[ 2016-11-06 ]

GRA gets e-payment platform
Ghana Revenue Authority (GRA) in partnership with
Ecobank and West Blue Consulting has launched an
electronic card for the payment of customs duty as
tax collector seeks to seal loopholes for tax
evasion.

The platform dubbed: “The Ghana National Single
Window CashXPress Card” is a reloadable pre-paid
card that offers a new, convenient and secure way
to make trade payments easy.

Finance Minister, Seth Terkper, said the card
helps to provide secure transactions, increases
transparency and financial inclusion, eliminates
the use of cloned or forged trade documents and
the delays associated with bank processes.

He said the Ghana National Single Window project
was initiated on September 1, 2015 to enhance the
country’s trade and economic development and
secure and increase government revenue.

Mr Terkper said the project was developed by the
United Nations Economic Commission for Europe in
2005 in an effort to simplify, harmonise and
standardise international trade procedures and
associated information flows.

He said the project was a government-business
partnership to strengthen the country’s trade
competitiveness and enhance the participation of
the business community in the global market.

The Minister said the electronic card would
facilitate trade transactions at the ports as well
as reduce time and costs spent in doing trade
businesses.

Mr George Blankson, Commissioner General of the
Ghana Revenue Authority, said the national single
window project has been beneficial since its
implementation, saying it provides traders with
the critical single entry point to facilitate
trade transaction.

He said the electronic card would offer shippers
easy, flexible and convenient payment options
through the use card payment.

The Association of Ghana Industries and the Ghana
Institute of Freight Forwarders welcomed the
initiative saying it would reduce the human
interface in trade transactions, allowing most
processes to be undertaken automatically.

Source - Classfmonline

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