Ghana’s Cocoa Export Earnings Plunge to $1.7 Billion in 2024
Ghana is facing one of its worst economic setbacks in recent history as cocoa export earnings plummet to $1.7 billion in 2024—the lowest in 15 years. This sharp decline represents ...
Tag: smuggling
Smuggling Risks Rise as Ghana’s Cocoa Purchases Drop by 20% in December
Cocoa purchases in Ghana faced a significant downturn in December 2024, as election-related uncertainties and constrained financing disrupted market operations. The resulting delays in payments from the state marketing board, ...
Gray Goods Floods Ghana’s Market
If you thought gray areas were only found in rules and regulations, think again — gray goods have infiltrated retailing. Entrepreneurs, known as "clandestine traders," are taking advantage of currency ...
Gold for Oil Policy Will Likely Not Succeed, It will Breed Smuggling of Gold- Chamber of Bullion Traders
The Chamber of Bullion Traders has expressed its reservation about the new initiative rolled out by the Vice President of Ghana, Dr. Mahamudu Bawumia- gold for oil policy, noting that ...
Agric Minister Admonishes Border Residents to Stop Smuggling Grains to Surrounding Countries
Dr Owusu Afriyie Akoto, the Minister of Food and Agriculture, has called on residents around border towns to help put a stop to the smuggling of food commodities, particularly grains ...
We could have raised more revenue last year- Col. Rtd. Kwadwo Damoah
The Commissioner of Customs Division of Ghana Revenue Authority (GRA), Col. Rtd. Kwadwo Damoah, has revealed that revenue leakages prevented the Division from raising more revenue in 2020. According to ...
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