Collaborate With West Blue To Increase Gov’t Revenue – Finance Minister Tells GCNet

Finance Minister, Kenneth Ofori- Atta, has charged GCNet to work in close collaboration with West Blue Consulting to improve government’s revenue at the country’s ports.

He said GCNet must integrate its system with that of West Blue in order to deal with under valuation and misclassification at the ports.

Mr. Ofori- Atta, who made this known when GCNet paid dividend of GHc17 million to government last Friday, expressed worry about the gap between West Blue and GCNet with regards to the Customs Classification and Verification Report (CCVR).

He called for strong collaboration between the two institutions to close the gap to block revenue loopholes at the port.

“The gap between West Blue and GCNet with regards to the Customs Classification and Verification Report (CCVR) sometimes become a worry and we hope that we resolve this,” he said.

It is expected that GCNet would fully integrate its system with West Blue Consulting as part of the National Single Window process.

BUSINESS GUIDE has gathered that government is losing revenue at the ports as a result of GCNet’s delay in fully integrating its system with that of West Blue.

Some importers are taking advantage of the gap between the two institutions to pay less for their consignment.

Under the National Single Window being implemented by West Blue Consulting in collaboration Customs Division of the Ghana Revenue Authority (GRA), all systems in the supply chain must be integrated so that importers would not attempt to falsify documents, under-declare and pay less for a consignment imported.