New vehicle registration, port activity dip, but passenger arrivals shoot up in quarter 1 – BoG
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Transport sector activities, gauged by new vehicle registrations by the Driver and Vehicle Licensing Authority (DVLA), declined marginally by 1.4% to 22,978 in March 2022, from 23,307 vehicles registered during the corresponding period of 2021.
According to the Monetary Policy Report by the Bank of Ghana, vehicles 9old and existing) registered by the DVLA within the first quarter of 2022, however, rose by 3.6% to 99,508 from 96,093 recorded a year ago.
Ports and Habours Activity
Also, international trade at the country’s two main harbours (Tema and Takoradi), as measured by laden container traffic for inbound and outbound containers, declined during the period under review.
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Again, total container traffic decreased by 13.6% year-on-year to 56,879 in March 2022, down from 65,804 for a similar period in 2021.l
In cumulative terms, total container traffic for the first quarter of 2022 dipped by 14.2% to 163,939, compared with 191,051 for the corresponding period of last year.
The relative decline in port activities, the report said, was due to a slowdown in international trade activities over the review period amid ongoing geopolitical tensions.
Passenger Arrivals
The Monetary Policy Report also revealed that international passenger arrivals increased in March 2022 by 82.8% to 64,358 compared to a similar period in 2021.
