Ghana's Trading Hub News

GPHA partners Diamond Cement to construct Keta Port

The Ghana Ports and Harbours Authority has signed a Memorandum of Understanding (MoU) with Diamond Cement Ghana Limited, a leading cement producer, to begin the construction of a port at Keta in the Volta Region.According to the Director-General of GPHA, Paul Ansah, the move is in line withgovernment’s commitment towards to widen infrastructural development across various sectors of the economy.“In collaboration with Diamond Cement that dream of government is being fulfilled,” he said.

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Cargo traffic tipped to grow by 10% in 2018

Cargo traffic to the country’s two seaports has been tipped to continue along the present steady growth line, with an expected surge of 10 percent by year-end according to projections by the Ghana Shippers’ Authority (GSA).The projections, the authority said, are based on the positive trend of the country’s seaborne trade over the last decade, which has seen traffic rise from 15.1 million metric tonnes in 2014 to 21.5 million metric tonnes last year.Specifically, growth was recorded in all the trade areas of import, export and transit, which saw 17.5 percent, 10.9 percent and 24.6 percent surges respectively in 2016 figures.

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Customs Office In Wa Exceeds Revenue Target By Over 10%

The Wa Collection of Customs Division of the Ghana Revenue Authority (GRA) mobilised a total amount of GH¢4,690,000.00 in 2017 in excess of its revenue target of GH¢4,250,000.00 for that year.The Customs Division therefore exceeded its 2017 set goal by 10.31 in spite of human and logistical challenges facing the revenue collection body for the state.The feat was chalked even when staff position of the Collection which started with 106 in 2017 dwindled to 62 by July the same year owing to the crisis in Tema, according to officials, which affected the general human resource position of Customs.

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Management of the Ghana Ports and Harbors Authority and the leadership of the Customs Division of Ghana Revenue Authority have held a review meeting to evaluate the paperless port clearance procedures whose implementation at Ghana’s ports begun some six months ago.The two institutions had come to the understanding, that although the paperless port clearance processes had yielded tremendous impact in the last

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Shippers Authority inaugurates new office in Tamale

The Ghana Shippers’ Authority (GSA) Tuesday inaugurated its new office in Tamale to bridge the gap between the north and the south to remove trade bottlenecks for internal and intra-regional trade.The new office will also bring services of GSA closer to exporters and importers in the Northern, Upper East and Upper West Regions.

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One year of Ghana’s implementation of WTO Trade Facilitation Agreement

The objective of this article is to provide a snapshot on progress of implementation of activities by the Government of Ghana, private sector and development partners since January 2017, when Ghana ratified the WTO Trade Facilitation Agreement.Ghana became the 104th country to ratify the WTO Trade Facilitation Agreement on 4 January 2017. The ratification by Ghana’s parliament gave further boost to the country’s ongoing efforts at implementing trade facilitation reforms in the country.

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GRA To Hit Revenue Target

The Commissioner-General of the Ghana Revenue Authority (GRA), Mr Emmanuel Kofi Nti, has indicated that the authority’s revenue target of GH¢39.8 billion is achievable.It raked in GH¢ 32.3 billion last year, registering a shortfall of GH¢1.1 billion.The figure, however, represented a nominal growth of 22.3 percent over the 2016 collection and was the GRA’s best performance in the past five years.
Mr Nti expressed optimism that through the combination of effective supervisory skills, new initiatives in debt collection, sustained public education and strong application of the tax laws – sanctions

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Tema Chamber Of Commerce reviews paperless process

The Tema Chamber of Commerce has held its maiden forum on the paperless initiative implemented at Ghana’s Ports on 1st September, 2017.Members of the chamber seized the opportunity to assess the paperless system and make known some challenges they have identified.Their major concerns included delay problems with service delivery and poor attitudes that hamper business facilitation within some operators at the port and all stake holding parties at large.

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Ghana Revenue Authority awards staff, taxpayers

The Ghana Revenue Authority (GRA) has honoured some staff and taxpayers of the revenue collection institution at its 2017 edition of the annual GRA Staff and Stakeholders Awards Ceremony in Accra.The glamorous awards night, held at the Movenpick Ambassador Hotel on Friday February, 9, sort to reward loyal working staff who dedicated time and sacrificed their efforts to ensure the seamless running of the institution in the year 2017.The GRA, through the award scheme,

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Ireland signs double taxation agreement with Ghana

Ireland has signed a Double Taxation Agreement with Ghana, an important step to increase trade with West Africa.The Agreement, the first that Ireland has concluded with a West African country, was signed by Ireland’s Ambassador to the Republic of Ghana, Mr. Seán Hoy and Minister of Finance and Economic Planning, Ghana, Mr. Ken Ofori-Atta, at a ceremony in Accra on Wednesday February 7th. Representatives from ESB International, Guinness and Tullow Oil, all of which have a significant presence in the Ghanaian market, were invited to join the Irish delegation at the ceremony.

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