority (GPHA) has pushed to October 1,2015 a proposed upward review of some tariffs at the country’s ports. The authority had set Wednesday July 1,2015 to review upwards vessel handling charges and stevedoring charges by 4percent, whiles receipt and delivery charges with regards to imports handling was to be increased by 20 percent. Head of ...

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Fly540 to resume operations in Ghana

The Ghana Civil Aviation Authority (GCAA) has told Citi Business News that the authority is currently reviewing the new structure of FLY540 before granting the airline permission to resume operations. This comes after the airline reapplied to the GCAA to resume operations soon. The airline’s application follows its acquisition by new investors. Fly540 Ghana, one of four domestic airlines in ...

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Fuel prices up by 14 pesewas

crudeoil

Citi Business News has learnt some Oil Marketing Companies (OMCs) have sanctioned a 14 pesewa increase in prices of petroleum products. This follows the implementation of the full deregulation of the petroleum downstream effective today. A visit to the Total pump station in Adabraka this morning revealed Petrol was being sold at 3 cedis 47 pesewas, increasing by 14 pesewas ...

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GCAA to direct local airlines to increase flights following Antrak’s suspension

Director General of the Ghana Civil Aviation Authority (GCAA), Abdulai Alhassan has told Citi Business News the authority is likely to direct domestic airline operators to increase their flights following the temporary suspension of operations of domestic carrier Antrak Air. ‘The pressure will be on the existing airlines to pick the other passengers so we will be talking to them ...

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Kenya Airways resumes flights to Sierra Leone

Kenya Airways has resumed direct flights between Accra and Freetown, Sierra Leone. According to the Airline the resumption of flights comes after the Sierra Leone Civil Aviation Authority gave the airline the go ahead to operate the flights. Kenya Airways suspended its operation to Kenya following a suspension on all flights from Ebola affected countries by the Kenyan Ministry of ...

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Transport ministry to relocate operations of metro mass to Kpone

metro

The Transport Ministry is planning to relocate the Metro Mass Transit Company from its current location at Kaneshie to Kpone. This forms parts of efforts to help stabilize the operations of the transport company which plays a critical role in the transport sector. The floods on Wednesday saw vehicles and the warehouse of MMT heavily submerged in water as workers ...

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