Ghana's Trading Hub News

US Commerce secretary visits Ghana

US Secretary of Commerce Wilbur Ross is expected to lead a delegation from the President’s Advisory Council on Doing Business in Africa (PAC-DBIA) on a fact-finding mission to Ghana later this month.Under Secretary of Commerce for International Trade, Gilbert Kaplan, will head the delegation on stops in Ethiopia, Kenya and Côte d’Ivoire, as well as accompany Secretary Ross in Ghana.

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Customs engages stakeholders on redesigning paperless export process

The Customs Division of the Ghana Revenue Authority and its partner agencies including the Ghana Ports and Harbours Authority have met with stakeholders in the export sector to discuss measures that would produce a flawless flow in the paperless design for export.This follows the initiative of the Director General of GPHA, Paul Ansah, of augmenting the potential of the export trade in Ghana.

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Government to review paperless port system – Bawumia

Vice-President Mahamudu Bawumia has announced government’s decision to review operations of the paperless port system to bring about more efficiency, improve revenue collection and rein-in corruption.He said from July 01, the number of agencies undertaking joint inspections at the ports will be reduced from 16 to three – Ghana Standards Authority (GSA), Food and Drugs Authority (FDA) and Customs Division of the Ghana Revenue Authority (GRA).

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Single Window showcased on world stage

Ghana was among over 75 countries which took part in this year’s World Customs OrganiSation (WCO) Information Technology Conference and Exhibition held in Lima, Peru.The conference, which had over 500 participants, gave Ghana the opportunity to showcase to the world how the country is implementing its National Single Window at its ports.The 3-day event, which was held from June 6 to 8, 2018, brought together Customs of the World – including representatives of private sector and international organisations – to find lasting solutions using new technologies for the benefit of trade and international security.

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Customs destroys over 1000 illegally imported mattresses

The Customs Division of the Ghana Revenue Authority (GRA) has set ablaze over 1,000 seized mattresses.The exercise was carried out under strict supervision of the National Security and the Ghana Ports and Harbours Authority (GPHA) at the Kpone landfill site.

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Edward Osei appointed Acting Director General of GPHA

The Director of Tema Port, Mr Edward Osei has been appointed as the acting Director General of the Ghana Ports and Harbours Authority (GPHA).A letter signed by Nana Bediatuo Asante, Secretary to the President, dated June 6, 2018 said Mr Osei should act until a substantive Director-General has been appointed by the President.

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Single window increases revenue by 24%

Implementation of the single window system has increased government’s revenue by 24 percent over the past two years, rising from GH₵744 billion in 2015 to GH₵975 billion in 2017, the Ghana Revenue Authority, Customs Division’s Monthly Import Revenue Performance data for the period has revealed.For the first four months of this year, the total amount of revenue realised from imports stands at GH₵3.59billion, a development that portends an increase in total revenue to be collected by Customs at end of the year.

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IMF lauds Ghana’s economic performance

The International Monetary Fund (IMF) has lauded the government for pursuing an economic trajectory that is yielding positive results to restore the economy on a sound footing but added that a lot more work needs to be done to achieve full fiscal consolidation.For the country to achieve its target of sound microeconomic stability, the fund urged the government to ensure a sound financial sector, prioritise investments and reduce the debt stock to sustainable levels to restore absolute confidence in the economy.

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Commissioner-General of GRA brief media on excise tax stamp

Mr Emmanuel Kofi Nti, the Commissioner-General of the Ghana Revenue Authority (GRA) has said the implementation of the excise tax stamp was not an introduction of a new tax.“Rather, the stamp is a new way of administering the already existing tax and helps the GRA to effectively monitor the payment of excise tax to ensure that the correct amount of tax is paid”.

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GRA Declares No TIN, No Documents, No Business

It is mandatory and required by the laws of Ghana for every adult Ghana living everywhere to register and have a Tax Identification Number (TIN).
Taxpayer Identification Number (TIN) is a unique number generated by the Ghana Revenue Authority (GRA) for persons including corporate entities upon application.The GRA as part of its operational standards pledged to generate the number within 48 hours upon application accompanied with a valid national identification number such as Driver's license, Passport, Voter's ID.

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