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Ghana: Foreign Investors Assured of Enabling Environment
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Ghanaian Chronicle (Accra)
26 March 2008
Posted to the web 26 March 2008
Stephen Odoi-Larbi
Accra
Foreign investors in the country were on Thursday assured of enabling environment by government officials in doing business on the Ghanaian market.
A group of government officials drawn from various institutions managing the country's economic policies at a business forum in Accra dubbed 'Overcoming challenges of doing business in Ghana' highlighted a number of policies from their outfits in helping foreign investors continue to enjoy doing business in the country.
Among the government officials who attended the forum were Mr. Henry Owusu (Executive Secretary-Revenue Agencies Governing Board), Mr. Anthony E. Minlah (Commissioner- Value Added Tax service), Mr. Emmanuel Doku (Commissioner-Customs, Excise and Preventive Service), Major D. Ablorh-Quarcoo (Commissioner-Internal Revenue Service) and Mrs. Elizabeth Adjei (Director-Ghana Immigration Service).
The forum was a jointly sponsored one by the Ghanaian German Economic Association (GGEA) and Ghana Netherlands Chamber of Commerce and Culture (GHANECC).
Mr. Sam Akwasi Yenshira, Assistant Commissioner, Customs, Excise and Preventive Service (CEPS) highlighted his outfit's inability to operate effectively and efficiently due to problems it has to contend with in the clearing of goods at the country's ports, a situation he stressed, was affecting the performance of the institution.
He attributed the problems to various key players in the supply chain at the ports who are mostly clearing agents.
According to him, the activities of these corrupt clearing agents especially the charging of illegal fees on goods imported into the country was an issue affecting performance of CEPS in ensuring efficiency.
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He however said a number of measures had been adopted to address the issue, which when achieved, would improve the performance of CEPS in ensuring efficiency at the ports.
According to him, his outfit had modernized procedures including the use of 'Tradenet", which has been upgraded to international standards to check bottlenecks faced by CEPS.
He indicated that continuous stay of goods at the ports lead to high demurrage and that his outfit had adopted an electronic technology in the smooth and faster clearing of goods to make doing business in the country better for investors.
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