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CBG Educates SME Customers On AfCFTA Opportunities

  In line with its commitment to empowering local businesses to thrive in the midst of COVID-19, Consolidated Bank Ghana (CBG) has hosted the second edition of its ‘Adesua Series’ to educate its Small and Medium Enterprises (SMEs) clients on the African Continental Free Trade Area Agreement (AfCFTA) opportunities. The virtual event, themed “Time with Customs Division of Ghana Revenue Authority (GRA) on Import/Export Procedures and AfCTA Opportunities”, aimed at removing ambiguity about procedures and also to encourage CBG SME customers to follow the laid down procedures to avoid paying penalties or being taken advantage of by Clearing Agents. Reiterating CBG’s commitment to support SME clients in the wake of the COVID pandemic, Deputy Managing Director of CBG, Thairu Ndungu, said the bank is committed to being at the forefront of supporting SMEs. He said, “We pledge to be at the forefront of servicing SMEs with products and value propositions designed to grow their

Customs Division Suspended Some Audit Activities In 2020 Because Of Covid-19 – Col Kwadwo Damoah

  Commissioner, Customs Division of Ghana Revenue Authority (GRA), Col. Rtd. Kwadwo Damoah has disclosed that Customs Division could have raised more revenue in the year 2020 if revenue leakages were blocked. According to him, if all aspects and regimes of customs and all frontiers were closely guarded to the extent that there were no possibility of smuggling then the Custom Division would have exceeded its revenue target. “Once one person smuggles any item that’s a leakage and we all know that the borders are so porous such that there are places that are not accessible by way of using vehicles. There are places that you use mono bicycles, there are places that people by foot are able to evade the system so all those would impact so once you are talking about total, total means by land, sea and air so even there is one leakage by land it affects the total possibility,” he told Winston Amoah on Joy News’ Upfront.

GRA boss accuses National Security at KIA of blocking custom officials from inspecting goods

+ The Commissioner, Customs Division of Ghana Revenue Authority (GRA) has accused the National Security at the Kotoka International Airport (KIA) of impeding their mandate of goods inspection. Col. Rtd. Kwadwo Damoah, in an interview with JoyNews’ Winston Amoah on Wednesday, described the situation as embarrassing and unacceptable. According to him, even though the overall security arrangement at the Airport is vested in the institution, the law of customs does not give them the right to hamper the duties of examining goods. “If you look at the customs act, we also have the responsibility of looking at things that are of security implication. If you are bringing in goods, are they goods that the law permits you to bring them in, for instance, if they are weapons, that is security implication, if you are bringing in food are they the type the appropriate state institution like Food and Drugs Authority permits us?  

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