Ghana Proposes Customs Reforms to Boost Revenue and Curb Abuse

• The bill aims to boost revenue collection and curb abuse of customs suspense regimes.
• It sets maximum warehousing periods: 3 months for perishable goods, 6 months for general goods, and 12 months for raw materials.
• It limits re-warehousing to 6 months and requires bonded warehouses to use electronic inventory systems linked to Customs for real-time monitoring.
• It introduces a first-port duty rule, requiring duties and taxes on transit goods to be assessed in Ghana at the first port of entry.
• It makes TINs mandatory for import declarations, sets statutory processing timelines, and blocks new import declaration forms until outstanding ones are retired within set deadlines.

Source: kpmg.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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