
Audio By Carbonatix
The new trade facilitation tool, the Integrated Customs Management System (ICUMS) deployed by the government at the ports and frontiers, is said to have generated some ¢1,929,481,409.5 billion as at July 11, 2020.
This was revealed by the Board Chairman of the Ghana Revenue Authority (GRA), Professor Stephen Adei.
The Commissioner-General of the GRA during an earlier press conference last month pointed out that prior to the full switch over to the new ICUMS platform, its predecessor, the National Single Window System operated by GCNet in partnership with West Blue Consulting, was generating a monthly average amount of GH¢940 million.
Board Chairman of the GRA, Professor Adei, in his first public comment about the ICUMS, spoke highly of the currently deployed port management system.
Prof Adei, speaking in an interview on Accra-based Joy FM, described ICUMS as a much better system than the previous system manned by the Ghana Community Network Services Limited (GCNET).
His assertion, according to him, is based on the revenue generated by ICUMS despite reduced imports at Ghana’s land and sea ports due to the Covid-19 pandemic.
“We are getting better results because in May and June alone, even under Covid-19 there was far more collection of revenue than previously collected under the old system,” he said.
“On average, the revenue collected is about GH¢800 million, but just last month we had about GH¢1.2 billion and this is even under reduced imports due to the pandemic. And I’m happy to say that despite Covid-19, our end of May revenue was only 8.6 percent below the target,” he added.
Speaking further on the show, he asserted that the jump in the revenue collection due to the effectiveness of the ICUMS, shows that the country was losing a lot of revenue in the old system and that the resistance mounted against the introduction of ICUMS was due to the fact that ‘some people’ were afraid of getting ‘exposed.’
Prof Adei, who admitted to some challenges faced by the new system, noted that the challenges were being resolved and the outcomes were promising.
“We have challenges but they are being resolved and the results so far are promising, we are doing our best for God and country,” he noted.
Data available also shows the performance of the ICUMS in June at some borders to be impressive. At the Kotoka International Airport (KIA), import duty revenues for June stood at GH¢55.4 million and was up 20 percent over the GH¢46 million generated in June 2019, when trade activities were not curtailed by travel and trade restrictions.
The data further suggested that revenues are rising sharply by the month. For instance, revenue from the Aflao land border for June was GH¢4,718,082.8, up from just GH¢791,183.50 recorded in March when ICUMS was rolled out at the land borders.
Again, revenue generated in June 2020 from Elubo was GH¢4,038.105.31, also up from GH¢637,462.78 in March 2020.
In Accra at the Jamestown Customs office in March 2020, some GH9,523,556 was raised in June this year.
Latest Stories
-
Ukraine warns of interceptor missile shortage as 18 killed in Kyiv region
5 minutes -
Barker-Vormawor asks court to compel Attorney-General to disclose whereabouts of “Abu Trica”
9 minutes -
Political communication in Ghana: Are we informing citizens or winning arguments?
10 minutes -
Accra court remands man over alleged GH¢114,000 fraud in travel visa scheme
11 minutes -
Police investigate death of young woman found hanging in Anyinamso bush
19 minutes -
Africa’s future would have to be shaped by African solutions – World Food Prize Foundation President
23 minutes -
Showbiz and sports personalities urged to protect their intellectual property
27 minutes -
Bosomtwe DCE moves to declare district security zone over illegal mining destruction
34 minutes -
Gov’t to expand medical education to improve doctor-to-patient ratio – Education Minister
57 minutes -
Africa Energy Technology Centre presents Africa’s energy future strategy to Mahama
1 hour -
WAFCON 2026: Black Queens name provisional squad for tournament
1 hour -
GTA to launch “Blue Ghana Initiative” beach clean-up campaign after Accra floods
1 hour -
UBIDS graduates 70 Law students as Bagbin pledges major health and education interventions
2 hours -
A Lifetime of excellence: Dr Williams Kwasi Peprah attains the rank of full Professor at Andrews University
2 hours -
Gift to the North: Karaga MP builds 6,000-capacity Mosque in Tamale
2 hours