Ghana's Trading Hub News

Single Window To Save Ghana $120m

Finance Minster Seth Terkper launched the strategic action plan and roadmap for the implementation of the Ghana National Single Window (GNSW) project in Accra yesterday.

The implementation of the proposals in the strategic plan is expected to save the country over $120 million annually and reduce the time and complexity of international trade.

The project would also increase government revenue, enhance the potential for foreign direct investment in the country and strengthen Ghana’s standing in the international community in terms of global economic performance indicators.

Mr Terkper called on Ghanaians and stakeholders to support the project which has the potential to make a major, long term and sustainable impact on the competitiveness of Ghanaian exports and import business and consequently on the country’s overall economic performance.

Valentina Mintah, Chief Executive Officer (CEO) of West Blue Consulting Limited, said the implementation of the strategic plan would have positive impact on the environment through the reduction in paper and travel of traders to and from government agencies.

She said the analytical approach and framework used throughout the strategic plan and road-map adheres to global best practices, as recommended by the United Nations and the World Customs Organization.

“It includes a detailed analysis of the international trade processes and procedures of over 40 government agencies and business organizations critical to the international trade process in Ghana; an analysis of the underlying information and communications technology infrastructure currently in place, and an assessment of the stakeholder and change-management requirements to support the implementation of the National Single Window. It also analyzes the current legal framework,” Ms Mintah said.

Source:http://www.ghanamma.com/2016/06/18/single-window-to-save-ghana-120m/

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