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New ICUMS bags GH¢490m in 2 weeks …poised to surpass average GH¢920 monthly revenue collected this year
The new Integrated Customs Management System (ICUMS) which became fully operational at Ghana’s ports this month has generated GH¢490 million between June 1 and 17, 2020
Acting Commissioner-General of Ghana Revenue Authority (GRA), Ammishaddai Owusu-Amoah, who disclosed this yesterday in Accra, said, that based on average collections from January to May this year, the new system was on course to surpass or match the monthly average revenue of GH¢920 million collected by the GCnet system from January to May this year.
He noted that the collected revenue contradict opinion that the Authority was in line to make losses by deploying the ICUMS.
“So far, notwithstanding the earlier implementation challenges, the system generated GH¢490 million from June 1 to 17, 2020. Looking at this trend, it is obvious that the GRA will not be losing revenue as being highlighted by some sections of society,” he stated.
The system, Mr Owusu-Amoah said, has so far processed 53,000 Customs Bill of Entry (BOEs) nationwide with 16,000 of these submitted at Tema while 12,000 relates to pre-manifest processes.
Out of the total Tema BOEs, about 11,000 have been successfully processed while about 5,000 of the BOEs were at various stages of processing at Customs Technical Services Bureau (CTBS), he indicated.
The 4,000 BOEs, which have been delayed, according to the Acting Commissioner-General, was due to unanswered queries by declarants for the necessary supporting documents, mostly requirements by Ministries, Departments and Agencies such as permits and fees, manifest mismatch and to effect corrections.
Earlier, the system, he said, was confronted with Tax Identification Number (TIN) not populating at the front-end of declarant, which has been resolved, and co-loading and manifest matching which has been addressed with alternative arrangements for all importers who still have challenges with it.
Additionally, the GRA has intensified training of staff and importers in collaboration with the Freight Forwarders Associations to build their capacity and make it user friendly, Mr Owusu-Amoah stated.
He added that “We have established a call centre and support service desks both at the Tema Long Room and at the CTSB to deal with complaints of declarations for speedy resolution. In addition, a toll free number has been established to address the concerns of the trading public.”
He further assured importers that the GRA was engaging the Ministry of Trade and Industry and all other stakeholders to tackle concerns about demurrage in the system adding that “the Customs Division is up to deal with any challenge which will arise from implementation of ICUMS.”
Assistant Commissioner of Customs, Emmanuel Ohene, Sector Commander of Accra and Head of the Technical Implementation Committee of ICUMS, noted that the GRA has projected that it would commence 48-hour end-to-end clearance processes at the port effectively in the next six months to achieve the system’s set goals.
Unlike ICUMS, he explained that previous systems were not able to conduct end-to-end clearance for the three segments which include pre-arrival, clearance and post-clearance.
Source: Ghanaian Times
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Ghana to locally refine its gold starting October 2025 – Sammy Gyamfi
The Chief Executive Officer of the Ghana Gold Board, Sammy Gyamfi, has announced that plans are far advanced for the establishment of a state-owned gold refinery in the country.
Speaking at the 2025 Minerals and Mining Convention, Mr Gyamfi said the refinery will process locally mined gold into bullion instead of exporting it in its raw state.
According to him, it is unacceptable that Ghana, despite being a leading gold producer in Africa, continues to export raw gold known as dore.
He explained that the Gold Board, working with the Bank of Ghana and local refineries, will from October 2025 begin refining gold locally.
He also disclosed that an ultramodern assay laboratory will be built to ensure international standards in testing gold quality.
Mr Gyamfi noted that the refinery will be wholly state-owned and will help Ghana move away from raw mineral exports to value addition.
This, he said, will boost foreign exchange earnings, create jobs, and position Ghana as a hub for gold refining and jewellery production in Africa.
The CEO stressed that the project forms part of government’s strategy to ensure the country benefits fully from its natural resources and to transform the mining sector into a driver of economic growth.
By: Jacob Aggrey
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There is strength in diversity; let’s live in peace – Zanetor Rawlings urges Ghanaians
Member of Parliament for Korle Klottey, Dr. Zanetor Agyeman-Rawlings, has urged Ghanaians, especially the youth, to value the peace the country enjoys and to see diversity as a source of strength.
Speaking at the National Youth Conference held at the Pentecost Convention Centre under the theme “Igniting Potential; Inspiring Change”, she warned against being lured into conflicts and divisions fueled by reckless statements from politicians, traditional leaders, religious figures, or academics.
According to her, many young people have no idea what it means to live in a country torn apart by war, and therefore must not take Ghana’s peace for granted.
She stressed that the harmony among different ethnic and regional groups should be protected at all costs, since it is peace that allows citizens to gather freely and safely.
Dr. Zanetor said Ghana’s development depends on embracing diversity and working together.
She urged the youth to tap into this strength so that Ghana would continue to shine as the “Black Star” of Africa and serve as an example for other nations.
She expressed appreciation to the participants for attending the conference and asked for God’s blessings on the country.
By: Jacob Aggrey
