BUSINESS NEWS

GRA Customs rakes in GH¢2.7 bn in 2017 1st quarter

Ken Ofori Atta

The Customs division of the Ghana Revenue Authority (GRA) has raked in an estimated 2.7 billion cedis for the first quarter of 2017, Finance Minister Ken Ofori Atta has revealed.

This represents 19.23 percent collection of its total 2017 revenue target of about 14 billion cedis.

By this, the Customs division is anticipating a revenue collection of at least 10 billion cedis for the rest of 2017.

Mr. Ken Ofori Atta was speaking at the pull out ceremony for the outgoing Commissioner of the Customs Division of the GRA, Kuudamnuru John Vianney last Thursday.

“Over the years the Ministry of Finance through the customs division of the GRA has continuously improved revenue collection and reporting as well as reducing clearance time… I am confident the Customs will be able to meet the targets.”

Overall, the GRA is expected to collect 34.8 billion cedis for 2017; representing a 34 percent increase over 2016’s target.

The Minister also assured of the government support to improve the operational efficiencies of the GRA.

“The Ministry intends to support the GRA and generally to equip GRA with the human and logistical resources to execute its mandate under the law,” he noted.

An immediate former Deputy Commissioner in charge of Post Clearance Audit Department, Mr. Isaac Crentsil has since assumed office as the new Commissioner for the Customs Division of the GRA.

He replaces Kuudamnuru John Vianney who has served for over three decades at the service.

By: Pius Amihere Eduku/citibusinessnews.com/Ghana

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