Ghana taps technology for seamless customs procedures
As Ghana moves to adopt seamless procedures on the import and export of goods through an electronic customs management system. Yofi Grant, CEO of the Ghana Investment Promotion Centre joins CNBC Africa for more.
Wed, 03 Jun 2020 04:40:48 GMT
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AI Generated Summary
- The adoption of the Unipass electronic customs management system in Ghana is set to revolutionize trade processes, improving efficiency and reducing costs for importers and exporters globally.
- Ghana's strategic preparations for the AfCFTA implementation, coupled with infrastructure developments like the expansion of the Tema port, are expected to enhance the country's trade capacity and position it as a key transit hub in the region.
- Amidst the challenges posed by the COVID-19 pandemic, Ghana remains proactive in attracting FDI and promoting domestic manufacturing, highlighting the importance of self-reliance and regional cooperation for post-pandemic economic recovery.
Ghana is making significant strides in enhancing its trade efficiency and capacity through the adoption of a seamless electronic customs management system. Yofi Grant, CEO of the Ghana Investment Promotion Centre, discussed the impact of this new system in an interview with CNBC Africa. The implementation of the Unipass system, an electronic customs management system, is set to revolutionize trade processes in Ghana and the sub-region. Grant highlighted the advantages of the system, such as improved efficiency, reduced costs, and ease of use for importers and exporters worldwide. The web-based platform allows users to access the system from anywhere, streamlining trade operations. Moreover, the system ensures seamless data flow for efficient processing of transactions, leading to enhanced revenue collection for the government. Grant emphasized that the primary goal of the system is to bring efficiency to the value and supply chain, ultimately benefiting businesses and traders. The new system aligns with Ghana's strategy to prepare for the implementation of the African Continental Free Trade Area (AfCFTA). With a recent expansion project at the Tema port, Ghana aims to become a key transit hub for goods and services on the west coast, further boosting its trade capacity. The enhanced efficiency at the port is expected to drive trade growth and transparency in import and export operations. Grant expressed optimism about the positive impact of the new system on trade projections and export capacity in Ghana. Despite challenges posed by the COVID-19 pandemic and the resulting delay in the AfCFTA implementation, Ghana remains innovative in attracting foreign direct investment (FDI). Grant highlighted the country's virtual engagements with investors and efforts to bolster domestic manufacturing capabilities during the pandemic. Ghana has leveraged local production of essential goods, such as personal protective equipment (PPE) and sanitizers, showcasing its ability to adapt and retool for post-COVID recovery. Grant emphasized the importance of self-reliance and regional cooperation in building resilient economies post-pandemic. He urged African nations to capitalize on local manufacturing and agricultural potential to reduce dependency on global supply chains. Grant commended the continent's resilience amidst the crisis, noting the opportunities for economic revitalization through industrialization and agricultural development. Ghana's proactive approach towards trade facilitation and economic diversification positions the country as a key player in advancing regional trade integration and sustainable growth.