Ghana recorded 3 billion dollar trade deficit in 2014

In our item NECO 003 of yesterday, March 18, 2015, we inadvertently referred to the Deputy Minister of Trade, Mr Murtala Mohammed, as Mr Mustapha Mohammed.   We deeply regret the inconvenience. Please find below a corrected version of the item.

Tema, March 19, GNA – Ghana registered a trade deficit of three billion dollars in 2014, the Deputy Minister of trade and Industry, Mr Murtala Mohammed said in Tema on Wednesday.

‘We are working hard to reduce imports and promote exports. In 2014, about 17 billion US Dollars worth of goods were imported as against 13 billion US dollars exports.’

Mr Mohammed, who was addressing a day’s workshop organized for journalists by the Ship Owners and Agents Association (SOAAG), said the Ministry of Trade and Industry (MOTI) was also taking measures to reduce the number of check points at Ghana’s seaports.

Mr Mohammed said his outfit was working on at least reducing the checks during clearance from 23 to 10.

According to him, it was worrying that importers go through many checks and delays before clearance.

He stated for instance that, the Customs Division of the Ghana Revenue Authority alone had three different checks.

He added that even though those agencies at the ports had statutory backing, all of them must not work on all consignments, as that caused delay in clearance.

Mr Mohammed said the need to decongest the ports was very essential to his outfit and that they would collaborate with stakeholders and hold an inter-ministerial meeting to find a lasting solution to the problem.

The Deputy Minister launched a campaign against the sale and buying of stolen containers.


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