Category: Transport
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Revised benchmark values : Importers access actual figures on goods
Calculation and payment of new benchmark values on imports have been made easier following the publication of detailed documents by the valuation agencies at Ghana’s ports. The Vice President, Dr. Mahamudu Bawumia on April 3, 2019 announced cabinet’s decision to slash the benchmark values by fifty percent (50%) for all imports and thirty percent (30%)…
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Int’l Civil Aviation Organization ranks Ghana high in aviation safety
Ghana obtained a provisional Effective Implementation (EI) rate of 89.89 per cent, the highest by an African country, after the International Civil Aviation Organization (ICAO) concluded its Coordinated Validation Mission (ICVM) this year. The validation is in line with the United Nations Aviation Agency’s Universal Safety Oversight Audit Programme (USOAP). The ICVM assessed Ghana’s safety…
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Ghana finalizes agreement with GERC for $2.2b Eastern railway project
The Ministry of Railways Development has reached a Concession Agreement with the Ghana European Railway Consortium (GERC) for the construction of the Eastern Railway line project at the cost of $2.2 billion dollars. The 340 kilometre- Project, which would run from the Tema Port through Accra, Koforidua and end in Kumasi; is a Built, Operate…
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A Boeing 737 Max 8 made an emergency landing after an engine problem
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A Boeing 737 Max 8 aircraft from the fleet that was grounded after two deadly crashes made an emergency landing in Florida on Tuesday. No passengers were aboard Southwest Airlines Flight 8701, which was being ferried from Orlando International Airport to Victorville, California, for short-term storage during the grounding, the airline said. Just before 3…
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Fuel prices to increase further if cedi depreciation continues—OMCs warn
Oil marketing companies (OMCs) are bemoaning the dire impact the cedi depreciation is having on their operations. The OMCs warn they may be forced to increase their prices at the pumps if the rate of depreciation continues. The local currency has depreciated more than 8.5 percent this year, hitting GHS5.54 from GHS4.99 at the beginning…
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Stakeholders in maritime industry call for Maritime Transport Policy
Stakeholders in the Ghana Maritime Authority are calling for the development of a comprehensive Maritime Transport Policy as soon as possible. According to them, such a policy will streamline activities in the maritime sector—enhancing its contribution to trade. The comments were made at the opening ceremony of the National Maritime Transport Policy Workshop held here in Accra. The…
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Ethiopian Airline crash won’t affect national carrier plans – Aviation Minister
Minister of Aviation, Joseph Kofi Adda says Ghana will continue with its partnership with Ethiopian Airlines to establish a national carrier. According to the Minister, the recent crash of Ethiopian airline flight 302 which claimed the lives of all 157 persons on board, does not negate the good record of the airline. Ghana recently signed…
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Five companies to start Cylinder Recirculation Model–NPA
The National Petroleum Authority (NPA) has licensed five LPG marketing Companies to undertake the Cylinder Recirculation Model. The policy is expected to be rolled out before the end of the year. The marketing companies under the Cylinder Recirculation Model will be responsible for the distribution of already filled LPG Cylinders to consumers. They will also…
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Ethiopian Airlines flight to Nairobi crashes; deaths reported
An Ethiopian Airlines flight between Addis Ababa and Kenya’s capital, Nairobi, has crashed, the Ethiopian prime minister’s office said on Sunday. “The Office of the PM, on behalf of the Government and people of Ethiopia, would like to express its deepest condolences to the families of those that have lost their loved ones on Ethiopian…
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IFC,GSE ‘ring the bell for gender equality’
IFC, a member of the World Bank Group, is partnering with the Ghana Stock Exchange and over 70 other stock exchanges around the world to “Ring the Bell for Gender Equality”—an initiative linked with International Women’s Day that promotes increased women’s participation in the global economy to catalyze sustainable and inclusive private sector growth. Accelerating…