No Result
View All Result
Saturday, January 28, 2023
Citi Business News
  • Home
  • News
    • All
    • Agriculture
    • Economy
    • General
    • Government
    • Local Economy
    • Top Stories

    Govt strikes deal with Insurance Association on debt exchange programme

    We must invest in crucial infrastructure to accelerate AfCFTA’s success– Bawumia to African Leaders

    NCCE Chairperson pays courtesy call on BoG Governor

    Feed Africa Summit: African Development Bank to commit $10bn to make continent breadbasket of the world

    Accra never sleeps, neither does The Cosmopolitan …The Cosmopolitan now runs 24/7 [ARTICLE]

    Tax on agro inputs a threat to agribusiness and food security – Analysts

    Completely exempt individuals from DDEP over GAB agreement – Senyo Hosi to govt

    Assin State College receives Dano “Inner Strength” Award

    Government and Association of Banks reach agreement on DDEP

  • Business
    • All
    • Agribusiness
    • Banking And Finance
    • Manufacturing
    • Markets
    • Mining
    • Oil And Gas
    • Real Estate
    • Tourism
    • Transport

    Government and Association of Banks reach agreement on DDEP

    DDE: Banks secure 5% coupon for 2023; other revisions

    Cocoa bill payment; BoG, COCOBOD others agree to roll over maturing investments

    AfriCatalyst to host conference on use of Special Drawing Rights to accelerate economic transformation

    Banks seek shorter maturities in local debt-swap deal

    Zenith Bank ceases trustee services in unit trust schemes in Ghana

    Gold for oil policy will reduce pressure on forex – Bawumia

    Ghana best place for business – Nana Addo woos UAE investors

    Registrar of Companies increases fee for business registration

  • TECHNOLOGY

    MTN to fight $773m tax bill from government

    Telcos to implement 1% E-Levy charge from today

    Huawei Equips 500 Traders in FinTech

    Africans urged to bolster adoption of Bitcoins

    What does 2023 hold? Predictions in payments for the year ahead for Africa

    Meta considered building a Twitter competitor to capitalize on Elon Musk’s ‘crisis’ at company

    E-commerce in Ghana – statistics & facts

    Telcos ready to begin deactivating unregistered SIMs – Chamber of Telecommunications

    Malagasy delegation completes tour of Ghanaian Fintechs and MFIs

  • INTERNATIONAL
    • All
    • Africa
    • Asia
    • Europe
    • Middle East
    • US

    Feed Africa Summit: African Development Bank to commit $10bn to make continent breadbasket of the world

    Nigeria’s national debt hits an all time as the country struggles with repayment

    What does 2023 hold? Predictions in payments for the year ahead for Africa

    Nigeria set to stop importation of refined oil and refine its own oil by 2023

    EIU analysts forecast grim economic outlook for Africa in 2023

    AUDA-NEPAD holds workshop for Youth and Media on AU Year of Nutrition

    Agribusiness entrepreneurs must take advantage of AfCFTA – ADB MD.

    Inflation, debt, and forex crisis is pushing many African economies to the brink – IMF warns

    African countries that could follow Sri Lanka into economic chaos

  • FEATURES
  • Videos
Citi Business News
  • Home
  • News
    • All
    • Agriculture
    • Economy
    • General
    • Government
    • Local Economy
    • Top Stories

    Govt strikes deal with Insurance Association on debt exchange programme

    We must invest in crucial infrastructure to accelerate AfCFTA’s success– Bawumia to African Leaders

    NCCE Chairperson pays courtesy call on BoG Governor

    Feed Africa Summit: African Development Bank to commit $10bn to make continent breadbasket of the world

    Accra never sleeps, neither does The Cosmopolitan …The Cosmopolitan now runs 24/7 [ARTICLE]

    Tax on agro inputs a threat to agribusiness and food security – Analysts

    Completely exempt individuals from DDEP over GAB agreement – Senyo Hosi to govt

    Assin State College receives Dano “Inner Strength” Award

    Government and Association of Banks reach agreement on DDEP

  • Business
    • All
    • Agribusiness
    • Banking And Finance
    • Manufacturing
    • Markets
    • Mining
    • Oil And Gas
    • Real Estate
    • Tourism
    • Transport

    Government and Association of Banks reach agreement on DDEP

    DDE: Banks secure 5% coupon for 2023; other revisions

    Cocoa bill payment; BoG, COCOBOD others agree to roll over maturing investments

    AfriCatalyst to host conference on use of Special Drawing Rights to accelerate economic transformation

    Banks seek shorter maturities in local debt-swap deal

    Zenith Bank ceases trustee services in unit trust schemes in Ghana

    Gold for oil policy will reduce pressure on forex – Bawumia

    Ghana best place for business – Nana Addo woos UAE investors

    Registrar of Companies increases fee for business registration

  • TECHNOLOGY

    MTN to fight $773m tax bill from government

    Telcos to implement 1% E-Levy charge from today

    Huawei Equips 500 Traders in FinTech

    Africans urged to bolster adoption of Bitcoins

    What does 2023 hold? Predictions in payments for the year ahead for Africa

    Meta considered building a Twitter competitor to capitalize on Elon Musk’s ‘crisis’ at company

    E-commerce in Ghana – statistics & facts

    Telcos ready to begin deactivating unregistered SIMs – Chamber of Telecommunications

    Malagasy delegation completes tour of Ghanaian Fintechs and MFIs

  • INTERNATIONAL
    • All
    • Africa
    • Asia
    • Europe
    • Middle East
    • US

    Feed Africa Summit: African Development Bank to commit $10bn to make continent breadbasket of the world

    Nigeria’s national debt hits an all time as the country struggles with repayment

    What does 2023 hold? Predictions in payments for the year ahead for Africa

    Nigeria set to stop importation of refined oil and refine its own oil by 2023

    EIU analysts forecast grim economic outlook for Africa in 2023

    AUDA-NEPAD holds workshop for Youth and Media on AU Year of Nutrition

    Agribusiness entrepreneurs must take advantage of AfCFTA – ADB MD.

    Inflation, debt, and forex crisis is pushing many African economies to the brink – IMF warns

    African countries that could follow Sri Lanka into economic chaos

  • FEATURES
  • Videos
No Result
View All Result
Citi Business News
No Result
View All Result

GRA holds open forum for stakeholders

bycitibusinessnews
October 30, 2016
in Government, Local Economy, Top Stories
George Blankson is Commissioner General of the GRA

George Blankson is Commissioner General of the GRA

Share on FacebookShare on TwitterShare on Whatsapp

The Ghana Revenue Authority (GRA) has held a stakeholders forum in Accra to educate the public on the Custom’s Act and clearance procedures.

The forum, themed Ghana’s export and business environment; opportunities and responsibilities, created a platform for Custom’s officials and members of the general public to and others in the businesses community, to deliberate on the new law to enhance understanding.
The Customs officials made presentations, in turns, on– Customs acts (2015) 891, clearance procedure/ valuation of used motor vehicles, State Warehousing, Courier regime and the national single window project

Godwin Attoh, member of the Board Secretariat Services of GRA, in explaining the nuances of the Customs Act to the stakeholders,  said the object of the new Act was to revise and consolidate the law relating to the imposition of custom duties on imports and exports as well as provide related matters to meet the demands of compliance, while it facilitates international trade and optimizing revenue collection.

ADVERTISEMENT

John Nana Acquah, Officer In Charge of State Warehouse at the Kotaka International Airport (KIA), explained to the participants that the state warehouse is a place approved by the Commissioner-General of GRA for the deposit of all goods which have flouted or have not complied with Customs laws, process or regulation.

“We do so because we are awaiting the payment of the requisite duties and taxes, and/or also for the security of the goods,” he said.

He noted that after goods are sent to the warehouse, owners can pay duties and taxes and clear them, while  goods could either be gazetted and sold in public auction, destroyed or disposed off  by the Commissioner-General.

On vehicle importation, Senior Revenue Officer Lemmy Kwawu, explained that to determine the duty of an imported car the age of vehicle, cylinder capacity of engine, utility of vehicle, Home Delivery Value (HDV) and freight are considered thoroughly before they are passed.

Implementation of Single Window project

The General Manager of WestBlue Consulting, Mr. Uthman Aminu, in his presentation on the Ghana National Single window project explained that the Ghana National Single Window system provides the platform for an integrated clearance process to minimize the human factor as much as possible and, to a large extent help to reduce the processing time for trade documents.

“To facilitate this WestBlue developed the Pre-arrival Assessment Reporting System (PAARS)  which is already having a dramatic impact on the time required to do business and the other elements of the programme such as Integrated Risks Assessment, IDF, and e-letter of credit,” he said.

He revealed that the successful implementation of the PAARS has increased revenue generation at the Tema and Takoradi ports.

GRA revenue in 2015

Revenue mobilised by Customs Division of GRA in 2015 increased by 1.66 per cent as a result of the implementation of the PAARS. The revenue target for 2015 was GH¢8036.23 million however GH¢8169.55 million was realized.

Mr. Aminu observed that after some months of the implementation of the trade facilitation system, it has reduced the cost of doing business at the Tema and Takoradi ports.

“GNSW reduces cost and time at the ports since the introduction of the GNSW’s PAARS last year, traders are able to access Customs Classification and Valuation Report (CCVR) within 48 hours”, he revealed.

“ WestBlue estimated that the GNSW project would reduce the cost and time of international trade (import, export and transit) in Ghana by 50 per cent and 25 per cent respectively over the next five years,” he said.

Mr. Aminu explained that the GNSW would have a huge impact on the international competitiveness of Ghanaian business and this could result in a strong growth in the country’s international trade performance.

–

By: citibusinessnews.com/Ghana

Related Posts

Local Economy

Govt strikes deal with Insurance Association on debt exchange programme

bycitibusinessnews

The government and the Ghana Insurers Association (GIA) have made headway on the terms of the Domestic Debt Exchange Programme...

Read more

We must invest in crucial infrastructure to accelerate AfCFTA’s success– Bawumia to African Leaders

NCCE Chairperson pays courtesy call on BoG Governor

Tax on agro inputs a threat to agribusiness and food security – Analysts

Completely exempt individuals from DDEP over GAB agreement – Senyo Hosi to govt

Assin State College receives Dano “Inner Strength” Award

Government and Association of Banks reach agreement on DDEP

Next Post
President of AGI, James Asare Adjei

AGI urges local businesses to consider partnership

Video on Demand: Business Weekly

ADVERTISEMENT
Citi Business News

© 2019 Citi Business News - CitiBusinessNews.com by CNR Digital.

Navigate Site

  • Home
  • News
  • Business
  • TECHNOLOGY
  • INTERNATIONAL
  • FEATURES
  • Videos

Follow Us

No Result
View All Result
  • Home
  • News
  • Business
  • TECHNOLOGY
  • INTERNATIONAL
  • FEATURES
  • Videos

© 2019 Citi Business News - CitiBusinessNews.com by CNR Digital.