Ghana's Trading Hub News

Ghana Revenue Authority revenue goes up

The Customs Division of the Ghana Revenue Authority (GRA) says its revenue generation has increased since the successful implementation of the Pre-Arrival Assessment Reporting System (PAARS). According to the division, the various stakeholders and clearing agents could now get their clearance documents processed in less than 48 hours to clear their goods from the ports. PAARS is a modernised system that has been developed by the Customs Division of GRA as part of the implementation of the National Single Window system to enhance revenue mobilisation, improve border security and customs clearance, overcome duplication across regulatory agencies and promote trade facilitation.

 

The GRA-Customs Division in a statement said “PAARS has helped fish out the bad eggs in their caucus, as the robust and fast system has put an end to corruption when clearing of goods comes into place”.

It said the implementation of the PAARS had received praise from importers and clearing agents across the country.

“Ghana Customs has proved critics wrong by successfully taking over its operations from the Destination Inspection Companies (DICs) and maintaining an upward integrity so far”, the division said.

 

“Trade facilitation for Ghana remains the heartbeat of its development, it is key to allow for the free flow of trade and, overall, the results suggest that Ghana’s economy will mostly have great benefits from the successful implementation of trade facilitation, thus the need to take concrete steps towards streamlining trade procedures”, it said.

The division said efficient movement of goods was key to maintaining trade competitiveness, and enabling effective engagement of firms, in particular, small and medium enterprises, with regional and global production networks.

It added that the implementation of paperless trade measures would be crucial to reducing trade costs and the continuous adoption of modern information and communication technologies and bring about a desirable end to hindrances of trade facilitation.

New Module Introduced

After successfully implementing the PAARS, the Customs Division of the Ghana Revenue Authority (GRA) has introduced a new module to be implemented at the various ports in the country.

The new system is called the “Used Vehicle Valuation Module” and it is expected to increase transparency, save time and cost for stakeholders in the import and export business.

The Used Vehicle Valuation Module will be used by various stakeholders to obtain their Customs Clearance and Verification Report (CCVR) for their used vehicle importation into Ghana.


Source: http://graphic.com.gh/news/general-news/53012-gra-revenue-goes-up.html#sthash.iYG0UYv8.dpuf

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