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
-
World-first gonorrhoea vaccine launched by NHS England as infections soar
2 minutes -
EU plans €2 fee on small parcels in hit to Shein and Temu
19 minutes -
Doubts over whether Brits can use EU e-gates this summer
30 minutes -
Trump pressures Republicans to back his ‘big beautiful’ tax bill
43 minutes -
Zelensky accuses Russia of ‘buying time’ to stall truce talks
55 minutes -
Man who helped smuggle more than 3,000 people into Europe jailed
1 hour -
Jennifer Lopez sued in copyright case for posting photos of herself
1 hour -
US congresswoman charged with assault outside immigration centre
2 hours -
Court orders mental evaluation for extradited Togolese robbery suspect
2 hours -
Police destroy 120 changfang machines at Wassa Gyapa
3 hours -
‘Order from above’ keeps traders on the streets – Dr Oduro Osae
3 hours -
Lax bylaw enforcement to blame for traders’ street chaos – Dr Oduro Osae
4 hours -
Dram Oil requires recoveries from Alfapetro Ghana Ltd in alleged contract breach
4 hours -
Reduce squad size or I’ll quit – Guardiola to Man City
4 hours -
Talensi schoolgirls abandon classrooms for ‘wife duties’ at illegal mining sites
5 hours