GRA to introduce new measure to control transit trade



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The Customs Division of the Ghana Revenue Authority (GRA) will introduce a new measure to control transit trade in the country's ports.

According to the division, it intends to adopt as a transit policy only containerized goods transiting through the country's ports.

This should curb the diversion of goods in transit through the Ghanaian market, which would deprive the country of the necessary revenues.

Ghana would lose huge revenues from trade in ports because of the diversion of goods in transit through the market, among others.

The new measures will help Ghana's tax officials to quickly monitor goods in transit.

Speaking at a seminar on transit trade in Accra, Customs Commissioner Isaac Crentsil revealed that all measures put in place to streamline the process would be implemented in the first quarter of the year.

"Over time, goods in transit would only be transported in containerized vehicles, with the exception of bulky rods such as iron. It is also expected that the first system of port rules will come into effect during the year.

This will pbad the transistors' declarations and fulfill their obligations in the country of destination upon receipt of the electronic manifest, "he said.

According to him, this will avoid the abuses of the negotiation in transit, which deny the state of the expected receipts.

Mr. Crentsil added: "All of these measures are aimed at ensuring that the Government of Ghana collects all state revenues and duties paid on all goods actually consumed in Ghana."

At the same time, the Deputy Minister of Transport, Daniel Titus Glover, warned the traders and officials of the Ghana Revenue Authority that the law would apply to all those who escape taxation through the trade of transit.

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