Ghana's Trading Hub News

From the monthly archives: January 2017

We are pleased to present below all posts archived in 'January 2017'. If you still can't find what you are looking for, try using the search box.

Govt assesses impact of tax cuts. Results to feature in 2017 budget — Larbi-Siaw

The Ministry of Finance is assessing the impact of the various tax reduction promises made by the ruling New Patriotic Party (NPP) in the run-up to the December 7 general election, a tax policy advisor at the ministry, Dr Edward Larbi-Siaw, has said.He explained that the ministry was currently undergoing an impact assessment exercise of the tax cuts promised by the new administration in order to ascertain the necessary adjustment to make in the 2017 budget statement.

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Ghana Reforms- World Bank Ease of Doing Business.

In the area of trading across borders, the reforms recorded by Doing Business in 2015/16 span a wide rangefrom building or improving hard or soft infrastructure for trade to joining customs unions, digitizing documentation and introducing risk-based inspection systems. These varied endeavors highlight the complexity of international trade Ghana is among the economies that heavily invested in electronic systems to facilitate trade. In September 2015

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Shippers, traders want hassle-free port operations

Several business groups in have expressed optimism that the year 2017 will be a better one than the year 2016.Speaking in separate interviews with the GPHA’s Eye on Port on their expectations for the 2017 business year, the Ghana Union of Traders Association (GUTA) the Ghana Institute of Freight Forwarders (GIFF) Importers and Exporters Association, Greater Accra Regional Shippers Council (GARSC) and the Customs Brokers Association of Ghana (CUBAG) were all unanimous in their expectations.

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Common External tariff key to reduction in smuggled Goods

The Director of Foreign Trade at the Ministry of Trade and Industry, Mr. Anthony Nyame Baafi has said the implementation of the Common External Tariff will significantly reduce smuggling of goods across national borders.He said one of the main instruments that the West African regional body ECOWAS can use to foster regional integration is the Common External Tariff (CET) which has been successfully passed in Ghana.Mr. Nyame Baafi said this at a workshop on “Exporting to the ECOWAS and EU Markets” funded by Trade Related Assistance and Quality Enabling Programme (TRAQUE) in Tamale.

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Trade facilitation: Ghana ratifies WTO agreement ahead of Nigeria

Ghana has again moved ahead of Nigeria to ratify its World Trade Organisation (WTO) Trade Facilitation Agreement becoming the 104th WTO member to do so.In August 2016, the Minister of Industry, Trade and Investment, Dr Okechukwu Enelamah, disclosed that the Federal Executive Council (FEC), had approved Nigeria’s ratification of an agreement by the WTO, but the country is noticeably missing on the list of nations that have ratified the agreement.

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Ghana ratifies the Trade Facilitation Agreement

Ghana has ratified the Trade Facilitation Agreement (TFA), making it the 104th WTO member to do so. Only six more ratifications from members are needed to bring the TFA into force.

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