Ghana's Trading Hub News

From the monthly archives: December 2015

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

Ghana Launches National Single Window

The National Single Window was launched, by the President, John Dramani Mahama, who was represented by the Deputy Speaker of the Parliament and was supported by the Minister of Finance, Hon. Seth Terpker, Minister of Transport, Hon. Dzifa Ativor, Minister of Food and Agriculture,  Hon. Fifi Jwetey, Minister of Trade and Industry,  Hon. Ekwow Garbrah ,the Consultant and CEO of WestBlue Consulting, Ms Valentina Mintah and Commissioner General of Ghana Revenue Authority/chief Host Mr. Blankson George.

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Ghana Economy Set to Improve Next Year

Ghana's economy will expand in 2016 due to increased oil revenues and budget planning, according to Reuters. The West African country will abide by a budget deficit goal set by the International Monetary Fund, and the upcoming 2016 elections will fall under a strict budget regimen. President John Mahama agreed to lower election spending in return for a loan of $1 billion from the IMF. The organization set a deficit goal of 5.3 percent GDP for 2016.

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Single window system to address challenges in doing business

Mr. Seth Terkper, Finance Minister -- confirming the enormous benefits of the implementing the national single window system, lauded the success of the project’s first phase, adding that when fully implemented it will boost trade facilitation by harmonising, standardising, simplifying and, above all, creating a more transparent trade regime in the country through the deployment of information and communication technology.

He directed the Ghana Revenue Authority (GRA) to apply appropriate sanctions against those who abuse the national single window system, as the directive will help improve efficiency in implementing the system.

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Skilled manpower, infrastructure must back single window

Ghana can have a successful National Single Window (NSW) for customs clearance if it complements the automated system with efficient support systems and well developed infrastructure to back it, the Deputy Comptroller General of the Nigerian Customs, Mr Iya Umar Abubakar, has stated.

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International supply chain systems conference begins

The First National Single Window Conference to showcase the country's approach towards the establishment of international supply chain is underway in Accra. The single window is a system of governance in which traditional structures of government are transformed into new arrangements that best serve the needs of citizens and businesses.

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‘Sanction Abusers Of GRA Single Window System’

Hon. Seth Terkper, Finance Minister, who made this known at the opening of a four-day national single window stakeholder’s conference yesterday in Accra, said the directive was to help improve efficiency in the implementation of the system. He lauded the success of the phase one of the single window project, adding that the project, when fully implemented, will boost trade facilitation by harmonizing, standardizing, simplifying and above all creating a more transparent trade regime in Ghana through the deployment of ICT.

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Mahama holds talks with Chinese president

President John Dramani Mahama has held talks with Chinese President, Xi Jinping in South Africa, ahead of today’s opening of the Johannesburg Summit of the Forum on China Africa Cooperation. 
President Mahama who recalled his first meeting with President Xi five years ago, acknowledged the importance China and President Xi's personally attaches to relations with Africa. He hailed China for providing positive developmental and infrastructural support to developing countries and for its role in international affairs.

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Ghana to improve ‘Doing Business Report’ by 50%

Ghana is hoping to rely on the single window system to improve its ranking on the World Bank’s ‘Doing Business Report’ by 50 percent, according to the CEO of West Blue Valentina Mintah. She believes the efficiencies that have been introduced in the valuation and clearance of goods will not only prevent interface dealings at the nation's ports but also improve revenue generation. Speaking on the sideline of a four-day national single window stakeholders’ conference in Accra, Mintah said, “In terms of this reform we are looking at a number of Key Performance Indicators (KPI) we are going to work with.

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Ghana recovers millions in clamp down on tax evaders

The Ghana Revenue Authority has recovered over GHS107 million ($28 million) from tax evaders in a nationwide clamp down conducted by a special task force, an official told Anadolu Agency on Monday.

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