• About
  • Advertise
  • Privacy Policy
  • Contact
Monday, October 20, 2025
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

ICUMS generated GHc1.2 billion in June despite technical glitches

M.Cby M.C
July 8, 2020
Reading Time: 3 mins read
M.Cby M.C
in Vaultz Business
1
ICUMS generated GHc1.2 billion in June despite technical glitches

A cross section of the Tema ports

The Ghana Revenue Authority (GRA) has indicated that import duties generated for government in June last month was pegged at GHc1.2 billion. According to the data which emerged from its Custom Division, the figures churned out represented accrued revenue since the introduction and usage of the controversial Integrated Customs Management System (ICUMS) into Ghana.

Comparatively, GRA indicated that prior to the usage of the new system, the National Single Window System operated by GCNet in partnership with West Blue Consulting, was making a monthly average amount of GHc940 million.

Per the new data, government’s firmness in using the new platform seems justified in spite of the brewing dissatisfaction and occasional technical glitches the ports faces, as they invariably affected transactions and fomented delays in customers clearing of goods.

RelatedPosts

Millions Lost to Mobile Money Scams as Cyber Fraud Skyrockets in Ghana — CSA Raises Alarm

IMANI Africa and ISSER to Present Groundbreaking Research on Ghana’s Digital Assets and Credit Guidelines at MTN MoMo’s Fintech Forum

Importers and Exporters Applaud BoG’s $1.15bn Forex Boost

Quite expectedly, government officials are excited about the revenue performance indicating that it has its sterling performance in the face of the hostile impact of the COVID 19 pandemic on trade volumes.

They also posited that, this further proves the recording of a much better revenue performance once the pandemic eases down.

As the pandemic grates on, public revenue collection has become even more essential for government as the coronavirus has impeded most of its activities, re-prioritizing needs to health and social interventions.

ADVERTISEMENT

While revenue collection data for the sea ports, which are the biggest channels for importation and thus the biggest sources of import duties are not yet available, data for Kotoka International Airport and the land points of entry indicate sharply rising revenues.

kotoka airport 647x406 1

For instance import duty revenues from KIA for June, at GHc55.4 million, was up 20 percent over the GHc46 million generated in June 2019, when trade activities were not inhibited by travel and trade restrictions.

Similarly, the data further suggested that utilization of ICUMS is gradually overcoming the major operational shortcomings that has bedeviled its preliminary commencement as revenues are rising sharply by the month.

For instance, revenue from the Aflao land border for June was GHc4, 718,082.8, up from just GHc791, 183.50 in March when ICUMS was going through an unsatisfactory pilot phase. Similarly revenue generated in June from the Elubo land border was GHc4, 038.105.31, up from GHc637, 462.78 in March. Even more instructively, whereas no significant revenue was generated from the Jamestown Customs office in March, it reached GHc9, 523,556 in June.

ICUMS challenges trouble clearing agents

The Ghana Freight Forwarders Association, on June 26, 2020 expressed their frustration over the ineffectiveness of the ICUMS system. Some freight forwarders at the Tema Port registered their displeasure with the implementation of the Integrated Customs Management System (ICUMS) which they blame for increased rent charges and demurrage.

freight
Some frustrated freight forwarders at the port

According to them, their complaints against the ICUMS is directed at the absurd system with no political underpinnings.

Speaking on the issue, Mr. John Kweku Mensah, a council member of the Ghana Freight Forwarders Association said it was not fair that importers were being made to pay for the cost of an inefficient system which was ‘fraught with delays’.

Please login to join discussion
Previous Post

Decline In Consumer Confidence Of Ghanaians And Nigerians Mirrors Global Uncertainty – Survey Says

Next Post

Additional 49 million Africans face extreme poverty amid the COVID-19 pandemic.

Subscription Form

Related Posts

Millions Lost to Mobile Money Scams as Cyber Fraud Skyrockets in Ghana — CSA Raises Alarm
Vaultz Business

Millions Lost to Mobile Money Scams as Cyber Fraud Skyrockets in Ghana — CSA Raises Alarm

October 19, 2025
IMANI Africa and ISSER to Present Groundbreaking Research on Ghana’s Digital Assets and Credit Guidelines at MTN MoMo’s Fintech Forum
Vaultz Business

IMANI Africa and ISSER to Present Groundbreaking Research on Ghana’s Digital Assets and Credit Guidelines at MTN MoMo’s Fintech Forum

October 14, 2025
Importers and Exporters Applaud BoG’s $1.15bn Forex Boost
Vaultz Business

Importers and Exporters Applaud BoG’s $1.15bn Forex Boost

October 9, 2025
No Business Can Survive This! — GUTA, FABAG Blast Government Over Tariff Hikes
Vaultz Business

No Business Can Survive This! — GUTA, FABAG Blast Government Over Tariff Hikes

October 7, 2025
AfCFTA and Afreximbank Ignite New Push to Break Barriers and Scale Trade Across Africa
Vaultz Business

AfCFTA and Afreximbank Ignite New Push to Break Barriers and Scale Trade Across Africa

October 3, 2025
Africa’s $6 Trillion Trade Opportunity: GEPA Rallies Nations to Unlock Intra-Continental Power
Vaultz Business

Africa’s $6 Trillion Trade Opportunity: GEPA Rallies Nations to Unlock Intra-Continental Power

September 30, 2025
Illegal Gold Processing Hits Accra Homes, EPA Warns
Extractives/Energy

Illegal Gold Processing Hits Accra Homes, EPA Warns

by Bless Banir YarayeOctober 20, 2025
US special Envoy, Steve Witkoff.
Asia

Witkoff, Kushner Arrive In Israel Amid Fragile Ceasefire

by Comfort AmpomaaOctober 20, 2025
Gasoline Pumps
Extractives/Energy

Fuel Prices Drop: Petrol at GH¢12.77, Diesel GH¢12.97 

by Prince AgyapongOctober 20, 2025
Hon. Kwabena Mintah Akandoh
General News

Ghana’s Nurse Export Deal Tests the Balance Between Jobs and Care

by Silas Kafui AssemOctober 20, 2025
Israel Urged To Open More Gaza Border Crossings To Allow Aid
Asia

Gaza’s Fragile Truce Echoes Past Failures

by Comfort AmpomaaOctober 20, 2025
NPP’s Reform Agenda Faces Questions Over Clarity and Consistency
General News

United Party Plus or Minus? The Struggle to Break Ghana’s Duopoly

by Silas Kafui AssemOctober 20, 2025
Illegal Gold Processing Hits Accra Homes, EPA Warns
US special Envoy, Steve Witkoff.
Gasoline Pumps
Hon. Kwabena Mintah Akandoh
Israel Urged To Open More Gaza Border Crossings To Allow Aid
NPP’s Reform Agenda Faces Questions Over Clarity and Consistency

Recent News

Illegal Gold Processing Hits Accra Homes, EPA Warns

Illegal Gold Processing Hits Accra Homes, EPA Warns

October 20, 2025
US special Envoy, Steve Witkoff.

Witkoff, Kushner Arrive In Israel Amid Fragile Ceasefire

October 20, 2025
Gasoline Pumps

Fuel Prices Drop: Petrol at GH¢12.77, Diesel GH¢12.97 

October 20, 2025
Hon. Kwabena Mintah Akandoh

Ghana’s Nurse Export Deal Tests the Balance Between Jobs and Care

October 20, 2025
Israel Urged To Open More Gaza Border Crossings To Allow Aid

Gaza’s Fragile Truce Echoes Past Failures

October 20, 2025
NPP’s Reform Agenda Faces Questions Over Clarity and Consistency

United Party Plus or Minus? The Struggle to Break Ghana’s Duopoly

October 20, 2025
The Vaultz News

Copyright © 2025 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2025 The Vaultz News. All rights reserved.

Discover the Details behind the story

Get an in-depth analysis of the news from our top editors

Enter your email address