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Maritime
Importers not registered for VAT face 12.5% upfront tax
Importers not registered for tax face upfront payment of 12.5% of the custom value of the taxable goods as penalty.
It is a sanction imposed on importers of taxable goods who are…
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€85m fishing harbour for Elmina commissioned
President Nana Addo-Dankwa Akufo-Addo has commissioned the €85m Elmina Fishing Harbour rehabilitation and expansion project in the historic city of Elmina in the…
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A capital of $200m is needed to revamp PSC Tema Shipyard
Mr Michael Luguje, Director General of the Ghana Ports and Harbours Authority (GPHA) has disclosed that an investment capital of $200 million is needed to revamp the PSC Tema Shipyard.…
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Import duties to go up as govt scraps benchmark values policy
Effective January 2023, the 30% discount on import values of general goods and 10% discount on home delivery value (HDV) of used vehicles will no longer apply.
Consequently,…
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AfCFTA: 8 African countries kick-start free trade with 96 products
Eight countries have commenced guided trading under African Continental Free Trade Area (AfCFTA).
The initiative seeks to test the operational, institutional, legal, and trade policy…
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African Continental Free Trade Area to change fortunes of Africa
All is set for trading in goods under the African Continental Free Trade Area (AfCFTA) agreement to begin this year.
On September 26, the historic trading in goods under AfCFTA will…
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Fix Ghanacard delays, extend SIM Card registration
Last year, the government, through the Ministry of Communications and Digitalization, gave a directive that all Subscriber Identity Module (SIM) cards should be reregistered over a…
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Keta Port: Govt invites investors to express interest
Government, through the Ghana Ports and Harbours Authority (GPHA) has invited prospective partners to formally express interest in any aspect (or a combination of aspects) of the Keta…
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GPHA records 39.41% decline in profit in 2020
The Ghana Ports and Harbours Authority (GPHA) recorded 39.41% drop in net profit for 2020.
The net profit declined from GH¢185.95 million in 2019 to GH¢112.67 million in 2020.…
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Cost of importing petroleum products jumped by over 50% in 2021
In line with global trends, the price per metric tonnes of petrol, diesel and liquefied petroleum gas (LPG) imported from the world market into Ghana jumped in 2021 by between 50% and…
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