Ghana recorded $3billion deficit last year

dollar1GHANA registered a trade deficit of three billion dollars in 2014, the Deputy Minister of Trade and Industry, Mr. Mustapha 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 organised 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.

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

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

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

“Even though these agencies at the ports have statutory backing, all of them must not work on all consignments as that causes delay in clearance.”

The deputy minister said the need to decongest the port was very essential to his outfit and it would therefore collaborate with stakeholders and hold an inter-ministerial meeting to find a lasting solution to the problem.

Mr. Mohammed launched a campaign against the sale and buying of stolen containers. GNA

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