Ghana's Trading Hub News

2018 budget statement

The National Youth Authority launched the STEP (Steps Towards Employment and Productivity) Project which aims at equipping 5,000 young persons between the ages of 15 and 35 with artisanal skills. The Authority organised a coaching and mentorship programme for 250 students from selected Senior High Schools in Accra and also provided skills and vocational training to 1,558 trainees at the 11 Youth Leadership and Skills Training Institutes (YLSTIs).In 2018, the Authority will implement the STEP Project under the Informal Youth Enterprise Development Programme and also commence the development of a National Youth Work Policy and Licensing.

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Akufo-Addo commends Port Authority for effective paperless operations

President Nana Addo Dankwa Akufo-Addo has commended the Port authority for effective supervision of port projects and smooth paperless operations.According to the President, the management of the Port Authority has impressed him with his supervision on the paperless project implementation and his commitment to safeguard national revenue.“I have visited the Tema Port to inspect the activities that are undertaken over there and I must say, the implementations that have been put in place for transformation are really working well

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India Exim Bank visits Ghana

The Export-Import Bank of India (EXIM India), led by the Deputy Managing Director, Mr Debasish Mallick, will be in Ghana for an initial scoping visit from November 14 to 24, 2017 to undertake Phase One of Institutional Capacity Building for the Ghana Exim Bank.The visit is to equip the Ghana EXIM Bank to facilitate the development of the small and medium enterprise (SME) sector and Non-Tradition Exports (NTE) in Ghana.Commenting on the upcoming phase one of the capacity building session, the Chief Executive Officer of the Bank, Mr Lawrence Agyinsam, said:

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Ghana moves down on ease of Doing Business Index

Ghana has moved four places down on the Trading Across Borders in the latest World Bank Ease of Doing Business Report, an indication that the country introduced less reforms across its trade borders.The Doing Business 2018 Report, titled “Reforming to Create Jobs”, released last week showed that Ghana placed 120th out of 190 countries surveyed in the overall ranking of Ease of Doing Business, a drop from 108 in the previous report.Also in the sub-Saharan Africa sub-region, Ghana was not part of the top 10, coming 11th out of the 47 countries ranked in the region. This is evidence that the government implemented less reforms in the period under review to ensure the ease of doing business in Ghana.

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Customs officers to face sanctions if caught dealing with ‘goro boys’ – Commissioner

Customs officers manning the country’s borders will be sanctioned severely if caught dealing with ‘Goro Boys’, Isaac Crentsil, Commissioner of the Customs Division of Ghana Revenue Authority (GRA), has warned.Consequently, he has ordered that all intermediary transactions between the ‘Goro Boys’ at the borders and customs officers be halted with immediate effect.He disclosed that an official letter of notice would be communicated to all customs officers at borders for strict compliance.

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Chamber of Commerce targets over 24% increase in exports to US

The Ghana Chamber of Commerce and Industry has targeted to increase exports to the United States from the current 14 percent to over 24 percent in eight years. Officials expect members to take full advantage of the Agric Growth and Opportunity Act (AGOA) initiative to achieve the objective.Beneficiary countries are entitled to export over 6,400 products quota and duty-free to the United States.The Africa-US bilateral arrangement encourages export-led growth to enhance trade and economic potential of sub-Saharan African countries.Chief Executive of the Ghana Chamber, Mark Adu Aboagy, is optimistic the target can be achieved.

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Ghanaian Authorities Investigate Imported Rotten Chickens

The Customs Excise and Preventive Service (CEPS) division, of the Ghana Revenue Authority (GRA), has said it is investigating a case of alleged imported rotten chicken into the country.The Herald newspaper reported on Monday that thousands of Ghanaians may be in danger as credible information they have from the Tema Ports suggests that, some unwholesome frozen food products, have found their way into the country under bizarre circumstances.Speaking on the Citi Breakfast Show on Monday, a member of the CEPS communication team, Paa Kow Ekuma, said although they do not think something untoward had occurred, they won't leave anything to chance,

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‘Trade facilitation should gain traction in 2018 budget’ - Trade Expert

Government has been urged to prioritise implementation of the measures in the Trade Facilitation Agreement in the 2018 National Budget to position the country as a major continental trade hub within the next five years.Ghana has signed on to the World Trade Organisation’s Trade Facilitation Agreement (TFA), which enjoins the country to put strategies in place to address the delays and cost associated with the clearance of goods from the ports.

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DP World and Ghana’s President Talk Customs

DP World Group has met with the President of Ghana to discuss cooperation in customs technology, port operations, developing a freezone, rail transport and inland container depots to develop trade.A new customs agreement with Dubai company Customs World opens new areas for cooperation between the global port operator and the West African country.Customs World is a subsdiary of PCFC (Ports, Customs and Free Zone Corporation) - Trakhees, which provides services to Dubai World and its subsidiaries in Dubai, as well as other areas controlled by Dubai Customs.

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Customs takes delivery of two Mobile Laboratory Vans

The Ghana Revenue Authority (GRA) Customs Division has taken delivery of two Mobile Laboratory Vans to combat illicit trade, anti-smuggling operations as well as protect consumers from harmful goods.The Mobile Lab which is expected to be placed at the Ports and boarders daily to facilitate the clearance of goods, would also safe guard the environment, maintain security in the flow of trade as well as combat terrorism.The Mobile Laboratory Vans was procured by the GRA, Customs Division with funding from the Netherlands under the GIZ implemented Good Financial Governance Programme (GFG) in Ghana.

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