• About
  • Advertise
  • Privacy Policy
  • Contact
Saturday, June 20, 2026
  • 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
in Vaultz Business

ICUMS: There was far more collection of revenue than previously collected under the old system – Prof. Stephen Adei

Maynard Championby Maynard Champion
July 14, 2020
Reading Time: 3 mins read
Cargo at Tema port

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.

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.

ADVERTISEMENT

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

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.

ADVERTISEMENT

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.

Sign Up to Our Newsletter

Fresh updates, Straight to your inbox

Tags: GRAICUMSrevenue
Share6Tweet4Share1SendSend
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

Related Posts

Hon. Elizabeth Ofosu-Adjare, Minister for Trade, Agribusiness and Industry
Vaultz Business

Government Hails Kasapreko Stock Market Debut, Details Macroeconomic Reforms

June 15, 2026
Invest Ghana Business Roundtable and Exhibition
Vaultz Business

GIPC Drives Bilateral Capital Partnerships at Canada Business Roundtable

June 14, 2026
Hon. Elizabeth Ofosu-Adjare, Minister for Trade, Agribusiness and Industry, with ECOWAS Delegation on Kasapreko PLC Tour
Vaultz Business

ECOWAS Delegation Deepens Regional Integration on Kasapreko Industrial Tour

June 13, 2026
Mr. Goosie Tanoh, Presidential Adviser on the 24-Hour Economy and Accelerated Export Development,
Vaultz Business

Ghana-Canada Investment Forum to Showcase 24-Hour Economy Drive in Toronto

June 12, 2026

Sign Up to Our Newsletter

Fresh updates, Straight to your inbox

Recent News

Ghana Mineworkers’ Union (GMWU) with Lands Minister

Local Content Contracting Policies Risk Slashing State Tax Revenue Streams – GMWU

June 20, 2026
MIIF Engaging CSOs

Civil Society Backs Proposals Entrenching Vital Public Trust Doctrines

June 20, 2026
Mike Oquaye Jnr

NDC’s Honeymoon Phase Will Dwindle With Time — Oquaye Jnr

June 20, 2026
Turkey players form a huddle

Arder Guler Apologizes as Turkiye Eliminated From the World Cup

June 20, 2026
World Refugee Day

World Refugee Day: Record Displacement Fuels Call for Lasting Solutions

June 20, 2026
Next Post
Chancellor of the Exchequer Rishi Sunak

UK faces Biggest Budget Deficit in Peacetime History

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.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.