Ghana's Trading Hub News

From the monthly archives: September 2015

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

Customs satisfied with Single Window Scheme

It’s exactly two weeks today since Customs took over the import classification and valuation role with the support of IT firm, West Blue. About 1000 of the reports used by clearing agents have so far been issued. This is below the about 10,000 which used to be issued by the Destination Inspection Companies, DIC’s within the same time period.

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Single window port operations show positive signs

A report on the single window system at the ports has revealed successful operational activities that are making various processes at the ports easier and more effective. This was after customs had successfully taken over the activities of the Destination Inspection Companies (DICs) on September 1, 2015, using the Pre-Arrival Assessment Reporting System (PAARS) as their main tool.

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AfDB commits more funds for infrastructure projects

The Ghana Export Promotion Authority (GEPA) data show that 34% of the country’s Non-Traditional Exports end up in the EU market, 10% in other developed countries, and about 32% for the Economic Community of West African States (ECOWAS) market. Similar studies conducted in Ghana also confirmed that completed and maintained roads lead to 20% increase in trips to hospital, 65% lowering of costs of travelling to market centres, 41% reduction in cost of travelling to welfare facilities, and 23% increase in the price of maize received by farmers -- thereby empowering them financially. The road sector network actually carries about 95% of goods and people.

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Terkper commends GRA for Single Window operation

The Minister of Finance, Mr Seth Tepker has commanded the Ghana Revenue Authority (GRA), Customs Division for their coordination in the implementation of the National Single Window System. The Customs Division on September 1, 2015, begun the implementation of the National Single Window system, which serves as a common platform for stakeholders to process their documents to facilitate trade and reduce the cost and time in import, export and transit trade.

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DICs, Dogbe, DCEs and Disunity: Weekly Wrap-Up from the Morning Man

The staff of the Destination Inspection Companies came to see us. It was their last day at work, and they were concerned that, since government had cancelled their contracts, they were all out of jobs, out of options and out of time. Meanwhile, these were well trained and skilled personnel, so they wanted to petition the President to amalgamate them into Customs, who were now tasked with doing the valuations that the DICs had been doing for a decade and a half. I do have to ask myself: these guys have done our valuation for 15 years, and our ports have leaked revenue for 15 years. They have been in charge for 15 years and corruption has been in force for 15 years. They've had the job for 15 years and we've had people devaluing imports and cheating the people of Ghana out of import duties for 15 years. It's ok. it's enough.

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Single Window System will reduce corruption at the ports- GRA

The Ghana Revenue Authority (GRA), is confident the new Pre-Arrival Assessment Reporting System (PAARS) at the country’s ports will reduce the massive corruption that has characterized shipping operations. 

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IMF approves $116.6m for Ghana

The International Monetary Fund (IMF) Board Tuesday approved the disbursement of $116.6 million to Ghana. A statement issued by the IMF said the approval followed the completion of the first review of Ghana’s economic performance under the programme supported by an Extended Credit Facility (ECF) arrangement “Completion of the review enables the disbursement of $116.6 million, bringing total disbursements under the arrangement to about $233.1 million,” it said.

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Importers & Exporters welcome Single Window System

Importers and Exporters at the Tema Port have embraced the Single Window System introduced by the government for trade facilitation at the Port. When Radio Ghana visited the Port area on Tuesday September 1, importers and exporters were seen going about their usual duties to clear their goods.

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Customs Division takes over DICs

 a modernised environment has been developed by the Customs Division to provide a Pre-Arrival Assessment Reporting System (PAARS) to enhance revenue mobilisation, improve border security and Customs clearance, overcome duplication across regulatory agencies and promote trade facilitation. Meanwhile, the Accra Human Rights Court has dismissed an injunction application aimed at halting the implementation of the planned single window scheme at the ports from today. According a ruling given by Mr Justice J.A. Okwabi yesterday, there was “nothing to protect as the contract had already been signed and ready to be implemented”. The decision to give the contract out to West Blue Ghana Limited has not been without controversy.

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DICs exits in August will set new projections for GRA

The Government is expected to rake in $920 million in profit annually when the Customs Division of the Ghana Revenue Authority (GRA) assumes responsibility for destination inspection of goods at the country’s ports. It is envisaged that the division would, from September 1, 2015, assume control of the classification, valuation and risk management duties from the Destination Inspection Companies (DICs) whose contract with the government comes to an end on August 31 this year. 

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