Ghana's Trading Hub News

From the monthly archives: June 2016

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

Amaris Terminal commences operations in Tema Port

The Port Community has welcomed a new ultramodern export terminal called the Amaris Terminal. Amaris Terminal is a Public Private Partnership between the Ghana Ports and Harbours Authority and Jospong Group of Companies. As a 100% Ghanaian Company, Amaris Terminal is licensed by the Ghana Ports and Harbours Authority to operate as an export terminal at the Tema Port.

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BOG bolsters cedi defences with export tracking

The central bank is seeking to strengthen the cedi’s defences by deploying a new export monitoring platform to ensure the repatriation of all export receipts into the country. Exporters are expected to connect to the new electronic export monitoring platform by July 1, 2016, a notice served by the Central Bank on May 30, 2016 said.

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We’re migrating workers to e-payment platforms - Terkper

The Ministry of Finance has begun the process to decouple the government's human resource setup from its payroll system as it moves to integrate the electronic payment system in its settlement drive. The Finance Minister, Mr Seth Terkper, said that at the media launch of the Ghana National Single Window Strategic Action Plan in Accra on June 15.

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Single Window To Save Ghana $120m

Finance Minster Seth Terkper launched the strategic action plan and roadmap for the implementation of the Ghana National Single Window (GNSW) project in Accra yesterday.The implementation of the proposals in the strategic plan is expected to save the country over $120 million annually and reduce the time and complexity of international trade.

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MPs Call Support for Massive National Single Window Project

Members of the Parliamentary Select Committee on Trade, Industry and Tourism have called for political neutrality in the implementation of the Ghana National Single Window (GNSW) project to avoid political clashes in the country. According to them, the novelty project which aims among others things at reducing delays at the ports should be seen as a nation building reform effort that needs all hands on deck.

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GRA appoints 350 people as Change Agents

The Ghana Revenue Authority (GRA) has appointed 350 Change Agents to aid in the implementation of the change management strategy adopted to co-ordinate all reforms within the authority.The change management strategy follows the integration of the former revenue agencies into the GRA.

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Tema Shipyard workers call for merger with GPHA

Workers of the Tema Shipyard Association are calling on President John Dramani Mahama, to as a matter of urgency merge the management of the facility with that of the Ghana Ports and Harbours Authority (GPHA). This according to them is the only way to make the Tema Shipyard viable and profitable.

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Parliament approves $832m tax waiver for Tema Port expansion

Parliament on Tuesday approved a $832 million tax waiver for the Meridian Port Services limited for the expansion of the Tema Port.Meridian Port Services which is funding the project under a public-private-partnership (PPP) program, is one of three companies involved in a joint venture with the Ghana Ports and Harbors Authority (GPHA) to undertake the Tema Port expansion.

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Importers Advised To Deal With Clearing Agencies Rather Than Agents

This, according to him will reduce the spate at which some unscrupulous clearing agents mislead their clients under false pretense.Speaking in an exclusive interview on “Eye On Port”, a port band maritime flagship program aired on Metro TV on Sundays at 5:30pm and GTV on Mondays 6:30pm, Mr Bakufan said dealing with the agencies will also ensure easy resolutions of concerns raised by importers.

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Container traffic to Tema port dips

According to the Director General of the Ghana Ports and Harbours Authority (GPHA), Mr Richard Anamoo, container traffic to the Tema Port dropped significantly from almost one million in 2013 and 2014 to about 800,000 20-footer equivalent units (TEUs) in 2015.The situation, he said, also affected frozen imports which witnessed a significant drop.

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