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Trade News

Each day TFO Canada publishes a sample of trade news on the Canadian import market along with any new, updated or changed regulations and legislations regarding international trade; countries in which TFO Canada offers services and on the export sectors which it promotes.


Ghana to improve ĎDoing Business Reportí by 50%

Friday, December 04, 2015 > 09:56:42

(Starr FM Online)

Ghana is hoping to rely on the single window system to improve its ranking on the World Bank’s ‘Doing Business Report’ by 50 percent, according to the CEO of West Blue Valentina Minta.

She believes the efficiencies that have been introduced in the valuation and clearance of goods will not only prevent interface dealings at the nation's ports but also improve revenue generation.

Speaking on the sideline of a four-day national single window stakeholders’ conference in Accra, Minta said, “In terms of this reform we are looking at a number of Key Performance Indicators (KPI) we are going to work with.

“One of the speakers talked about the World Bank ease of doing business trading across borders ranking, back in 2015 Ghana was ranked 120 out of 180 plus countries where the cost of doing business is measured amongst other indices. So the KPI we have set ourselves is to be 50 percent improved in three years.”

She added: “We need to ensure that not only do we have a qualitative outcome but also quantitatively we can say we have reduced the cost of doing business by 50 percent ... and introducing efficiency in the system you can then be assured of increase trade volumes which will increase revenue collection with the efficiencies that will be introduced in the system.”

The Commissioner-General of GRA, George Blankson, said the system provides practical means of improving border clearance performance, thereby making trade easy.

“It will be a reality when all individual agencies collaborate to achieve this collective goal of ensuring that our country threads on the right path of rapid development,” the commissioner said.

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