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    [From the left] Thomas Abanga (CEO of Abanga Farms & Food Systems), Selma Ashipala Musavyi (Namibia High Commissioner to Ghana), Dr. Benjamin Sasu (Head of Food Safety), Mrs. Chariti Gbadawo (Director at the Ministry of Foreign Affairs & Regional Integration) ), Prof Bani (Board Chairman, Abanga Farms and Food Systems) and Clarence Zamuee (MEATCO Rep)

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    Gov’t still plans on tabling a legislation to compel banks to lend to the Agric sector – Agric Minister

    Financial transactions will be allowed even without Ghana card from 1st July – GAB assures

    Enterprise Group PLC records 37% rise in revenue in 2021

    Prices of petrol, LPG to fall by 4% in first pricing window of July – IES

    Losses due to fraud in banking sector in 2021 up by 144%; hits GH¢61m – BoG report

    ASTM International pledges support for Ghana’s petroleum industry

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    Gov’t still plans on tabling a legislation to compel banks to lend to the Agric sector – Agric Minister

    AfCFTA Secretariat calls for accelerated dev’t for key infrastructure in Africa to boost trade

    Financial transactions will be allowed even without Ghana card from 1st July – GAB assures

    Enterprise Group PLC records 37% rise in revenue in 2021

    Prices of petrol, LPG to fall by 4% in first pricing window of July – IES

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    ASTM International pledges support for Ghana’s petroleum industry

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    [From the left] Thomas Abanga (CEO of Abanga Farms & Food Systems), Selma Ashipala Musavyi (Namibia High Commissioner to Ghana), Dr. Benjamin Sasu (Head of Food Safety), Mrs. Chariti Gbadawo (Director at the Ministry of Foreign Affairs & Regional Integration) ), Prof Bani (Board Chairman, Abanga Farms and Food Systems) and Clarence Zamuee (MEATCO Rep)

    Ghana’s Abanga Farms & Food Systems and Namibia’s Meatco in big partnership

    Gov’t still plans on tabling a legislation to compel banks to lend to the Agric sector – Agric Minister

    Financial transactions will be allowed even without Ghana card from 1st July – GAB assures

    Enterprise Group PLC records 37% rise in revenue in 2021

    Prices of petrol, LPG to fall by 4% in first pricing window of July – IES

    Losses due to fraud in banking sector in 2021 up by 144%; hits GH¢61m – BoG report

    ASTM International pledges support for Ghana’s petroleum industry

    NIB MD laments cost of borrowing for private sector

    Finance professionals urged to develop strategies to boost ESG-driven business environment

  • TECHNOLOGY

    Financial transactions will be allowed even without Ghana card from 1st July – GAB assures

    Losses due to fraud in banking sector in 2021 up by 144%; hits GH¢61m – BoG report

    BoG, CSA deepen collaboration to fight cyber threats

    Dr. Bawumia unveils Ghana’s first Tier IV data centre

    ADB pioneers in global remittance services in Ghana [ARTICLE]

    Introduction of GhanaPay complements efforts to capture the unbanked into digital payments ecosystem – Veep

    #CitiBusinessFestival: How the country can take advantage of the “Ghana Opportunity”

    Chamber of Telecommunications calls for more investment into Technology to improve livelihoods

    Citi Business Festival: Address lack of financial data challenges using MoMo – Rufai Abdul Majeed

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    Ivory Coast is set to receive $26.1 billion worth of development finance from 4 lenders, the EU and France

    Gulf central banks, Bank of England raise policy rates after Fed hike

    US Fed meets inflation surge with 75bp hike

    As Nigeria’s inflation rate accelerates to 17.71%, the World Bank warns millions could face extreme poverty

    Modern airline tickets design with flight time and passenger name. Plane tickets vector pictogram. Airline boarding pass template. Vector illustration. The concept of air transportation

    Ticket prices to rise following B.A schedule change on Accra-London-Accra route

    Bawumia calls for more AfDB support as African economies battle global challenges

    Stringent measures needed to deal with illicit financial transactions in Africa – Akufo-Addo

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Importers cry foul as THC stirs confusion

bycitibusinessnews
August 31, 2016
in Government, Local Economy, Top Stories, Transport
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Barely a week after the Transport Ministry reiterated that the suspension of the Terminal Handling Charges at the ports is still in force, some shipping companies are still defying the order.

One such company is the MSC Shipping Line.

Transport Minister Fiifi Kweetey, last Friday (August 26, 2016) indicated that the Ministry will reconvene a meeting with the shipping companies and other stakeholders after studying a report submitted by the Ghana Maritime Authority on the matter.

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Various business associations have complained about the continuous imposition of the THC on their operations.

The AGI’s President, James Asare Adjei recently indicated that the development is having a toll on the businesses of AGI members as well as other businesses.

According to him, affected companies are compelled to pay as much as 78 million dollars annually.

Confirming the defiance by the shipping companies to Citi Business News, the Executive Secretary of the Importers and Exporters Association of Ghana, Sampson Asaaki Awingobit said he wants the Ministry to be tough and sanction shipping companies that continue to defy the order.

“MSC Shipping Company is the only shipping line that is defying the directive from the Minister. the officials claim that the THC is an international policy as such, it is only its principals who would have to take the ultimate decision to charge the importers or not,” he stated.

Sampson Asaaki added, “I am concerned because the MSC is legally registered as a limited liability company operating in Ghana. As a matter of fact any authority on behalf of the republic can authorize them not to undertake any exercise that will affect the country or businesses in the future.”

A document indicating that an importer is still being charged THC
A document indicating that an importer is still being charged THC

Meanwhile Sampson Asaaki Awingobit is hopeful the scheduled meeting with the Ministry will proffer an amicable solution to the persistent challenge confronting the various importers and freight forwarders.

“We are expecting the minister to be firm; there have been enough explanation for the shipping companies to understand that they are not supposed to charge the THC. The importers have been paying freight clearance which has the THC embedded. Hence the Minister should make pronouncements and that should be implemented to that effect,” he stressed.

–

By: Pius Amihere Eduku/citibusinessnews.com/Ghana

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Gov’t still plans on tabling a legislation to compel banks to lend to the Agric sector – Agric Minister

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