Category: Transport
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Fuel prices to drop in second pricing window in March
The Institute for Energy Security (IES) is predicting at least a 3% fall in fuel prices for the second pricing window in March. The IES is basing the fall on the drop in prices of petroleum products on the world market. They also believe there has been a relative stability in the forex exchange market…
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Average interest on car loans hits 35%
The average interest on vehicle loans offered by commercial banks has reached 35 percent as at the end of February this year; the latest Annual Percentage Rate (APR) report by the Bank of Ghana has shown. This represents 2 percent increase compared to the 34.3% recorded as at the end of January 2017. The Annual…
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MD of Ghana Airport Company resigns
The Managing Director of the Ghana Airport Company Limited Mr Charles Asare has resigned, Citi Business News can confirm. A letter from Mr Charles Asare cited by Citi Business News dated today the 14th of March, 2017 and addressed to the Aviation Minister stated that ”i write to inform you of my resignation as MD…
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Importers ‘cry’ over unfair charges at the ports
Importers and Exporters in Ghana have made a call on government to put in stringent measures at the ports to halt illegal fees charged by some port officials. According to them, some port officials use unauthorized means to extort money from importers when clearing goods at the ports. Government recently scrapped the one percent special…
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Reduce high charges on building materials – Importers
Importers of building materials want government to review charges on their imports. They argue that the continuous imposition of the levies is causing a strain on their businesses. Finance Minister Ken Ofori Atta during the budget presentation had announced that eight taxes including the one percent special import levy will be abolished. But, in an…
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Transport fares not increased yet – Union
The Ghana Road Transport Coordinating Council (GRTCC), has described as unfortunate reports of increases in transport fares in Accra. According to the Council, the unions have not increased fares and want drivers who are have reviewed the fares to stop. Citi Business News’ checks at some transport stations have revealed that some drivers have increased…
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Importers excited over abolition 1% special import levy
Importers in Ghana have welcomed the abolition of the 1% special import levy charged at the ports. The Finance Minister, Ken Ofori-Atta, announced this among other tax cuts in the budget presentation before parliament earlier today [Thursday] in parliament. The special levy which was introduced by the previous government, has received huge backlash from importers,…
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AirFrance launches Accra-Paris route; targets fresh produce exports
Air France has disclosed of its commitment to facilitate the swift export of fresh agricultural produce from Ghana to Europe in the short to medium term. It follows the commencement of the airline’s operations along the Accra-Paris route. The assurance also follows the impressive cargo patronage recorded by the airline in its inaugural flight from…
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Intercity STC gets US$35m investment
State transport company, Intercity STC Coaches Limited has received a major boost by signing an agreement with Nordic Logistics Limited for the procurement and operation of 100 buses valued at 35 million US dollars. Per the agreement, Nordic, under the six-year a six year period is expected to initially supply the 100 buses after which…
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Revenue collection at Tema Port improves by 29%
Operators of the Single Window Project, West Blue Consulting have announced a 28.7 percent increase in revenue collection for the country in 2016 at the Tema Port, despite missing its set target. The Single Window System was introduced by government to provide an integrated clearance process aimed at reducing long hours faced by importers and…