The Ghana Union of Traders Association has welcomed the recent announcement by the Ghana Revenue Authority to digitize payments for its services.
In an interview with Citi Business News, the President of GUTA, Dr Joseph Obeng commended GRA for the latest initiative.
“That is the new norm. The world is changing towards digitization, and so I think it’s in the right order.”
He however expressed some security concerns with the move.
“My fear is how they are going to make sure that we are going to be protected against fraudulent acts.”
“We have to sit down so that they provide us with some comfort by helping us understand the system of payment and whether we will be indemnified in case of any fraud. You know in this e-commerce and e-trading, you normally see people come with new tricks so if we can also be assured of this then it will go a long way to help us.”
A GRA circular to its staff states that effective July 1, 2021, all payments for Taxes and Duties must be made directly to GRA bank accounts through digital means such as bank transfers, ACH, swift, cards, MoMo, and other electronic means.
This is in line with government’s digitalization plan and the Authority’s effort to improve administrative efficiency and check tax evasion.
Some tax analysts had indicated that this would go a long way to increase the country’s tax net.