Ghana's Trading Hub News

From the monthly archives: February 2016

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

GRA unfazed by opposition against ECOWAS Tariff system.

The Ghana Revenue Authority (GRA) has downplayed the stiff opposition by some stakeholders against the implementation of the ECOWAS Common External Tariff System at the ports.

The system which came into force on February 1 has been met with some resistance by traders and clearing agents who say it has only increased their cost of operations.But speaking with Joy Business at a press soiree Wednesday, Commissioner General of the GRA, George Blankson insisted the system is the best way of streamlining import duties in the sub-region to the benefit of the local economy.

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Customs Division to investigate seizure of gold at KIA

The Customs Division of the Ghana Revenue Authority (GRA) has initiated full-scale investigations into the seizure of 12 boxes of gold valued at US$18 million at the Kotoka International Airport (KIA).The gold, which weighed 480 kilogrammes, was impounded last Wednesday by security officials at the KIA in what they described as a syndicated attempt to smuggle the commodity out of the country without the necessary authorisation.A source close to the KIA told the Daily Graphic that the gold deal was uncovered upon a tip off.It said the timely intervention of the security officials led to the retrieval of the 12 boxes of gold which were ready to be exported by Emirates Airlines without any form of documentation and inspection.

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Ghana chairs Union of African Shippers Council

The Chief Executive Officer of the Ghana Shippers Authority, Dr Kofi Mbiah, has been elected Chairman of the Union of African Shippers Councils (UASC) for the next two years.
Burkina Faso was elected Vice-Chairman with the Statutory Treasurer position going to Cameroon.
Others include Rapporteur Numbers one and two, Benin and Angola respectively while the Chairman for the Permanent Committees one and two went to Nigeria and Cote d’ Ivoire.
The first and second Auditors position went to Congo Brazzaville and Togo.

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Ghana restricts poultry meat imports

Ghana’s Ministry of Food and Agriculture appears to be proposing a policy aiming to reduce poultry imports and improve local production, according to Citi FM Online of Ghana.Statistics available at the ministry indicate that only 42 percent of poultry meat consumed in Ghana is from domestic suppliers, with the remaining 58 percent are imported from the European Union and the United States.Speaking to the news agency during a recent tour of Tema Harbour, Deputy Minister of Food and Agriculture (MoFA), Dr. Hannah Bissiw, confirmed the government’s commitment to revamp the country’s agricultural sector and maintain job opportunities in the sector.

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National Single Window gets stakeholders’ approval

Players in the sea-trade industry comprised of freight forwarders, importers and exporters, and related sector actors have praised the Customs Division of the Ghana Revenue Authority (GRA) and its technical partners West Blue Consult and GCNet for what they described as a “successful” implementation of the National Single Window’s first phase.
According to some stakeholders, components of the new system -- specifically the Pre-Arrival Assessment Reporting System (PAARS) -- have significantly improved clearance time for goods at the ports, and has brought some relief to the industry.

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Ghana, U.S. conclude Africa Maritime Law Enforcement operations

Ghanaian and U.S. maritime forces completed Africa Maritime Law Enforcement Partnership (AMLEP) operations on 16 February.
The combined Ghana-U.S. efforts—an example of the Global Network of Navies—improved interoperability and both nation’s capability to deter illicit activity that threatens freedom and security in the global commons, the US Navy said.
“We are immensely proud of a particular success our team accomplished this past weekend. For more than two days our nations tracked and trailed a potential pirate vessel transiting west through the Ghanaian economic exclusion zone. Upon notification, Ghanaian and coalition partners began working together to react to the illicit platform, using the Gulf of Guinea relationships and networks we together are devoting our energy to strengthening,” said Capt. Heidi Agle, Commodore, Military Sealift Command Europe and Africa/Commander, Task Force 63.

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Ghana invests more in Transport, Communications and Energy sectors

The Minister for Finance, Mr. Seth Emmanuel Terkper, has disclosed that, to contain the risks to the economy, government has, over the last 2½ years, invested heavily in infrastructure and human settlements development.
Addressing a news conference in Accra, last Tuesday, on the theme: “Ghana—The Turn-Around Story”, Mr. Terkper identified the Transport, Communications and Energy sectors as areas where government had made significant strides.
On the transport sector, he mentioned the expansion of the Kotoka and Tamale International Airports, expansion of Tema and Takoradi harbors and the provision of 116 buses for public road transport as some of the achievements in the area of Transport

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Coalition wants swift passage of trade facilitation agreement.

The International Chamber of Commerce (ICC)-led coalition for trade facilitation is arguing strongly for the ratification and implementation of the Trade Facilitation Agreement (TFA).That it believes will help to address the myriad of challenges faced by cross-border traders.The Secretary General of the ICC Ghana Coalition, Mr Emmanuel Doni-Kwame, indicated that the holistic and efficient implementation of the agreement could have a major impact on bringing down trade transaction costs.Speaking at the Coalition’s stakeholder workshop on the TFA in Accra, he said: “There is the need to be constantly updated on new developments within the existing multilateral arrangements which have an impact on the country’s economic development within the context of globlisation.

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Mintah: Customs Revenue Went up by 20% in Two Years

Managing Director and Chief Executive Officer of West Blue Consulting, Valentina Mintah, in this interview with select journalists, spoke on how the Single Window Trade project has helped shore up revenue generated by the Nigeria Customs Service. John Iwori presents the excerpts:
What we Do
We are primarily an IT firm that works on automating processes. We are generalists, but we tend to have specialism in Customs and trade facilitation arena, and that is what we have been known for. So generally, we are an IT company looking at automating processes. We differentiate ourselves from others because we don’t believe IT is the end result; it is only an enabler. So we try to understand everything else before we bring IT into it. We always adopt the four Ps in our processes. We look at the people first. We ask ourselves. Who is going to use the system? How do they think? What are they looking for? What are their current challenges? Being African, we understand our own people. We understand our challenges and we understand our strength and weaknesses. That is why we excel in our operations.

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Kotoka International Airport CEPS exceeds revenue target for 2015

The Kotoka International Airport (KIA) Collection of the Customs Excise and Preventive Service (CEPS) exceeded its revenue target for the year 2015.

“The Service was charged to collect a revenue target of GHC 472,560,000.00, and we were able to collect GHC 480,259,241.64”,  Mr. Isaac Tetteh Djan Abbey, Sector Commander of the KIA CEPS Collection, said on the occasion of the end of year get together of the Service.He mentioned commitment and dedication of staff, good policies by management such as the introduction of compliance measures, where the performance of staff was electronically monitored, as well as intensive training programmes, as some of the reasons for the achievement.

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