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Posts Tagged 'ECOWAS'

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Ghana To Introduce ‘First Port Duty Rule’

The Government of Ghana intends to implement the First Port Duty Rule at Ghana’s ports in order to tackle smuggling arising from diverted transit goods supposedly meant for landlocked countries such as Burkina Faso, Mali and Niger.
Studies have shown that many of such goods are either unloaded and sold inside Ghana or sent through unapproved routes to the said destinations, thereby depriving both Ghana and the eventual destination the necessary revenue.

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Common External tariff key to reduction in smuggled Goods

The Director of Foreign Trade at the Ministry of Trade and Industry, Mr. Anthony Nyame Baafi has said the implementation of the Common External Tariff will significantly reduce smuggling of goods across national borders.He said one of the main instruments that the West African regional body ECOWAS can use to foster regional integration is the Common External Tariff (CET) which has been successfully passed in Ghana.Mr. Nyame Baafi said this at a workshop on “Exporting to the ECOWAS and EU Markets” funded by Trade Related Assistance and Quality Enabling Programme (TRAQUE) in Tamale.

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Ecowas Youth Council calls for immediate intervention on trade, integration dispute between Nigeria and Ghana

The Economic Community of West African States Youth Council (ECOWAS-Youth Council) attention has been drawn to the most recent alleged regional trade dispute on currency impropriety amid relative to incendiary policy on business registry and the infliction of price on resident’s card to foreigners in ECOWAS regional areas.

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African countries must add value to their exports – US Ambassador

Mr. Robert Jackson, the United States Ambassador to Ghana, said Africa must add value to their exports in order to move to the next phase of development and job creation.Speaking at the ECOWAS Industrial Summit Gala Dinner at the Banquet Hall in Accra, Mr. Jackson said there are tremendous opportunities for West Africa to develop and expand job intensive, value-added industries such as agribusiness, textiles and apparel

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Let’s embrace Common External Tariffs – Dr Larbi-Saiw

Dr Edward Larbi-Siaw, Tax Policy Advisor at the Ministry of Finance and Economic Planning, has urged Ghanaian business community to embrace the ECOWAS Common External Tariffs to expand their business.He said Common External Tariffs allow industries to expand to take over from other businesses and urged the business community not to be afraid to take such opportunities. Dr Larbi-Siaw was speaking at the Ghana Revenue Authority’s (GRA) 2015 Stakeholder Awards organised in Accra to recognise excellence in revenue mobilization and motivate all who participated to achieve the Authority’s objectives

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GRA unfazed by opposition against ECOWAS Tariff system.

The Ghana Revenue Authority (GRA) has downplayed the stiff opposition by some stakeholders against the implementation of the ECOWAS Common External Tariff System at the ports.

The system which came into force on February 1 has been met with some resistance by traders and clearing agents who say it has only increased their cost of operations.But speaking with Joy Business at a press soiree Wednesday, Commissioner General of the GRA, George Blankson insisted the system is the best way of streamlining import duties in the sub-region to the benefit of the local economy.

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