• About
  • Advertise
  • Privacy Policy
  • Contact
Wednesday, October 15, 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: There was far more collection of revenue than previously collected under the old system – Prof. Stephen Adei

Stephen M.Cby Stephen M.C
July 14, 2020
Reading Time: 3 mins read
Stephen M.Cby Stephen M.C
in Vaultz Business
0
ICUMS: There was far more collection of revenue than previously collected under the old system – Prof. Stephen Adei

Cargo at Tema port

Professor Stephen Adei, the Chairman of the Ghana Revenue Authority (GRA) has commended the Integrated Customs Management systems (ICUMS) as a much better alternative.

Speaking in an interview, the Chairman of GRA labelled ICUMS as a much better system in comparison to its predecessor, the Ghana Community Network Services Limited (GCNET).

According to Professor Adei, his assertion is premised on the revenue generated by ICUMS despite reduced imports at Ghana’s land and sea ports due to the Covid-19 pandemic.

RelatedPosts

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

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

He said, “we are getting better results because in May and June alone, even under Covid-19 there was far more collection of revenue than previously collected under the old system”.

“On average the revenue collected is about GHS 800 million, but just last month we had about GHS 1.2 billion and this is even under reduced imports due to the pandemic. And I’m happy to say that despite Covid-19, our end of May revenue was only 8.6 per cent below the target”.

Professor Stephen Adei

Also, he stated that the surge in revenue collection was as a result of the effectiveness of the ICUMS. In juxtaposing that to the previous system, it is an indication that the country was losing huge revenue in the old system and that the resistance mounted against the introduction of ICUMS was due to fright exhibited by some individual over fears of exposure.

Although he corroborated the challenges being faced by the new system, he iterated that efforts are being undertaken to resolve those challenges and progress is being made.

“We have challenges but they are being resolved and the results so far are promising, we are doing our best for God and country”.

Professor Stephen Adei

ICUMS generated GHc1.2 billion in June

ADVERTISEMENT

Meanwhile, 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 were churned out the first month 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 affects transactions and causes delays amongst customers clearing of goods.

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, reprioritizing needs to health and social interventions.

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.

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 curtailed by travel and trade restrictions.

Tags: GRAICUMSrevenue
Please login to join discussion
Previous Post

CSIR Supports Farmers Producing Highly Nutritious Crops For Local Consumption

Next Post

UK faces Biggest Budget Deficit in Peacetime History

Subscription Form

Related Posts

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
$4.8 Billion SME Financing Gap in Ghana Tackled with Over 200 New Machines Through AfNEXT
Vaultz Business

$4.8 Billion SME Financing Gap in Ghana Tackled with Over 200 New Machines Through AfNEXT

September 26, 2025
Minority Demands Halt to AT-Telecel Deal, Calls for Probe
General News

Minority Demands Halt to AT-Telecel Deal, Calls for Probe

by Silas Kafui AssemOctober 15, 2025
Democrats Win Final Seat In US House Of Representatives
USA

Government Shutdown Enters 15th Day

by Comfort AmpomaaOctober 15, 2025
During the Pre-COP
Extractives/Energy

Pre-COP Opens in Brasilia, Stresses Climate Multilateralism Agenda 

by Prince AgyapongOctober 15, 2025
Ghana’s Finance Minister, Dr. Cassiel Ato Forson, with Ajay Banga, President of the World Bank Group
General News

Ghana, World Bank Strengthen Partnership to Accelerate Growth in Five Key Sectors

by Evans Junior OwuOctober 15, 2025
Michael Kosi Dedey
General News

Justice Delays in Ahmed Suale Case Undermine Public Trust

by Silas Kafui AssemOctober 15, 2025
Bryan Acheampong
General News

Bryan Acheampong Calls for 90-Day Ban on All Mining to Curb Galamsey

by Evans Junior OwuOctober 15, 2025
Minority Demands Halt to AT-Telecel Deal, Calls for Probe
Democrats Win Final Seat In US House Of Representatives
During the Pre-COP
Ghana’s Finance Minister, Dr. Cassiel Ato Forson, with Ajay Banga, President of the World Bank Group
Michael Kosi Dedey
Bryan Acheampong

Recent News

Minority Demands Halt to AT-Telecel Deal, Calls for Probe

Minority Demands Halt to AT-Telecel Deal, Calls for Probe

October 15, 2025
Democrats Win Final Seat In US House Of Representatives

Government Shutdown Enters 15th Day

October 15, 2025
During the Pre-COP

Pre-COP Opens in Brasilia, Stresses Climate Multilateralism Agenda 

October 15, 2025
Ghana’s Finance Minister, Dr. Cassiel Ato Forson, with Ajay Banga, President of the World Bank Group

Ghana, World Bank Strengthen Partnership to Accelerate Growth in Five Key Sectors

October 15, 2025
Michael Kosi Dedey

Justice Delays in Ahmed Suale Case Undermine Public Trust

October 15, 2025
Bryan Acheampong

Bryan Acheampong Calls for 90-Day Ban on All Mining to Curb Galamsey

October 15, 2025
Subscription Form
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.