• About Us
  • Advertise With Us
  • Terms of Use
  • Privacy Policy
  • Contact
Monday, June 16, 2025
Login
Myliberty Media
  • Home
  • News
    • Entertainment
    • Health
    • Business
    • Maritime
    • Technology
    • Events
    • NGO
    • Science
    • Lifestyle
  • Religion
  • Sports
  • Education
  • Economy
  • Environment
  • Crime
  • Parliament
  • Social
  • Politics
  • World
    • Africa
    • Americas
    • Asia
    • Europe
  • Media
    • TV
    • Radio
    • Podcast
    • Video News
  • Home
  • News
    • Entertainment
    • Health
    • Business
    • Maritime
    • Technology
    • Events
    • NGO
    • Science
    • Lifestyle
  • Religion
  • Sports
  • Education
  • Economy
  • Environment
  • Crime
  • Parliament
  • Social
  • Politics
  • World
    • Africa
    • Americas
    • Asia
    • Europe
  • Media
    • TV
    • Radio
    • Podcast
    • Video News
MyLiberty Media
  • Home
  • Business
  • Crime
  • Politics
  • Economy
  • Education
  • Entertainment
  • Environment
  • Health
  • Sports
  • Lifestyle
  • Technology
  • Parliament
  • Events
  • General News
  • Politics
  • Religion
  • Maritime
  • Social
  • World
  • Video News
  • TV
  • Radio
  • Podcast
Home Economy

GRA gains GHS3.9m in revenue from online auction  

By Francis Ntow

Frank Atiase by Frank Atiase
December 9, 2022
in Economy, Headlines
Reading Time: 2 mins read
Economics ICUMS Africa 1
Share on FacebookShare on TwitterShare on Linkedin

 

Accra-Ghana, Dec. 09, GNA – Reverend Ammishaddai Owusu-Amoah, the Commissioner-General of the Ghana Revenue Authority (GRA), has disclosed that more than GHS3.98 million has been raised from online auctions in two months.

The amount, marking a cumulative 41 percent revenue increment, was from 44 vehicles and 13 general goods, auctioned through the electronic auction (e-auction) platform of the Integrated Customs Management System (ICUMS).

RelatedNews

Government to review national Pensions scheme – President Mahama

June 13, 2025

Circuit court judges and Magistrates schooled on Land and Mineral laws

June 13, 2025
ADVERTISEMENT

The e-auction allows traders to take part in the auction process online and put in their bid in the open through ICUMS – Ghana’s single window electronic customs trade and revenue mobilisation tool.

For the 44 vehicles auctioned, the e-auction system saw a bid price of GHS2.12 million, an increase of 10.2 per cent from the reserve price of GHS1.92 million.

The 13 general goods also saw the GRA rake in a revenue of GHS186,640.00, an increase of 30.8 per cent, from the reserve price of GHS148,640.00.

Rev Owusu-Amoah said this in an interview with the Ghana News Agency on the sidelines of a visit by officials from Ghana Link Network Services Ltd Network Services Ltd, and Customs Uni-Pass Agency of Korea (CUPIA), implementing parters for the project.

Commenting on this, the Commissioner-General said, “Since we introduced the e-auction, which is even on the pilot phase, we have seen significant improvement in the returns we get from the auction of cars and goods.”

“The last two we did for the goods, we received more than the reserve price for the total cost of the goods that were auctioned, and it was a significant deviation from the previous times since the E-auction was introduced,” Rev Owusu-Amoah added.

On the ICUMS implementation, he said, though there were some challenges at the start, there have been enhancement in at the port, increased efficiency and compliance and enabled traders to send their money fast and know their details and pay before their goods arrived at the port.

Rev Owusu-Amoah also said: “ICUMS has also helped increase revenue – we’ve sealed a lot of the loopholes as a result of the introduction of ICUMS though we admit that there’s continuous improvement that we need to do.”

“The ICUMS system generally has been excellent so far, we

have seen significant improvement in our revenue generation, improved efficiency and received commendations from our stakeholders – importers, exporters and freight forwarders,” he said.

He said that GRA, together with its partners have been reviewing various models under ICUMS, noting that between 2021 and 2022, have about five models added to the system to further enhance operational efficiency.

The Commissioner-General said the Authority was looking forward to a stronger relationship between Ghana Link and Customs Uni-Pass Agency of Korea (CUPIA) to learn and make GRA run the system as much as possible.

Kim Yoon-Shik, Chairman, CUPIA, expressed CUPIA’s appreciation to GRA and Ghana Link for the partnership and support for the successful implementation of ICUMS.

He said: “Through the close cooperation between the two organisations, we hope to contribute to the development of Ghana and Africa, by supporting the modernisation of their customs administration.”

 

 

Source: Ghana News Agency
Tags: AuctionICUMS
Share600Tweet375Share105SendShare
ADVERTISEMENT
Frank Atiase

Frank Atiase

Related Posts

Politics

Government to review national Pensions scheme – President Mahama

June 13, 2025
Social

Circuit court judges and Magistrates schooled on Land and Mineral laws

June 13, 2025
Economy

Second Deputy Governor hints at Collateral Registry Integration with other digital platforms

June 13, 2025
Economy

GSA and Ghana customs launch joint taskforce to streamline port operations

June 13, 2025
King Paluta
Entertainment

King Paluta releases infectious new single ‘Asikyire’

June 13, 2025
Politics

A suit at the Supreme Court injuncted collation of Ablekuma North parliamentary election results-Minister

June 12, 2025

Ad

Search

ADVERTISEMENT

CATEGORIES

  • Business
  • Court
  • Crime
  • Economy
  • Education
  • Entertainment
  • Environment
  • Feature
  • Financial
  • General News
    • Gossip
    • Opinions
  • Headlines
  • Health
  • Lifestyle
  • Maritime
  • NGO
  • Parliament
  • Politics
  • Religion
  • Science
  • Social
  • Sports
  • Technology
  • Top Stories
  • Video News
  • World
    • Africa
    • Americas
    • Asia
    • Europe

Recent Posts

  • Government to review national Pensions scheme – President Mahama
  • Circuit court judges and Magistrates schooled on Land and Mineral laws
  • Second Deputy Governor hints at Collateral Registry Integration with other digital platforms
  • GSA and Ghana customs launch joint taskforce to streamline port operations
  • King Paluta releases infectious new single ‘Asikyire’
  • A suit at the Supreme Court injuncted collation of Ablekuma North parliamentary election results-Minister

  • About Us
  • Advertise With Us
  • Terms of Use
  • Privacy Policy
  • Contact

Copyright © 2024 Myliberty Multimedia Group.

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

Add New Playlist

  • Home
  • Business
  • Crime
  • Politics
  • Economy
  • Education
  • Entertainment
  • Environment
  • Health
  • Sports
  • Lifestyle
  • Technology
  • Parliament
  • Events
  • General News
  • Politics
  • Religion
  • Maritime
  • Social
  • World
  • Video News
  • TV
  • Radio
  • Podcast
Login

Copyright © 2024 Myliberty Multimedia Group.