Ghana's Trading Hub News

From the monthly archives: November 2015

We are pleased to present below all posts archived in 'November 2015'. If you still can't find what you are looking for, try using the search box.

IMF satisfied with Ghana’s performance

The International Monetary Fund (IMF) has expressed satisfaction with Ghana’s performance on its programme with the fund, saying: “Implementation of the programme has so far been satisfactory, with all end-August 2015 performance criteria met.” Mr Terkper said fortunately reforms by the Ghana Revenue Authority, including the introduction of the Single Window Clearing process at the ports of entry, were helping to rake in more revenue. The Minister of Finance insisted that such reforms were very important for the country to consolidate itself as a middle-income country.

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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.

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‘Don’t remove goods from bonded warehouse without supervision’.

The Assistant Commissioner of the GRA Customs Division, Legal, Mr Godwin Attoh, called for increased public education on Customs Laws to ensure compliance by taxpayers. Seminar. The seminar educated taxpayers on tax compliance and trade facilitation systems in their business operations to ensure quality service delivery. Participants in the one-day seminar included importers and exporters, warehouse operators, representatives of haulage companies and business operators under the jurisdiction of the Accra Sector collection unit.

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The Success Story Of PAARS As Ghana Revenue Authority - Customs Division Sees Giant Strides

The Ghana Revenue Authority- Customs Division has announced through its communications department of a new added module on the Pre-Arrival Assessment Reporting System  PAARS. This module which has just been introduced will 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 CCVR Used Vehicle for their used vehicle importation into Ghana.

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