Tag: GUTA
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GUTA urges GRA to fix UNIPASS challenges to prevent high cost of demurrage
The Ghana Union of Traders Association, GUTA, is appealing to government to speedily fix the challenges that have bedeviled the implementation of the Ghana Revenue Authority’s new Integrated Customs Management Systems, (ICUMS), also known as UNIPASS. According to them, the existing difficulties with the system which are causing delays is pushing them to pay more…
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Businesses react to BoG’s decision to maintain policy rate at 14.5%
In the wake of the COVID-19 pandemic and its impact, Ghanaian businesses had been looking forward to a further reduction in the policy rate by the Bank of Ghana. The policy rate, which is the rate at which the central bank lends to commercial banks, and is also used by banks to calculate their base…
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GUTA demands modalities for disbursement of GHS600m loan to SMEs
The Ghana Union of Traders’ Association (GUTA), has asked government to come out with its modalities for the disbursement of the GHS 600 million loan support scheme for small and medium scale enterprises, (SMEs). The Association says the nature of the operations of its members, their huge numbers and capital needs, require that they have…
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Shippers’ Authority explains delays in implementing suspended demurrage and rent charges
The Ghana Shippers’ Authority says the processes for removing demurrage and rent charges on goods that were at the ports during the partial lockdown period is still ongoing. The assurance follows a directive from the Ministry of Transport to Shipping lines to waive all demurrage and rent charges imposed on goods within the partial locked…
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Freight Forwarders threaten demo against shipping lines over ‘illegal’ charges
The Concerned Freight Forwarders and Traders Association (COFT), has threatened to embark on a massive demonstration at the Tema Port to protest against the failure of shipping lines to heed to government’s directive not to collect ‘demurrage and rent charges’ on cargo for the period of the partial lockdown. Speaking to Citi Business News, the…
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GUTA requests 3-week grace period for members to mobilize funds to clear goods
The Ghana Union of Traders’ Association (GUTA), is appealing to government to give its members a three-week grace period to mobilize funds to clear their goods from the country’s various ports amidst the novel Coronavirus pandemic. Their concerns come barely a week after the Ghana Shippers’ Authority officially informed the Ghana Ports and Harbours Authority,…
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Gov’t suspends demurrage and rent charges for cargo during partial lockdown
As part of measures to mitigate the economic impact of the novel Coronavirus (COVID-19) on businesses, the Minister of Transport, Kwaku Ofori-Asiamah, has directed the Ghana Shippers’ Authority to suspend all applicable charges such as demurrage or detention and storage rent charges on all cargo that have remained uncleared since the partial lockdown came into…
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COVID-19: Halt demurrage and rent charges at the ports – GUTA to GPHA
The Ghana Union of Traders’ Associations (GUTA), is calling on government to compel the Ghana Ports and Harbours Authority (GPHA) and the shipping lines to refrain from claiming ‘demurrage and rent charges’ on cargo at the country’s ports during the period of the partial lock-down amidst the COVID-19 pandemic. Demurrage is a charge payable to…
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GUTA leadership demands to play a role in disbursement of GHS600m SMEs loan
The Ghana Union of Traders’ Association (GUTA), has petitioned government asking that its leadership is selected to be part of the Committee that will manage the disbursement of the GHS600 million loan support scheme for small and medium scale enterprises, (SMEs). According to them, this will ensure that funds are distributed in a fair and…
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GUTA commends Gov’t on GHS600m loan support scheme for SMEs
The Ghana Union of Traders, GUTA, says it is looking forward to clarity from government on the modalities for the disbursement of the GHS600 million loan support scheme for Small and Medium Scale Enterprises, SMEs. President Akufo-Addo on Sunday, April 5, announced that the scheme, in collaboration with the National Board for Small Scale Industries,…