Ghana's Trading Hub News

From the monthly archives: February 2018

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

One year of Ghana’s implementation of WTO Trade Facilitation Agreement

The objective of this article is to provide a snapshot on progress of implementation of activities by the Government of Ghana, private sector and development partners since January 2017, when Ghana ratified the WTO Trade Facilitation Agreement.Ghana became the 104th country to ratify the WTO Trade Facilitation Agreement on 4 January 2017. The ratification by Ghana’s parliament gave further boost to the country’s ongoing efforts at implementing trade facilitation reforms in the country.

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GRA To Hit Revenue Target

The Commissioner-General of the Ghana Revenue Authority (GRA), Mr Emmanuel Kofi Nti, has indicated that the authority’s revenue target of GH¢39.8 billion is achievable.It raked in GH¢ 32.3 billion last year, registering a shortfall of GH¢1.1 billion.The figure, however, represented a nominal growth of 22.3 percent over the 2016 collection and was the GRA’s best performance in the past five years.
Mr Nti expressed optimism that through the combination of effective supervisory skills, new initiatives in debt collection, sustained public education and strong application of the tax laws – sanctions

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Tema Chamber Of Commerce reviews paperless process

The Tema Chamber of Commerce has held its maiden forum on the paperless initiative implemented at Ghana’s Ports on 1st September, 2017.Members of the chamber seized the opportunity to assess the paperless system and make known some challenges they have identified.Their major concerns included delay problems with service delivery and poor attitudes that hamper business facilitation within some operators at the port and all stake holding parties at large.

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Ghana Revenue Authority awards staff, taxpayers

The Ghana Revenue Authority (GRA) has honoured some staff and taxpayers of the revenue collection institution at its 2017 edition of the annual GRA Staff and Stakeholders Awards Ceremony in Accra.The glamorous awards night, held at the Movenpick Ambassador Hotel on Friday February, 9, sort to reward loyal working staff who dedicated time and sacrificed their efforts to ensure the seamless running of the institution in the year 2017.The GRA, through the award scheme,

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Ireland signs double taxation agreement with Ghana

Ireland has signed a Double Taxation Agreement with Ghana, an important step to increase trade with West Africa.The Agreement, the first that Ireland has concluded with a West African country, was signed by Ireland’s Ambassador to the Republic of Ghana, Mr. Seán Hoy and Minister of Finance and Economic Planning, Ghana, Mr. Ken Ofori-Atta, at a ceremony in Accra on Wednesday February 7th. Representatives from ESB International, Guinness and Tullow Oil, all of which have a significant presence in the Ghanaian market, were invited to join the Irish delegation at the ceremony.

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Customs urged to promote international trade

The Customs Service Division of the Ghana Revenue Authority (GRA) has been urged to remove all barriers to trade and promote a conducive environment to attract international trade.Deputy Finance Minister Kwaku Kwarteng, speaking on the theme ‘A Secure Business Environment for Economic Development’ at the World Custom Day in Accra said: “The processes and procedures for the importation, exportation and clearance of goods must be convenient, timely and certain”.

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