The Introduction of the Integrated Customs Management Systems at the country’s ports and other entry points has contributed to a significant improvement in revenue mobilization.
According to the Commissioner General of the Ghana Revenue Authority, Rev. Amisshadai Owusu Amoah, the new system has supported the authority to exceed its revenue target by about 30%.
Rev. Owusu-Amoah made this revelation in an engagement with the Customs Uni-pass Agency of Korea (CUPIA) officials when they paid a courtesy call on him as part of an enhanced collaboration between stakeholders and the managers of the ICUMS, Ghana Link.
ICUMs is an electronic customs management system introduced to coordinate cross border trade activities and increase government revenue from the ports.
The project is aimed at reducing delayed clearance of goods at the ports and what government termed as leakage in revenue mobilisation.
Rev. Owusu Amoah also hinted of the significant returns from auctions since the introduction of ICUMs into the e-auction process which is being piloted at some selected ports and centers of the Ghana Revenue Authority.
“Since we introduced the E-auction which is even on the pilot phase, we have seen significant improvement in the returns we get from the auction of cars and goods.
“The last two we did for the goods, we received more than the reserve price for the total cost of the goods that were auctioned and it was a significant deviation from the previous times since the E-auction was introduced,” he noted.
The Minister of Trade and Industry Alan Kyerematen added that plans are on course to ensure that the ICUMs is made robust so that it can withstand the dynamics of the market.
ICUMs has also been enhanced to take care of exports and imports under the African Continental Free Trade Agreement.
Latest Stories
-
Medical Council to enforce specialist distribution nationwide
28 mins -
Fire guts old Fadama market, man reportedly loses GHC800,000
32 mins -
Nacee bemoans low performance fees for gospel artistes
33 mins -
We don’t operate investment platform – GNPC
49 mins -
Ghana Fact-checking Coalition condemns disinformation on voting by Wontumi FM broadcaster
51 mins -
IFRS 17 will augment and accelerate NIC’s efforts to implement risk-based capital – Deloitte
53 mins -
IFRS 17 is one of biggest changes to financial reporting standards in insurance industry – Deloitte
1 hour -
Enimil Ashon: Whose polls do you believe: ‘Global Info or Prof Sarpong?
1 hour -
Ghana Climate Innovation Centre welcomes 25 businesses into Cohort 10
1 hour -
ADB will continue to enhance customer value and service experience – Managing Director
1 hour -
Colour Cure Exhibition highlights art’s role in healing and advocacy
1 hour -
GPL 2024/25: Aduana FC sack coach Yaw Acheampong after poor run
1 hour -
John Dumelo pays ¢10,400 in outstanding fees for visually impaired law student facing deferral
1 hour -
CHRAJ clears Rev. Kusi Boateng of conflict of interest, says he doesn’t own 2 passports with different names
1 hour -
We’ll restore hope by cutting down taxes and avoiding unreasonable borrowing – Ato Forson
2 hours