Category: Transport
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Cost of fuel could hit GHS5.50 by end of year—Former GNPC Boss
The continues depreciation of the local currency coupled with increasing crude oil prices on the international market could see fuel prices increase to 5 Cedis 50 pesewes per litre at the pumps by the end of the year, a former Chief Executive Officer of the Ghana National Petroleum Corporation (GNPC), Alex Mould has warned. The…
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High anchorage charges making Ghana’s ports uncompetitive—Ship Owners
Ship owners have begun talks with port authorities to seek a reduction of what they describe as high anchorage charges for Ship to Ship Services at the Ports. The shippers are worried the high charges for trans-shipment services have rendered the country’s ports uncompetitive, forcing members to do business in neighboring countries. Currently, a 45,000…
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CFAO Ghana launches new Mitsubishi Eclipse Cross
CFAO Ghana Limited has outdoored the new Mitsubishi Eclipse Cross to the Ghanaian market. Speaking at the launch, a newly appointed Managing Director, Mr. Paulo Fernandes, the objective of CFAO Group is not only to sell, but also to offer customers a reliable and well-designed vehicle that goes beyond to offer mobility. “In fact, our…
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Foodstuff prices go up by 7% in May – Esoko
Prices of foodstuff have gone up by at least seven percent between April and May 2018. Statistics released by Esoko Ghana shows that prices went up as much as 7 cedis for some foodstuff on the market. A variety of factors have been attributed to the rise in the prices of food items. These include…
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Reduction in spare parts prices will not impact transport fares
The Abossey-Okai Spare Parts Dealers Association have ruled out any reduction in transport fares due to proposed decrease in the cost of spare parts. The vehicle spare parts dealers have announced that they may reduce the prices of their wares by between 15 and 20 percent, following a reduction in some import duties. Some observers…
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Minority cautions against more tax waivers for MPS
The Minority in parliament is cautioning of a possible distortion to the scope of work on the Tema Port expansion, following calls for a downward review of the tax waivers granted Meridian Ports Services(MPS). The Tema Port Expansion project which is expected to be completed by 2019, has been plagued with controversy with calls for…
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Govt calls the bluff of freight forwarders on UNIPASS
The government has insisted that it will not be liable for any judgment debt with the introduction of the UNIPASS system at the country’s ports. The Ministry of Trade and Industry which signed on behalf of the government maintains that the new system is crucial for the blocking of all revenue leakages at the ports.…
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GRA to bear cost of new cargo tracking from June 1st
Starting this Friday – June 1, 2018, all exporters to Ghana will be required to comply with the Cargo Tracking Notes (CTN) policy before they can be allowed entry into Ghana and subsequent clearing of consignment of goods. The CTN requires that any exporter to Ghana, uploads details of the consignment onto a provided platform…
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Bayport rewards drivers for promoting road safety
Bayport Savings and Loans Company has rewarded three drivers who have exhibited discipline on the road in the ‘Bayport Save a Life Campaign’. The project is part of the company’s Corporate Social Responsibility programmes targeted at commercial drivers and car owners in the informal sector who together with the company promote a campaign on safe…
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Freight Forwarders refute cheaper UNIPASS cost claims
Opposition to the proposed introduction of a new company to undertake trade facilitation activities at the ports has intensified with Freight Forwarders being the latest group. The businesses tell Citi Business News, the removal of GCNet and West Blue from the goods clearing process, will cost the nation hugely due to non-expired contracts with them.…