Category: Transport
-
Maritime imports exceed exports in 2018 first half
Ghana’s maritime imports continue to be dominated by commodities like cars, meat, second hand clothing, among others. Figures from the Ghana Shippers Authority show that the total volume of maritime imports for the first six months of this year, reached 7.15 million metric tonnes. This is up compared to the 6.75 million metric tonnes recorded…
-
Domestic airfares witness downward reviews
Patrons of domestic air transport are beginning to witness some downward reviews in airfares for some routes. For now, it is unclear whether the competition in the industry is leading to the reviews or an effect of low demand. Already, aviation authorities are hopeful new entrants will drive competition and eliminate the monopoly in the…
-
Tax on imported aviation spare parts to be slashed
Operators of domestic airlines are to heave a sigh of relief with the amount of money they spend on aviation spare parts. It will follow the reduction in taxes on such products by the government. The Ministry of Aviation is currently engaging the Ministry of Finance for a rebate in the taxes paid by domestic…
-
Passion Air joins domestic aviation industry
Patrons of domestic air travel should get access to alternatives by the end of August 2018. This is because a new airline, Passion Air, has joined the space to provide air transport services for the local market. This brings to two, the number of airlines operating in Ghana’s domestic aviation market. Speaking at the official ceremony…
-
Railway Ministry to receive 22 world class coaches
Ghana is negotiating with Transnet International for the supply of twenty-two World Class Coaches to the Ghana Railway Development Ministry. Transnet is expected to supply one hundred and ten wagons to the Ghana Railway Company Limited by end of this year. This also includes the supply of twenty-two coaches, two locomotives for the passenger service,…
-
Gov’t must go to stock market to raise funds for infrastructure devt
Minister for Works and Housing, Samuel Atta Akyea has suggested that government heads to the Ghana Stock Exchange to raise 90 billion US dollars to solve all of the country’s key infrastructural problems. According to him Ghana’s economy as it is now will not be able to generate enough revenue to solve the infrastructure challenges…
-
CTN still creating confusion—Freight Forwarders
President of the Ghana Institute of Freight Forwarders, Kwabena Ofosu Appiah has stated that the newly introduced government policy, Cargo Tracking Notes (CTN), is creating serious confusion at the ports. According to him, the CTN has reinforced the confusion at the Port as importers outside the country are uncertain what exactly the newly introduced policy…
-
Gov’t conducts forensic audit on foreign companies evading taxes
Finance Minister, Ken Ofori-Atta has disclosed that experts have been contracted to work alongside the Ghana Revenue Authority (GRA) to conduct forensic audits of companies in priority sectors and undertake audits of multinational enterprises. The move according to him is aimed at reshaping transactions that result in the nation losing huge monies from multinational companies.…
-
Mixed reactions meet taxes on luxury vehicles (Audio)
Car owners and importers of vehicles in the country are divided on the possible introduction of a customs tax on luxury vehicles. The Minority in Parliament earlier this week launched a scathing attack on the Akufo Addo administration describing it as an insensitive government, for planning to introduce new taxes and increase existing ones, including…
-
Importers decry high demurrage charges again
Importers and Exporters are appealing to government to ensure shipping lines reduce their charges on demurrage at the ports. According to them, they are being exploited by the shipping lines as they charge huge demurrage on their containers which erodes all their profits on a daily basis. Enumerating the effect on their operations, Executive Secretary…