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    [From the left] Thomas Abanga (CEO of Abanga Farms & Food Systems), Selma Ashipala Musavyi (Namibia High Commissioner to Ghana), Dr. Benjamin Sasu (Head of Food Safety), Mrs. Chariti Gbadawo (Director at the Ministry of Foreign Affairs & Regional Integration) ), Prof Bani (Board Chairman, Abanga Farms and Food Systems) and Clarence Zamuee (MEATCO Rep)

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    GHASALC laments drop on number of digital transactions following e-levy

    Italy’s top producers of agro-tech products explore opportunities in Ghana

    Gov’t to commence talks with IMF for bailout

    Financing agric sector alone not enough to grow it – GIRSAL CEO

    We’re not charging E-levy on merchant accounts – GRA

    Gov’t still plans on tabling a legislation to compel banks to lend to the Agric sector – Agric Minister

    AfCFTA Secretariat calls for accelerated dev’t for key infrastructure in Africa to boost trade

    Financial transactions will be allowed even without Ghana card from 1st July – GAB assures

    Enterprise Group PLC records 37% rise in revenue in 2021

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    [From the left] Thomas Abanga (CEO of Abanga Farms & Food Systems), Selma Ashipala Musavyi (Namibia High Commissioner to Ghana), Dr. Benjamin Sasu (Head of Food Safety), Mrs. Chariti Gbadawo (Director at the Ministry of Foreign Affairs & Regional Integration) ), Prof Bani (Board Chairman, Abanga Farms and Food Systems) and Clarence Zamuee (MEATCO Rep)

    Ghana’s Abanga Farms & Food Systems and Namibia’s Meatco in big partnership

    Gov’t still plans on tabling a legislation to compel banks to lend to the Agric sector – Agric Minister

    Financial transactions will be allowed even without Ghana card from 1st July – GAB assures

    Enterprise Group PLC records 37% rise in revenue in 2021

    Prices of petrol, LPG to fall by 4% in first pricing window of July – IES

    Losses due to fraud in banking sector in 2021 up by 144%; hits GH¢61m – BoG report

    ASTM International pledges support for Ghana’s petroleum industry

    NIB MD laments cost of borrowing for private sector

    Finance professionals urged to develop strategies to boost ESG-driven business environment

  • TECHNOLOGY

    Financial transactions will be allowed even without Ghana card from 1st July – GAB assures

    Losses due to fraud in banking sector in 2021 up by 144%; hits GH¢61m – BoG report

    BoG, CSA deepen collaboration to fight cyber threats

    Dr. Bawumia unveils Ghana’s first Tier IV data centre

    ADB pioneers in global remittance services in Ghana [ARTICLE]

    Introduction of GhanaPay complements efforts to capture the unbanked into digital payments ecosystem – Veep

    #CitiBusinessFestival: How the country can take advantage of the “Ghana Opportunity”

    Chamber of Telecommunications calls for more investment into Technology to improve livelihoods

    Citi Business Festival: Address lack of financial data challenges using MoMo – Rufai Abdul Majeed

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    Ivory Coast is set to receive $26.1 billion worth of development finance from 4 lenders, the EU and France

    Gulf central banks, Bank of England raise policy rates after Fed hike

    US Fed meets inflation surge with 75bp hike

    As Nigeria’s inflation rate accelerates to 17.71%, the World Bank warns millions could face extreme poverty

    Modern airline tickets design with flight time and passenger name. Plane tickets vector pictogram. Airline boarding pass template. Vector illustration. The concept of air transportation

    Ticket prices to rise following B.A schedule change on Accra-London-Accra route

    Bawumia calls for more AfDB support as African economies battle global challenges

    Stringent measures needed to deal with illicit financial transactions in Africa – Akufo-Addo

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GRA, Finance Mins. inaugurate Tax Audit & Quality Assurance Unit to check corruption

bycitibusinessnews
June 17, 2020
in Economy, Top Stories
Commissioner General, GRA, Reverend Ammishaddai Owusu-Amoah (L), Finance Minister, Ken Ofori-Atta (R)

Commissioner General, GRA, Reverend Ammishaddai Owusu-Amoah (L), Finance Minister, Ken Ofori-Atta (R)

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The Ministry of Finance and the Ghana Revenue Authority, GRA, have jointly inaugurated a new Tax Audit and Quality Assurance Unit to ensure a centralized audit planning process and guarantee quality auditing.

The unit will among other things enhance transparency in the tax space, while working to eliminate corrupt acts in revenue mobilization in the country.

Inaugurating the unit, the Finance Minister, Ken Ofori-Atta, said it will also prevent acts of corruption on the part of tax payers.

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“Some auditors in charge of auditing jobs sometimes get away with unprofessional practices because no one audits their work when they are done, so many wrongs are buried upon the issuance of their reports never to be resurrected again, and we want to change that. So there should be an audit to audit the Auditor concept. Once they know their work may be reviewed, they will not compromise on the integrity of their work” the Minister explained.

A survey conducted by the Ghana Integrity Initiative, anti-corruption Consortium, confirmed that bribery is a key factor in the failure by the GRA to meet their revenue targets.

Per the survey, nearly two thirds of the close to eighteen thousand respondents in the survey believed that corruption is on the rise in Ghana.

This is what government seeks to curb to operate a free and transparent revenue base.

The Commissioner General of the GRA, Reverend Ammishaddai Owusu-Amoah, says the Unit will help the Commission improve revenue collection.

“If you as a tax Authority want to be able to wipe away the issue of corruption and integrity, it requires a definite, purposeful act to move ahead otherwise no matter what you do, we will not be able to get the needed result. Therefore GRA as part of our strategic direction aim at coming out with a definite action that will ensure that perception or the reality of corruption as far audit is concerned is reduced to a significant level in GRA. Our commitment to this course is absolute” he stated.

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