Ghana's Trading Hub News

From the monthly archives: October 2016

We are pleased to present below all posts archived in 'October 2016'. If you still can't find what you are looking for, try using the search box.

WORLD BANK: Ghana tops Nigeria as best place to do business in W’Africa

The World Bank has declared Ghana as now the best country for doing business in West African sub region, beating Nigeria to second position, with Ivory Coast in third position.In its yearly report on the Ease of Doing Business, the World Bank said it rated 190 countries, which indicate marginal progress in several areas.According to the rankings, Ghana was ranked as the ninth best place for doing business

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Takoradi container terminal nears completion

Construction works on the Takoradi Container Terminal which forms part of the extension of the Takoradi port is expected to be completed in November.When fully operational, the Takoradi container terminal will have a holding capacity of 7500 tons of imported containers.

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GRA, US partner against narcotics trade

The Ghana Revenue Authority (GRA) and the U.S Customs and Border Protection have entered into a partnership agreement in the form of a Memorandum of Understanding (MoU) to facilitate the exchange of customs intelligence.The agreement seeks to enhance trade and fight the transportation of narcotics and hazardous substances and materials across borders and human trafficking.

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GRA holds open forum for stakeholders

The Ghana Revenue Authority (GRA), as part of its publicity initiative, has held a stakeholders forum in Accra to educate the public on the Custom’s Act and clearance procedures.The forum, themed Ghana’s export and business environment; opportunities and responsibilities, created a platform for Custom’s officials and members of the general public to and others in the businesses community, to deliberate on the new law to enhance understanding.

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CMA CGM suspends terminal fee after Ghana's president protests

FRENCH shipping giant CMA CGM announced that the US$155 per TEU and $265 per FEU terminal handling charge levied at Ghana's Tema and Takoradi ports on July 20 has been suspended.
This follows a protest over the extra charge from Ghana's President John Mahama, who called for the immediate end to terminal charges, reports citi97.3fm news.At the time of its introduction

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Importers and exporters urged to appreciate customs law

mporters and exporters and their agents have been asked to appreciate the country's custom laws and procedures to avoid business discomforts.Mr Godwin Attoh, Deputy Commander, Legal, Custom Division of the Ghana Revenue Authority (GRA), said what those who do business with Customs must know is that any infraction against laws and procedures governing its operations, is punishable.

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Reduce phone prices to reflect tariff reduction- Telecoms Chamber

The Ghana Chamber of Telecommunications has charged phone importers and assembling companies in Ghana to ensure that the reduction on the import duties of phones reflect in their market prices.After a lot of agitation from stakeholders, Finance Minister, Seth Terkper announced in the 2015 Budget that government has reduced tariff on imported handsets from 20 to 10 percent in line with the ECOWAS Common External Tariff(CET).

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GPHA to suspend port services to shipping lines

The Ghana Ports and Harbours Authority (GPHA) has threatened to deny port services to any shipping line who charges terminal handling fees at the ports following a directive asking them to halt charges.The move follows a directive from the GPHA to shipping lines today [Tuesday] to halt charging terminal handling charges at the ports immediately.

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Single Window boosts revenue collection 14.8% in one year

President John Mahama has been touting the benefits of the Ghana National Single Window (GNSW) initiative, announcing that its introduction has seen a 14.8percent rise in revenue collection by the Ghana Revenue Authority since September 2015 when it was introduced.According to him, the GNSW is a positive development for international trade operations and that it will position the country achieve its vision of a diversified economy,

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Ghana must improve trade with other countries- Alhaji Asuma Banda

The Chairman of the Ghana International Chamber of Commerce (ICC), Alhaji Asuma Banda has tasked government to put in measures to ensure smooth trade facilitation between the country and its trading counterparts.This he said will push the country forward and ensure rapid growth and development.

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