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Tag Archives: GRA

GRA to stop tax evasion with new exemptions law

Emmanuel Kofi Nti - Commissioner General, GRA

The Ghana Revenue Authority is to review the country’s tax exemption laws to address revenue losses. The GRA is concerned that the wholesale exemptions have resulted in exploitation where some beneficiaries eventually evade taxes completely. The comments also come at a time where the government is enforcing its tax laws. The Commissioner in charge of Domestic Tax Revenue Division, Kwasi ...

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Only 47,000 out of 2m pay direct taxes in Kumasi – Adu Boahen

Charles Adu Boahen-Deputy Finance Minister

Although Kumasi in the Ashanti Region has about two million residents who engage in income-earning activities, only 47,000 of them pay direct taxes to the state. This was disclosed by a Deputy Minister of Finance, Charles Adu Boahen at Citi FM’s Economic Outlook programme held at the University of Ghana today, Thursday. “There’re a lot of expectations we [Ghanaians] have ...

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GRA closes down Metro TV for owing GH¢2.3m in taxes

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The Ghana Revenue Authority (GRA) on Wednesday, June 6, 2018, locked up the offices of Metro Television. The TV station currently owes taxes amounting to some 2.3 million cedis. According to the GRA, the station refused to heed to its persistent warnings and has defaulted in paying its taxes since 2014. Also, records from the GRA shows the station owes ...

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GRA to bear cost of new cargo tracking from June 1st

GRA

Starting this Friday – June 1, 2018, all exporters to Ghana will be required to comply with the Cargo Tracking Notes (CTN) policy before they can be allowed entry into Ghana and subsequent clearing of consignment of goods. The CTN requires that any exporter to Ghana, uploads details of the consignment onto a provided platform to allow the GRA reconcile ...

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Uber yields to negotiation with drivers over concerns

uber

Uber is set to engage its drivers to address their concerns on declining profits. The company has disclosed to Citi Business News it will engage the drivers to assess their concerns and arrive at a compromise. The response comes days after some disgruntled drivers of the transport service provider, embarked on a demonstration to protest the impact on their businesses. ...

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GRA to set up int’l commodity prices monitoring desk

GRA Commissioner, Emmanuel Kofi Nti

The Ghana Revenue Authority (GRA), has said that it is setting up a desk at its headquarters which is going to be dedicated to monitoring the prices of commodities on the world market. The desk, according to the GRA, will help it reconcile prices of gold and other commodities to that are reported by local producers and exporters. “We want ...

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Uber drivers on sitdown strike over 25% commission

Uber 1

Scores of Uber drivers massed up at the offices of Uber in Accra on Wednesday, April 25, 2018. The drivers who are on a sit down strike, are protesting against what they say is the unfair treatment by the transport services company. According to them, the twenty-five percent retention of all transport fares remitted to Uber, is rendering their businesses ...

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TIN implementation to hit a snag if … –  Analyst

GRA

A Tax Analyst with Ali Nakyea & Associates, William Demitia is warning that the implementation of the Taxpayer Identification Number (TIN) by the GRA could hit a snag if the Authority fails to coordinate with government agencies that provide essential services to the public. The GRA is restricting access to services including acquiring a Driver’s license, passport as well as ...

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Proposed cargo fumigation levy suspended indefinitely

GUTA PORT

Government has ordered the indefinite suspension of the proposed fumigation levy for shippers. The policy, was aimed at fumigating all imported cargo upon arrival at the ports. However, a statement signed by the Information Minister, Mustapha Hameed and copied to Citi Business News said, “After extensive consultation between the government and various stakeholders, the Economic Management Team has instructed that the proposed ...

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Govt suspends import VAT on phones, day old chicks, others

VAT on Fin Services

Government has suspended the charging of import VAT on some 64 commodity groups effective Wednesday, March 21, 2018. The decision was arrived at after extensive consultation between the government and various stakeholders. Citi Business News understands that the charges have been implemented since the 1st of March this year. The traders of such commodities comprising, mobile phones, day old chicks, ...

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Citi Business News