Ghana's Trading Hub News

Revenue collection at Tema Port increases by 29%

Operators of the Single Window Project, West Blue Consulting have announced a 28.7 percent increase in revenue collection for the country in 2016 at the Tema Port.

The Managing Director of West Blue Consulting, Valentina Mintah told Accra-based Citi FM that even though they missed their set target they able to block many revenue leakages in the period under review.

“If you look at revenue, the Ghana Revenue Authority [Customs] collected 28.7 percent improvement compared to the previous year’s collection. That is quite significant but I must mention they did miss their target but if you look at the revenue collection improvement, that was significant.”“If you look at the mandate of customs, which is our key client in association with the Ministry of Finance, Ministry Trade, and the other regulatory agencies. The Customs has three mandates, revenue collection, border security and trade facilitation. We set a number of KPIs for this programme to be able to look at our performance and evaluate it. One of those was to look at the improvement and time and cost of doing business in Ghana, and we benchmarked it with the World Bank Ease of Doing business Rankings,” she added.

Mintah also said they have assessed their challenges in the previous year and expect to improve on it.

“Today we had a look at where we were when we first started, the key performance indicators we set and the outcomes have been good and we are very pleased to present a positive outlook where significant improvement in the trading across borders index of the World Bank Ease of Doing Business, and also in the logistic performance index where Ghana did particularly well in the Customs component.”She was speaking after a visit by the Parliamentary Select Committee on Trade, Industry and Tourism.

The Chairman of the Committee on Trade, Industry, and Tourism, Titus Glover assured the company of the needed support from parliament to ensure more revenue is collected.

Single Window System was introduced by the government to provide an integrated clearance process aimed at reducing long hours faced by importers and exporters at the port.

Source:http://pulse.com.gh/business/tax-payment-revenue-collection-at-tema-port-increases-by-29-id6294661.html

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