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    IMF likely to reject program with wholesale gov’t subsidies – Prof. Quartey

    Golden Tulip Hotels not sold; leased for 12 years – Management

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    We did no wrong in sale of 260 metric tonnes of slop oil – TOR

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    [From the left] Thomas Abanga (CEO of Abanga Farms & Food Systems), Selma Ashipala Musavyi (Namibia High Commissioner to Ghana), Dr. Benjamin Sasu (Head of Food Safety), Mrs. Chariti Gbadawo (Director at the Ministry of Foreign Affairs & Regional Integration) ), Prof Bani (Board Chairman, Abanga Farms and Food Systems) and Clarence Zamuee (MEATCO Rep)

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    Financial transactions will be allowed even without Ghana card from 1st July – GAB assures

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    IMF likely to reject program with wholesale gov’t subsidies – Prof. Quartey

    ‘Seeking IMF bailout doesn’t mean e-levy has failed’ – Oppong Nkrumah

    ‘Our IMF negotiations will be in best interest of Ghanaians’ – Oppong Nkrumah

    IMF team arrives in Ghana on Tuesday ahead of Wednesday’s bailout talks

    Golden Tulip Hotels not sold; leased for 12 years – Management

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    IMF likely to reject program with wholesale gov’t subsidies – Prof. Quartey

    Golden Tulip Hotels not sold; leased for 12 years – Management

    Tullow Ghana awards KNK contract to Petrofac as part of transformation project

    We did no wrong in sale of 260 metric tonnes of slop oil – TOR

    Increase investments in digitisation platforms to ensure safe trade transactions under AfCFTA – BoG

    Fuel prices to go up as NPA announces restoration of UPPF margin

    [From the left] Thomas Abanga (CEO of Abanga Farms & Food Systems), Selma Ashipala Musavyi (Namibia High Commissioner to Ghana), Dr. Benjamin Sasu (Head of Food Safety), Mrs. Chariti Gbadawo (Director at the Ministry of Foreign Affairs & Regional Integration) ), Prof Bani (Board Chairman, Abanga Farms and Food Systems) and Clarence Zamuee (MEATCO Rep)

    Ghana’s Abanga Farms & Food Systems and Namibia’s Meatco in big partnership

    Gov’t still plans on tabling a legislation to compel banks to lend to the Agric sector – Agric Minister

    Financial transactions will be allowed even without Ghana card from 1st July – GAB assures

  • TECHNOLOGY

    Node 8, HTU hold first edition of Node X in Ho

    Financial transactions will be allowed even without Ghana card from 1st July – GAB assures

    Losses due to fraud in banking sector in 2021 up by 144%; hits GH¢61m – BoG report

    BoG, CSA deepen collaboration to fight cyber threats

    Dr. Bawumia unveils Ghana’s first Tier IV data centre

    ADB pioneers in global remittance services in Ghana [ARTICLE]

    Introduction of GhanaPay complements efforts to capture the unbanked into digital payments ecosystem – Veep

    #CitiBusinessFestival: How the country can take advantage of the “Ghana Opportunity”

    Chamber of Telecommunications calls for more investment into Technology to improve livelihoods

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    Ivory Coast is set to receive $26.1 billion worth of development finance from 4 lenders, the EU and France

    Gulf central banks, Bank of England raise policy rates after Fed hike

    US Fed meets inflation surge with 75bp hike

    As Nigeria’s inflation rate accelerates to 17.71%, the World Bank warns millions could face extreme poverty

    Modern airline tickets design with flight time and passenger name. Plane tickets vector pictogram. Airline boarding pass template. Vector illustration. The concept of air transportation

    Ticket prices to rise following B.A schedule change on Accra-London-Accra route

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UNIPASS kicks off in February despite freight forwarders’ resistance

byPius Amihere Eduku
February 3, 2020
in Business, Local Economy, Transport
Kwaku Kwarteng - Deputy Minister of Finance

Kwaku Kwarteng - Deputy Minister of Finance

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Barring any last-minute change, the government will commence the implementation of a new platform for the recording of imports and exports at the country’s ports this month.

Though widely known as the UNIPASS system, a Deputy Finance Minister, Kwaku Kwarteng explains that the eventual rollout will see to the outdooring of a new name for the platform altogether.

The new platform is to replace the work currently carried out by the Ghana Community Network Services Limited, GCNet as well as Customs World or West Blue Consulting.

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Proponents of the new system say it has the ability to help the government block revenue shortfalls that have plagued the customs division of the GRA for some time now.

Despite initial plan to get the new system to roll out in January 2019, concerns over issues such as the trade facilitation fee (0.75%) which was higher than that of GCNet and West Blue altogether (0.68%), plus some court cases over allegations of pirated software, led to its suspension.

But a Deputy Finance Minister, Kwaku Kwarteng in an interview with Citi Business News justified the government’s decision to sail through with the plan this month.

“I am confident that the new system will also provide opportunity to deal with some of the weaknesses that we have had in respect of irregularities and revenue leakages because the new system is more robust and it responds to the challenges that we have seen working with the multitude of vendors that we have within customs management right now,” he said.

Mr. Kwarteng further intimated of a possible name change eventually, “It won’t be called UNIPASS as that was the name given by those who are building the system for us. But it is our system, we are paying for it with the taxpayers’ money, we will give it an appropriate name on the day we outdoor it.”

Meanwhile, the Ghana Institute of Freight Forwarders (GIFF) has strongly opposed the move citing possible distortions to trade facilitation.

“We are the front-end users of this technology so if you do not get us involved in initiating these policies, then it will be a recipe for chaos. Where we stand now, we are confused so unless we sit down to get to know really what this is. To tell you the truth, we are comfortable with what we have is there is not anything that a perfect system and it is our critique and hard work that has brought us to this point,” the President, Eddie Akrong noted.

The contract signed between the government of Ghana and West Blue Consulting which provides a platform for the integration of systems at the country’s ports to facilitate trade while reducing transactional time expires in December 2020.

The government’s agreement with GCNet which also engages in trade facilitation activities at the ports also expires in 2023.

However, with the decision to go ahead with the new platform, it is still unclear what becomes of the companies for the number of years they have to work until their respective agreement dates expire.

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