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Ghana Community Network Services Limited (GCNet), has presented a cheque for GH¢2 million to the Ministry of Finance and Economic Planning as dividend to government.The amount represents the 2010 dividend due to Government through the shareholding held by the Ghana Revenue Authority (GRA) in GCNet.This latest dividend payment made on 21st June brings the total
dividend to Government through the GRA shareholding to nearly GH¢20 million.Presenting the dividend to the Minister of Finance and Economic planning, Dr Kwabena Duffour, the Executive Chairman of GCNet, Mr.
Nortey Omaboe, said besides the GRA dividend, Government also had
additional payment through shareholdings by the Ghana Shippers’
Authority and the Ghana Commercial Bank in GCNet.This, he said, had brought the total dividend received by Government for 2010 to GH3.5 million.Mr. Omaboe outlined measures that GCNet was undertaking to support
the Government’s revenue mobilization. These include the on-going
automation of the Domestic Tax Revenue Division of the GRA and the
introduction of the Customs Valuation Assurance Programme (VAP) last
year.He said the VAP since its introduction had been a resounding success and contributed in helping GRA (Customs Division) to meet its 2010 revenue targets and to be on course for its 2011 revenue targets.Dr Kwabena Duffour expressed appreciation for GCNet’s contribution towards Government’s revenue mobilisation efforts, adding that strong revenue mobilisation was critical for good economic performance and achievement of various macro-economic targets.He urged GCNet to re-double its efforts in ensuring that it deployed
systems that helped to realise record revenue performance.Besides, the Minister asked GCNet to make concrete suggestions that
would help to plug all revenue loopholes.He said earlier suggestions made by GCNet, especially in the area of
Customs Warehousing and the granting of Permits had been used in the
preparation of the 2011 Budget and called for GCNet’s early employment of the proposed Ghana Integrated Cargo Clearance System (GICCS), which is expected to enhance the seamless paperless trade and customs regime from the cargo manifest stage through the issuance of permits, exemptions and tax payments.Source: GNA/Ghana
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