Ghana's Trading Hub News

From the monthly archives: July 2018

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

Ghana To Introduce ‘First Port Duty Rule’

The Government of Ghana intends to implement the First Port Duty Rule at Ghana’s ports in order to tackle smuggling arising from diverted transit goods supposedly meant for landlocked countries such as Burkina Faso, Mali and Niger.
Studies have shown that many of such goods are either unloaded and sold inside Ghana or sent through unapproved routes to the said destinations, thereby depriving both Ghana and the eventual destination the necessary revenue.

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Paperless port saves gov’t blushes…revenue to increase by 30 percent

The recent review of the paperless port reforms, that has seen the reduction of the number of agencies undertaking joint inspections at the ports from 16 to three (3), is expected to lead to a 30 percent growth in government revenue from the ports by the end of the year.The abolishing of the compliance stage of the clearance process— whose function has been taken over by the Customs Technical Services Bureau (CTSB)–also portends a much more perfected process that is able to rake in more revenue for central government.

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Long jump into single window initiative ...Let’s maintain gains

Ghana took a giant leap towards ease of doing business reforms when it introduced the single window platform that provides a comprehensive set of online services to the trading community.With this move, the country became part of the ‘League of Nations’ which had braved the odds to properly automate their customs processes by employing the services of Ghana Community Networks (GCNet) to help establish the new platform.Since its inception in 2002, the platform has yielded positive results, as the Customs Division of the Ghana Revenue Authority (GRA) has consistently exceeded its revenue target, following significant improvement in the processes at the ports.

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GRA Holds Seminar For Custom Officers And Stakeholders

The Ghana Revenue Authority (GRA) has organized a two-day seminar for Customs officials and stakeholders in Tema on the Custom Act 2015 (ACT 891) and related issues.The seminar is to sensitize participants on the provisions of the Act, Legislative Instruments (LI) and other amendments governing the operations of Custom.

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Freight forwarders score paperless reforms 65%

Barely a year into the implementation of the paperless clearance system, the Ghana Institute of Freight Forwarders (GIFF) has scored the initiative 65 per cent for easing business transactions at the ports, although it maintains there is room for improvement.It said the system could have performed better than it had presently done if the compliance stage of the clearance process had been abolished when the system was initiated in September last year.

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ADB strengthens its trade finance system

The Agricultural Development Bank (ADB), is setting up dedicated trade finance desks across the country to make it easy for businesses engaged in import and export trade to transfer money without much stress.Mr John Kofi Mensah, the Managing Director said the aim was to strengthen the country’s trade finance system to boost export trade and investment, while helping to address some of the challenges in the transfer of money outside Ghana.

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Cargo Tracking Note system effective in Ghana

The Ghana Revenue Authority (GRA) informs importers that the Cargo Tracking Note (CTN) System takes effect from July 1st, 2018 (B/L date):

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Secretary General of the Ports Management Association of West and Central Africa (PMAWCA), Mr. Micheal Achagwe Luguje, on Monday 2 July 2018, officially assumed office as Director General of the Ghana Ports and Habours Authority (GPHA).Luguje’s appointment was approved in June by President Nana Addo Dankwa Akufo-Addo, following his decision to sack the erstwhile Director General Mr. Paul Asare. The Director of Tema Ports, Mr. Edward Kofi Osei, was directed to hold forth while Luguje “clears” his desk at the PMAWCA Secretariat in Lagos, Nigeria.

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