Based on the lingering scarcity of aviation fuel in Nigerian airports, the Ghanaian aviation industry is currently making huge sales as more airlines are currently flying there to fuel their aircrafts.
Because of this development, there is a significant increase in the number of aircraft that land at the Kotoka International Airport, since the ongoing shortage of aviation fuel in Nigeria.
While reacting to the increase in demand for aviation fuel in the country, the Business Development Manager of the Ghana Civil Aviation Authority (GCAA), Reverend Stephen Wilfred Arthur, acknowledged an upswing in capital inflows.
According to him, “In short term we would say yes because we have wide bodied aircraft landing in Kotoka and making it possible for us to increase the stream of revenue from landing and also suppliers of the fuel as well as the government by way of taxes and others will also benefit,” he explained.
“I believe that it may be a temporarily situation but that notwithstanding there are benefits that we may be deriving.”
Last Week, the Federal Government announced the take-off of full deregulation of the downstream sector of the Nigerian petroleum industry, increasing petrol price from N86.50 to N145 per litre.
