25.9 C
Accra
Monday, July 8, 2024
BusinessCustoms Division of GRA designated to issue rules of origin certificates

Date:

Customs Division of GRA designated to issue rules of origin certificates

spot_img

Government has designated the Customs Division of the Ghana Revenue Authority (GRA) as the Competent Authority for the issuance of Rules of Origin Certificate under the African Continental Free Trade Area (AfCFTA).

Rules of origin are a “passport” enabling goods to circulate duty-free within a free trade area (FTA) as long as these goods qualify as originating within the FTA.

This mandates the Customs Division to assess the criteria that must be met for a product to be considered as having its origin in an exporting country within the FTA and qualify for preferential treatment (zero import tariffs) inside the FTA.

Mr Alan John Kojo Kyerematen, Minister of Trade and Industry, speaking at the Business Forum on the Start of AfCFTA in Ghana: Implementation Arrangements said: “We are also aware that the contribution of the government alone could not guarantee the success of the AfCFTA.”

The event was organised by the Ministry of Trade and Industry in collaboration with the GRA and attended by Mr Wamkele Mene, Secretary-General, AfCFTA Secretariat, and other Senior Government Officials.

It is a free trade area founded in 2018, with trade commencing as of January 1, 2021.

The free-trade area is the largest in the world in terms of the number of participating countries since the formation of the World Trade Organization.

Accra, Ghana serves as the Secretariat of AfCFTA and was commissioned and handed over to the African Union (AU) by President Nana Akufo-Addo on August 17, 2020, in Accra.

The agreement was brokered by the AU and was signed by 44 of its 55 member states in Kigali, Rwanda on March 21, 2018.

The agreement initially requires members to remove 90 per cent tariffs from goods, allowing free access to commodities, goods, and services across the continent.

He expressed the hope that government could work actively with business associations to enable the private sector to respond to all the interventions put in place.

He said in Ghana “our focus should be, how we ensure micro small medium enterprises can also take advantage of the programme.”
He said the Ministry was confident that with such strong collaboration between government and the private sector, Ghana was ready to take up the challenge of Africa.

Mr Kwaku Nsiah Mensuoh, Chief Operation Manager, Trade Africa Online, speaking on “Opportunities for AfCFTA Trading for SMEs in Ghana using e-Commerce” said there were three factors that could contribute significantly to increased trade on the continent.

These are market information, connecting buyers to sellers and logistics and distribution management.

He said while it was possible to address all three factors through physical activities, it was generally acknowledged that e-commerce provided a more effective cost-efficient way of addressing the above factors.

“This explains why e-commerce is gradually taking over from physical commerce,” he said.

He said it was against this background that e-commerce has a critical role to play in enhancing intra-African trade.

Source: GNA

Latest stories

Asamoah Gyan advices Ghanaians not to be too expectant of the Black Stars

Former Ghana Captain Asamoah Gyan has urged Ghanaians to...

Check out Stonebwoy’s electrifying performance at Summerjam Festival in Germany

Renowned star of reggae, Stonebwoy, dancehall, and afrobeats,...

BECE format may undergo changes – WAEC

Head of the Public Affairs Unit at the West...

Akufo-Addo’s corrupt officials will be prosecuted – Mahama

Former President John Mahama has accused the governing New...

I handled Offinso chieftaincy dispute with truth and fairness – Otumfuo

The Asantehene, Otumfuo Osei Tutu II, has reaffirmed his...

“I am not going to conjure to harass you” – Mahama to journalists

Former President, John Dramani Mahama has denounced the harassment...

Related stories

GSE adopts data-focused modernisation to address market needs

The Ghana Stock Exchange (GSE) is spearheading a revolutionary...

Ghana partners Chinese company to build $450m manganese refinery

CEO of the Minerals Commission, Martin Ayisi, has announced...

First phase of Boankra Inland Port sees 40% completion

About 40% of the initial phase of the $308...

Accra to host first Electric Revolution Africa E-mobility conference

Ghana is set to host the inaugural Electric Revolution...

Prices of gari go up due to cassava shortage

The gari market in Koforidua is grappling with a...

World Bank supports COCOBOD with US$100m to rehabilitate cocoa farms

The Ghana Cocoa Board (COCOBOD) has secured a US$100...

Idea of a common currency has been overtaken by digital payment age – Bawumia

Vice President of Ghana, Dr. Mahamudu Bawumia, has called...