Ghana's Trading Hub News

GRA records 22.3% revenue growth in 2017

The performance of the Ghana Revenue Authority (GRA) in 2017 recorded a nominal growth rate of 22.3% over the 2016 collection figures.GRA collected GH¢32.3 billion (GH¢32,313.37 billion), compared to the GH¢27 billion in 2016.
In 2017, the GRA was tasked to collect GH¢33,434.20 billion. As of the end of the year, the provisional collection figure is GH¢32,313.37 billion. This represents a shortfall of GH¢1.1 billion (GH¢1,120.83 million), a negative deviation of 3.4%.

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Immigration Service, CEPS call for effective collaboration among personnel

The Comptroller-General of the Ghana Immigration Service, Kwame Asuah Takyi, and the Commissioner of Customs Division of the Ghana Revenue Authority, Isaac Crentsil, have called for teamwork, professionalism and effective corroboration among personnel of the two security agencies.They made the call when the two Security Chiefs paid a day’s working visit to the Aflao-Segbe borders in the Volta Region,and took turns to address personnel of both agencies.

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Ghana Revenue Authority tasked to collect GH¢39bn as revenue in 2018

The Ghana Revenue Authority (GRA) has been tasked to collect in excess of GH¢39bn as taxes for the 2018 fiscal year.In 2017, the authority collected GH¢32.4bn as against a target of about GH¢ 34bn, representing 97 percent.Mr Emmanuel Kofi Nti – Commissioner General of the GRA, in an interview with the media at a send-off ceremony for some 138 retired workers of the authority in 2017, said the growth in revenue relative to 2016 was the best in the last five years.

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Gov’t to review operations at ports months after going paperless

Ghana Revenue Authority, GRA, has disclosed that it is preparing to take a holistic review of the system automation and paperless operations at the Tema and Takoradi Ports.After four months of the implementation of the paperless system, the Customs Division has identified areas with challenges and willing to address it in other not to disrupt revenue mobilization.In an exclusive interview with JoyBusiness, Deputy Commissioner in charge of Policy and Programmes at the GRA, Patrick Yawutse noted, the review is very critical to the success of the programme.

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3.7% – 7.9% GDP: We’ve set record – Bawumia

Ghana’s economy increased from 3.7% in 2016 to an estimated 7.9% in 2017, Vice President, Dr Mahamudu Bawumia, has stated.According to the Vice President, this is the best annual real GDP growth for the first year of any new government since 1992.Speaking at the opening of the 69th annual New Year School and Conference in Accra, Vice President Bawumia said the future looks bright, despite inheriting a gloomy economy.

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GSA calls for strict enforcement of legislation on second hand goods

The Ghana Standards Authority (GSA), under the auspices of the Ministry of Trade and Industry, has called for strict enforcement of legislations on second hand goods such as handkerchiefs, underpants, mattresses and sanitary ware.A statement from the GSA reminded all importers and the general public that Legislative Instruments (L.I. 1586) of 1994 and (L.I. 1693) of 2001 were still in force.It said the reminder had become necessary following recent media reports on the illegal activities being undertaken at some entry points.

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Ghanaians Encouraged To Honour Tax Obligations

The Sunyani West Directorate of the National Commission for Civic Education has carried out a number of activities across the District aimed at encouraging Ghanaians to honor their tax obligations.The campaign dubbed “Our Taxes, Our Future” was organized with support from the Ghana Revenue Authority (GRA).In order to reach out to many potential tax payers, the Office used a multifaceted approach which included engagements with Faith Based Organizations, Identifiable Groups, Information Centers and Dawn Broadcasts.

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Total Port Automation In Progress

The total automation of port operations by the Ghana Ports and Harbours Authority (GPHA) is in the works, says the Director-General of the ports management body at an engagement with senior editors in Accra in the twilight of last year.
The Director-General of GPHA, Paul Asare Ansah posted a fantastic picture of the paperless novelty, whose initial hiccups were harped upon by some stakeholders.
With the major turnaround recorded by the innovation, the negative impressions have been revised, though the astronomical increase in revenue evidential of the claim.

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Takoradi Port records 7.3m mt cargo

Director of the Takoradi Port, Capt Ebenezer Afedzi, says at the end of November 2017, a total of 7.3 million metric tonnes of cargo passed through the Takoradi Port as against 6 million metric tonnes in 2016.“This represents an increase of 1.3 metric tonnes and we are hoping that by December 31, 2017, it will increase to about 8.5 million tonnes,” he added.He noted that the Takoradi Port partnered Ghana Oil Company Limited (GOIL) to construct a 13.5 million litres capacity marine gas oil storage facility at the port to support the oil and gas industry.

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Setting up and building a National Trade Facilitation Committee in Ghana: a fruitful journey

The Programme was designed to empower Ghana National Trade Facilitation Committee to be in a better position to implement in a coordinated manner trade facilitation reforms, including the provisions of the Agreement on Trade Facilitation of the World Trade Organization (WTO).

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