Ghana's Trading Hub News

From the monthly archives: January 2018

We are pleased to present below all posts archived in 'January 2018'. If you still can't find what you are looking for, try using the search box.

COCOBOD eyes Chinese market

Ghana Cocoa Board (Cocobod) is vigorously exploring prospects in the Chinese market for the country’s premium cocoa products, for which reason meetings have been ongoing between the two sides.Cocobod also plans to make a good showing at the maiden China International Import Exposition to be held in Shanghai from November 5, 2018 to November 10, 2018.“A team from the Cocobod has already met officials at the Chinese Embassy; we have, again, met in Accra and our officers have started putting things together and it is because Cocobod wants to enter and explore the huge

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DVLA rakes in GH¢19.8m in January after cutting out ‘goro boys’

The Driver and Vehicle Licensing Authority (DVLA) has recorded an astronomical jump in revenue from its roadworthiness certificate renewals in January after the implementation of its smart card system.The authority collected GH¢19.8 million from roadworthiness certificate renewals from January 1 to 25, this year, as against a little more than GH¢2.6 million recorded in January 2016 and GH¢2.7 million in January 2017.According to the Chief Executive of the authority, Mr Kwasi Agyeman Busia, the increase in revenue was as a result of the introduction

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GEPA targets $250m cashew export earnings

The Ghana Export Promotion Authority (GEPA) has expressed optimism of reaping a significant increase in cashew export earnings, targeting over US$250 million from international trade of the commodity in 2018.Cashew is currently the leading agricultural non-traditional export (NTE) earner. In 2016, it fetched the country US$197 million, representing 53% of the total export revenue generated by agricultural NTE.“The expectation results from commencement of the mass spraying exercise being funded by government,” Mr. Adjei Yeboah, Director for Cashew-GEPA, told the B&FT.

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EU to offer duty-free access to Ghana’s exports

Ghana’s exports to the European Union (EU) market would enjoy duty-free and quota-free access under the Economic Partnership Agreement (EPA).This was contained in a joint communique issued after the Ghana-EU Interim Economic Partnership Agreement (iEPA) maiden meeting in Accra, on Wednesday.It said under the EPA, it would provide all Ghana’s exports, agricultural or manufactured products to the EU market duty-free and quota-free, while Ghana would gradually and partially liberalise imports from the EU.

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Ghana Revenue Authority marks 65th World Customs Day

Ghana Revenue Authority (GRA) has marked the 65th International Customs Day celebration in Accra under the theme “A Secure Business Environment for Economic Development”.The day which is celebrated worldwide on January 26 is to appreciate the efforts of Customs officers and to recognize the role Customs play in securing the safety of countries’ ports.Speaking at the event in Accra Friday, the Deputy Finance Minister, Kweku Kwarteng said, the theme for this year’s celebration defines “the needs of our times”.

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Danish delegation visits Ghana Customs

A delegation from Denmark consisting of members of their Ministry of Foreign Affairs, Ministry of Development Cooperation and Ministry of Taxation, has paid a courtesy call to the Customs Division of the Ghana Revenue Authority (GRA).They were hosted by the Commissioner General of the Ghana Revenue Authority, Emmanuel Kofi Nti, who briefed the delegation on their interest in knowing the contemporary developments in the Ghana tax system.He said the Ghana Revenue Authority is putting measures

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New cargo information system won’t bring additional cost — CTN assures importers

Cargo Tracking Notes (CTN) Ghana Ltd has assured importers and their clearing agents that its new advanced cargo information system will not come with additional costs.A Management Consultant, Mr Geoffrey Nyarko Cole, at a forum with members of the Ghana Institute of Freight Forwarders in Tema, said the planned introduction of CTN would not come at extra cost to the importer or the agents.He stated that the new system would rather block the leakages in revenue collection at the ports.

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Paperless regime to cover exports and transit trade

The Ghana Ports and Harbours Authority (GPHA) has said it plans to extend the ongoing paperless clearance of goods at the country’s ports to cover exports and transit trade, even as it tightens processes at the imports section.According to the ports operator, it intends to fully explore the paperless regime to improve overall productivity of the country’s seaports, hence the need to spread its coverage.“We have made some progressive progress with the paperless port regime. We started with imports,

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GRA records 22.3% revenue growth in 2017

The performance of the Ghana Revenue Authority (GRA) in 2017 recorded a nominal growth rate of 22.3% over the 2016 collection figures.GRA collected GH¢32.3 billion (GH¢32,313.37 billion), compared to the GH¢27 billion in 2016.
In 2017, the GRA was tasked to collect GH¢33,434.20 billion. As of the end of the year, the provisional collection figure is GH¢32,313.37 billion. This represents a shortfall of GH¢1.1 billion (GH¢1,120.83 million), a negative deviation of 3.4%.

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Immigration Service, CEPS call for effective collaboration among personnel

The Comptroller-General of the Ghana Immigration Service, Kwame Asuah Takyi, and the Commissioner of Customs Division of the Ghana Revenue Authority, Isaac Crentsil, have called for teamwork, professionalism and effective corroboration among personnel of the two security agencies.They made the call when the two Security Chiefs paid a day’s working visit to the Aflao-Segbe borders in the Volta Region,and took turns to address personnel of both agencies.

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