Ghana to implement ECOWAS CET on February 1

Ecowas

All is set for Ghana to fully implement the Common External Tariff (CET) on February 1, 2016.

This follows the successful passage of the CET Act, (Act 905) by their Parliament, Graphic Online reported.

The CET is the single tariff rate agreed to by all member states of the Economic Community of West African States (ECOWAS).

The CET regime means that the same tariff will be slapped on an eligible item imported into the ECOWAS sub-region, irrespective of which ECOWAS-member country it lands in.

Speaking to the Daily Graphic at the 64th International Customs Day in Accra, the Chief Revenue Officer of the Customs Division of the Ghana Revenue Authority (GRA), Mr Seidu Yakubu, said when implemented, the CET would ensure that the smuggling of goods was reduced.

“With CET implementation, there will be no need for importers in the country to import their goods through any of the ECOWAS member countries and then wheel them by road to Ghana,” he said.

He said his outfit had observed that due to the tariff difference within the ECOWAS member states, importers preferred trading in other countries instead of the countries in which they operated.

The CET for ECOWAS, which was adopted at the Heads of State Summit in October 2013 in Dakar, will enhance trade within the sub-region.

Launch of CTSB

Meanwhile, the revenue authority of Ghana has also inaugurated an Information and Communications Technology (ICT) facility that handles the re-introduced classification and valuation function of customs operations in the country.

The facility, dubbed “Customs Technical Services Bureau (CTSB), will simplify customs and other border procedures for the efficient clearance of goods across borders.

The Commissioner General of the Ghana Revenue Authority, Mr. George Blankson, indicated that although the early stages of the project experienced some challenges, the authority was able to overcome them through diligent monitoring.

 

 

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