Clearing of goods at ports now possible within 24 hours • The minister of Trade and Industry has stated that importers will now be able to clear their goods within 24 hours at the port. • It is the commitment of government and the Mahama administration to reduce the time and transaction cost of the clearance of goods and services. • This follows the passage of the revised customs bill by parliament to aid this change. • The revised regulations would allow the customs division of the Ghana Revenue Authority to work in shifts throughout the day. • A number of initiatives are being worked on by the Ministry of Trade, Ministry of Finance and the Ministry of Transport to improve processes by the institution responsible for the ports. • This will enable the ports achieve less cost in terms of clearance and less cost in terms of transaction procedure in clearing goods and services at the ports. • The countrys investment laws currently bar foreigners from trading in retail markets, an area which is reserved for indigenes and government would prosecute foreigners found operating in retail markets.
Posted on: Tue, 08 Jul 2014 11:06:50 +0000
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