GRi BEF News Ghana 03 – 11 - 2001

Customs boss calls for import budgeting

Accra Bourse Index closes unchanged

 

 

Customs boss calls for import budgeting

 

Takoradi (Western Region) 03 November 2001-The Commissioner of Customs Excise and Preventive Service (CEPS), Mr. Isaac Opoku-Ntiamoah on Friday advised Ghanaian importers to budget for all goods before bringing them into the country.

 

He decried the attitude of many importers, who do not make the necessary arrangements in terms of tax, transport and other financial obligations when importing expensive items into the country. Mr Opoku-Ntiamoah was speaking in an interview with the Ghana News Agency (GNA) at Takoradi.

 

He noted that any delay in the payment of clearing and custom charges, within the 60-day grace period, would result in the seizure of the goods by the state. The commissioner therefore, urged prospective importers, to ascertain their tax rates and charges before importing any product into the country.

 

Mr. Opoku-Ntiamoah said that the acute accommodation problem facing personnel in the region would soon be over, adding that negotiations are underway for a new building to cater for their needs.

 

He challenged personnel of the service to devise new methods of revenue collection, to increase their annual targets. The commissioner urged them to intensify their preventive services in order to reduce the rising incidence of smuggling along the country's borders.

GRi…/

 

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Accra Bourse Index closes unchanged

 

Accra (Greater Accra) 03 November 2001-The GSE All-Share Index, the key stock gauge of the Ghana Stock Exchange, was unchanged on Friday in a dull trading to finish 961.01 points the same as on Wednesday.

 

Generally, trading was low as the market lost the sparkle of institutional investors.

Shares that changed hands fell to close at 20,900 as against 6.9 million shares at the previous close.

 

SSB Bank which on Wednesday sold 6.9 million shares could only manage 400 shares under heavy bearish sentiments. There was no price change. Market capitalisation stood still at 3,913.85 billion cedis.

 

Below are the closing prices of the listed equities in cedis:

ABL                             320                

AGC                        18,800                                                    

ALW                         4,300                                                                

BAT                              627                                                                            

    

CFAO                            60

EIC                            3,001                            

FML                             950                

GBL                           1,300

GCB                          1,550                                                                

           

GGL                             900                

HFC                             952                            

MGL                             241    

MLC                             145                                                                

           

MOGL                     18,001                                                    

PAF                              800                                        

PBC                              450

PZ                              1,000                                                                

SCB                         20,500                

SPPC                            340      

SSB                           2,300                

UNIL                         2,300                                                                

CMLT                          430

GRi…/

 

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