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Posts Tagged 'Ministry of Finance'

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More cuts to import duties coming

Government has indicated that there will be more cuts to import duties and levies in order to reduce the cost of imported raw materials to boost local production.
Anthony Dzadzra, Director of Revenue Policy Division at the Ministry of Finance (MoF), said: "We need to reduce the cost of importation. Already we are looking at reducing the import taxes on raw materials for production," he said."We have so many raw materials and we are working on this with the Association of Ghana Industries (AGI) to reduce the import duties on selected

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Finance Minister Urges Trading Community to Fully Embrace Single Window

Ghana’s Minister of Finance, Ken Ofori-Atta has urged the trading community to fully embrace the new transparency and compliance level developed through the introduction of the Ghana National Single Window (GNSW) project in the country.According to him, “I see no room for backtracking on this approach and call on all government officials in the various ministries to fully support the effort of our trading community to do their business efficiently and profitably”.

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Single Window To Reduce Cost By 25%---Trade Minister

The Trade and Industry Minister, Alan Kwadwo Kyeremateng, has indicated that importers and exporters will experience a full reduction of administrative charges at the port by 25percent under the implementation of the Single Window.The Sector Minister said Government is expected to achieve an overall reduction in the administrative time and cost of trading internationally by 50percent and 25percent respectively in the next three years under the National Single Window project.

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Ghana invests more in Transport, Communications and Energy sectors

The Minister for Finance, Mr. Seth Emmanuel Terkper, has disclosed that, to contain the risks to the economy, government has, over the last 2½ years, invested heavily in infrastructure and human settlements development.
Addressing a news conference in Accra, last Tuesday, on the theme: “Ghana—The Turn-Around Story”, Mr. Terkper identified the Transport, Communications and Energy sectors as areas where government had made significant strides.
On the transport sector, he mentioned the expansion of the Kotoka and Tamale International Airports, expansion of Tema and Takoradi harbors and the provision of 116 buses for public road transport as some of the achievements in the area of Transport

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