Total import revenue realized by the Ghana Revenue Authority (GRA) is nearing the GHC13 billion target projected by the Authority for the 2018 fiscal year.
This will represent nearly a GHC2billion increase over the 11. 43 billion of revenue collected in 2017 by the GRA from importers.
For the first half of this year, about GHC5.8 billion was collected for the state from importers.
As at October, about 11.5 billion have been collected from importers for government, according to data from GRA released to the paper. This follows impressive gains over the last two years.
The growth in revenue realized from imports over the period can largely be attributed to the implementation of the Paperless Port System at the country’s sea ports, under President Nana Addo Dankwa Akuffo-Addo’s government.
The Ministry of Finance, Ministry of Trade, GRA-Customs Division, West Blue Consulting and GCNET among other stakeholders have been commended for their various roles played in increasing government’s revenue at the port and blocking revenue leakages.
The achievement being made at the ports has seen Ghana ranked 156 in the trading across borders scoring 54.84 up from 52.32 in 2018 in the latest World Bank Ease of Doing Business Report.
According to the report, Ghana made importing easier by implementing a paperless customs clearance processing system.
Government has rolled numerous interventions in recent months as part of efforts to maximize the socio-economic gains of the maritime sectors.
Among them include the reduction in the number of inspections agencies at the port, the paperless clearance of goods as well as the scrapping of barriers along trade corridors.
Port inspection agencies have been reduced from 16 to 3 (GRA-Customs Division, GSA, FDA) to reduce clearing time, efficient revenue collection resulting in 24 percent increase in government collections.
The Single Window and paperless regime, according to a recent University of Ghana Business School report, has saved the country about US$500 million since its implementation.