Ghana's Trading Hub News

From the monthly archives: April 2016

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

BoG boss pledges to pursue SMEs growth

Dr. Abdul-Nashiru Issahaku, Governor-Bank of Ghana (BoG), has pledged to collaborate with banks in pursuing policies that will contribute to growing the country’s small and medium size companies, and provide incentives to encourage lending to productive sectors of the economy.

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Red Cross vehicle intercepted by CEPS

The Aflao sector of the Customs  division (CD) of the Ghana Revenue Authority (GRA) deflated the diplomatic immunity of the Red Cross Society when it intercepted two 40-footer cargo trucks loaded with uncustomed goods at the Aflao checkpoint.The two trucks were found loaded with 111 cartons of “Fine” brand of King Size filtered cigarettes.

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IDF Direct On PAARS Goes Live

As technology services continue to grow in popularity globally, Ghana has taken the leap step of introducing innovative payment solutions which will bring about reduction in time and cost of doing business in Ghana and cutting all bureaucracies experienced by the stakeholders before now.

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West Blue adopts innovative payment solutions

West Blue, operators of the Single Window Project, has begun the implementation of an innovative payment system that would reduce bureaucracies and ease the cost of doing business at the country’s ports.The payment platform is to enable importers and stakeholders to expedite the clearing regime at the ports and therefore, reduce the turnaround time and the cost of doing business.

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Ghana-Israel Chamber of Commerce in the offing

Ghana and Israel are in the process of establishing a chamber of commerce to boost trade and business between the two countries.Known as the Ghana-Israel Chamber of Commerce, the centre will become operational before the end of the year.According to the Israeli Ambassador to Ghana, Mr Ami Mehl, the centre would be beneficial to both countries as it would facilitate the flow of business from Israel to Ghana and vice versa.

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500 sleeves of unregistered cigarettes destroyed in K'si

The Northern Sector Command of the Customs Division of the Ghana Revenue Authority (GRA) has destroyed over 500 sleeves of foreign unregistered cigarettes valued at GHC10,000.00 at Atonsu waste dumping site, a suburb of Kumasi in the Ashanti Region.
According to the Northern Sector Commander of the Division, A/C Kwasi Ahiapoh, the smuggled cigarettes were seized from smugglers in Ashanti and Brong Ahafo Regions for failure to pay high duty enclosure.

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Innovative Payment Solution Introduced On Pre-Arrival Assessment Reporting System In Ghana

As technology services continue to grow in popularity globally, Ghana has taken the leap step of introducing innovative payment solutions which will bring about reduction in time and cost of doing business in Ghana and cutting all bureaucracies experienced by the stakeholders before now.

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Customs Seizes NDC Man Spare Parts

THE CUSTOMS Division of the Ghana Revenue Authority (GRA), Kumasi Collection, has impounded an articulator truck laden with car spare parts which were heading to the market without the appropriate taxes being paid to the state.The driver of the truck said to be coming from Accra did not use the main Accra-Kumasi road for obvious reasons. The driver, instead, used a different route to escape arrest by Customs officials.

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Ghana gets 15% revenue addition through Natural resources

Earnings from natural resources including oil and gas contributed about 15 percent of total Government of Ghana revenue in 2014, the Extractive Industries Transparency Initiative (EITI) Report says.This was far below that of Nigeria, which is number one in Africa with 96 percent of natural resources contribution to government revenue mainly from crude oil; Chad, 66 percent; Mauritania, 35 percent; Zambia, 32 percent and Cameroon, 31 percent.

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Finance Ministry Introduces Regulation To Monitor Petroleum Revenue Expenditure

The Ministry of Finance is set to complete a Petroleum Revenue Management Regulation to address some controversies associated with the implementation of the Petroleum Revenue Management Act 2011(Act 815).

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