The Vice President, Dr. Mahamudu Bawumia has claimed that an initial assessment of the implementation of the paperless system at the country’s ports, has shown a revenue collection improvement of 56 percent.
According to him, revenue at the ports increased from GHc130 million in the first week of September 2016, to GHc230 million in the same period for 2017.
Speaking at the launch of the onboarding programme for National Service Personnel into the National Communications Authority, Dr. Bawumia stated that, the recent agitation against the scheme was meant to derail it due to revenue leakage that were blocked.
“On September 1, we launched the paperless [system], but of course not without attempts to actually derail the process, because it’s hurting a lot of people who were making free money and people who used to take two weeks to clear a container after one day of delay were protesting. Are you protesting the system or something else?”
“The results are amazing. We just looked at data this morning – first week of collections under the paperless system in September this year compared to last year first week of collections in September 2016, and collections have gone up by 56 percent; 56 percent from around GHc130 million to GHc230 million in one week,” he added.
Government began the implementation of the paperless clearing system on September 1, 2017, to speed up the process of clearing goods from two weeks to four hours, and ensure order at the port, whilst blocking loopholes.
But the aim to which the system was established experienced some hitches following which hundreds of angry Freight Forwarders thronged the Longroom of the Tema Port to protest over the delays in the system at the beginning.
Source: citifmonline.com
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In accounting, you compare figures or percentages to the same period of time. The same period of time is the fist week of September in the previous years. Therefore, Dr. Bawumia is right to compare first week of sept 2017 to the first week of sept 2016.
Frankie, I do not want to guess you belong to the NDC-Propagandist, who see nothing good about the good Job NPP is doing. If you read the title:'Port Revenue Up By 56% After Paperless System', carefully you will realize that the stress is on the Revenue Collection in the period,'After the paperless System'. Thus, the inclease in Revenue Collection from GHc130m to GHc230 in the period Sept.2016-Sept.2017 is 77%. And the break down is 21% in the period 'Before the paperless System and 56% in the period 'After the paperless System.In cash terms GHc 27.3m and GHc72.7m respectively.Indeed, the paperless System within the short time of it's implementation, has realized approx.3 times as much Revenue as before the paperless system. Yet, NDC claim to know better, though, out of ignorance, incompetence and lack of analytical thinking. I do, offer here free of charge to lecture Analytical Thinking in the new established NDC Ideological Institute if NDC so wish.
If Dr. Bawumiah compare 1st week of September 2016 to same week in 2017, what is the apple and what is the orange? Are you more analytical than him?
If Dr. Bawumiah compare 1st week of September 2016 to same week in 2017, what is the apple and what is the orange? Are you more analytical than him?
he thinks we are still campaign time where he can lie with figures and do wrong comparisons. we are monitoring everything. you cant ***barred word*** us. this is not voter register
that is gh for you every good move will be resisted by the greedy bastards. more fire Mr vice president.
Comparison is based on particular period and Vice President with his from Bank of GHANA should have informed how to present what he is doing. Dollar /GHS rate in 2016 September and 2017 September should have been part of his presentation. We want analysis with strategy and business acumen to relate the information properly. MR VICE PRESIDENT COME AGAIN.
We all have to encourage good that will clearing of goods at the ports smooth without hitches and also ensure that the right revenue generated will be channelled to fund projects that benefit the entire nation.I pray that players of this exercise will make this new measures a success.
Frankie, I do not want to guess you belong to the NDC-Propagandist, who see nothing good about the good Job NPP is doing. If you read the title:'Port Revenue Up By 56% After Paperless System' you will realize that the stress is on the Revenue Collection in the period,'After the paperless System'. Thus, the inclease in Revenue Collection from GHc130m to GHc230 in the period Sept.2016-Sept.2017 is 77%. And the break down is 21% in the period 'Before the paperless System and 56% in the period 'After the paperless System. Yet, NDC claim to know better, though, out of ignorance, competence and lack of analytical thinking. I do, offer here free of charge to lecture Analytical Thinking in the new established NDC Ideological Institute if NDC so wish.
Not Enough. If all the loopholes are closed, revenue is supposed to go up by 1000%. It means some people are still cheating the system.