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We are pleased to present below all posts archived in 'January 2016'. If you still can't find what you are looking for, try using the search box.
All is set for Ghana to fully implement the Common External Tariff (CET) on February 1, 2016.
This follows the successful passage of the CET Act, (Act 905) by Parliament.
The CET is the single tariff rate agreed to by all member states of the Economic Community of West African States (ECOWAS).
The CET regime means that the same tariff will be slapped on an eligible item imported into the ECOWAS sub-region, irrespective of which ECOWAS-member country it lands in.
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The Ghana Revenue Authority (GRA) projects to collect GHS27.59 billion this year (2016), Mr George Blankson, Commissioner General of the Authority, has said.
The Authority exceeded its 2015 target of GHS21.57 billion by GHS620 million at GHS22.17 billion, a 29.3 percent increase over that of 2014.
Mr. Terkper pointed out that the nation cannot underestimate the role of taxes in the lives of the people, no matter how unpopular it may sound, adding that taxation is the price people pay to live in civilized societies.
Customs Division of the Ghana Revenue Authority (GRA) has officially opened its Customs Technical Services Bureau at a colourful ceremony in Accra.
Minister for Finance, Seth Terkper, who represented President Mahama, said automation and transformation at Customs Division of the GRA would offer an interface in the revenue mobilization. He said the introduction of the Single Window is a clear and bold statement of intent by government to address some of the challenges of doing business in Ghana, which is of major concern to both government and the private sector. “Our commitment is to simplify customs and other border procedures for the efficient clearance of goods for import and export.
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