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    Ghana is the best destination for investment in West Africa – Bawumia

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    Modify old trade conventions to favor local printing firms – AGI tells govt

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    Ghana is the best destination for investment in West Africa – Bawumia

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    Modify old trade conventions to favor local printing firms – AGI tells govt

    Ken Ofori-Atta, Ministry of Finance for Ghana, gives an interview during day 3 of the AfDB Annual Meetings on 13 June 2019 in Malabo, Equatorial Guinea. (Photo by Malick Silue)

    Ghana sends debt restructuring proposal to official creditors

    IMF mission staff arrive in Ghana today to assess implementation of economic recovery programme

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    Publish gold-for-oil policy document to improve transparency – Dr. Manteaw

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    Ghana is the best destination for investment in West Africa – Bawumia

    African leaders urged to push for electronic cars over combustible automobiles 

    Modify old trade conventions to favor local printing firms – AGI tells govt

    Publish gold-for-oil policy document to improve transparency – Dr. Manteaw

    Re-consider computation of VAT for local industries- AGI tells govt

    IMF proposes acquisition, mergers of banks to mitigate financial sector instability

    Ghana and Côte d’Ivoire partner to tackle cocoa smuggling

    Mobile money disrupted banking in Ghana – Zeepay CEO

    Ghana’s oil reserve recording steady growth – GNPC CEO

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    #CitiBusinessFestival: Trust ecosystem needed to minimize e-commerce fraud – Benedict Bentil

    Citi Business Festival: Forum on Digital Economy comes off today

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    Cyber Security Authority mandate critical to country’s development – Joseph Cudjoe

    MTN shareholders given choice to convert dividend or take cash

    Ghana gets $300 million from US to build first-of-its-kind data center

    Telcoms industry players urged to partner government to promote clean energy transition

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    Ghana and South Africa urged to leverage on AfCFTA to boost bi – lateral relations

    Silicon Valley Bank crisis: What led to stock crash, what lies ahead?

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We’ll leverage on technology to boost efficiency with new Tax Audit unit – GRA            

bycitibusinessnews
June 18, 2020
in Economy, Top Stories
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The Ghana Revenue Authority, GRA, has said it will leverage on technology to boost efficiency at its new Tax Audit and Quality Assurance Unit.

The GRA in collaboration with the Ministry of Finance have jointly inaugurated a new Tax Audit and Quality Assurance Unit to ensure a centralized audit planning process and guarantee quality auditing.

Commissioner General of the GRA, Reverend Ammishaddai Owusu-Amoah, is hopeful deploying the right technology will help them tax appropriately and generate the right revenue for government.

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“One of the smaller units within that department is what we call the data mining and digital unit. In this particular unit we will have the data for our domestic tax, all the data for our customs side, we will have data linked to other government departments like DVLA and SSNIT and lands commission evaluation and all that. So we will use all these multiple data to accomplish what we call Data mining.”

“For example, if you own a Bentley and you are paying for instance Ghc1, 000 as your tax on monthly basis, the data man will be able to match it and know that is the right tax to pay. So basically there are a lot of such analysis and artificial intelligence and we have actually recruited someone with that specialty in that area to do the data matching and data analysis and using artificial intelligence to be able to tax the tax payer” he explained.

The Finance Minister, Ken Ofori-Atta, who inaugurated the unit said it will ensure efficiency in tax collection.

“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.

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