Deputy Minister for Trade and Industry, Carlos Ahenkorah, has underscored the importance for the implementation of the Cargo Tracking Notes (CTN).

Mr Ahenkorah said the system was not only for valuation but to block loopholes for revenue maximisation.

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“We are doing this project as a risk management tool because we are losing a lot of revenue at the port,” he stated on Adom FM’s Fabewoso Monday.

The deputy Trades Minister stated that because Ghana was an imports revenue-dependent country, the system was needed to stop thievery at the ports.

Carlos Ahenkorah assured importers and their clearing agents that the new advanced cargo information system will not come with additional costs.

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“I’m going to push for the charges on the CTN to be dropped so that importers will be free,” he added.

CTN, also known as Loading Certificate, is an official marine document that contains information relating to the cargo and its movement between ports.

The Ghana Revenue Authority (GRA), under the auspices of the Ministry of Finance, has appointed CTN Ghana Ltd as the sole representative for the implementation of CTN System to and from Ghana with the rest of the world.

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Under the system, exporters would be required to provide detailed and timely information about their shipment in advance on a global online platform.

By adopting the CTN system, Ghana Customs would be seeking to modernise its operations to facilitate the movement of the legitimate trade in line with international best practices.