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    Rock of the Future: Chairman of Atlantic Lithium Neil Herbert (l) presents a sample of Lithium ore to MIIF CEO Edward Nana Yaw Koranteng. Demand for Lithium is set to quadruple over the next ten years due to the accelera- tion in the production of Electronic Vehicles (EVs).

    MIIF to invest an initial $32.9 million into Ghana’s first lithium mine

    Fitch Solutions predicts Ghana’s medical devices market to post double-digit growth

    Five business executives to be prosecuted over data privacy breaches

    Citi Business Olympics sold out; all set for Saturday

    South Africa adds Ghana to E Visa list

    NIB too important to collapse, govt must restructure balance sheet – Adongo

    Decentralizing your operations will boost revenue mobilization – GRA told

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    Rock of the Future: Chairman of Atlantic Lithium Neil Herbert (l) presents a sample of Lithium ore to MIIF CEO Edward Nana Yaw Koranteng. Demand for Lithium is set to quadruple over the next ten years due to the accelera- tion in the production of Electronic Vehicles (EVs).

    MIIF to invest an initial $32.9 million into Ghana’s first lithium mine

    Citi Business Olympics sold out; all set for Saturday

    NIB too important to collapse, govt must restructure balance sheet – Adongo

    Decentralizing your operations will boost revenue mobilization – GRA told

    OMCs call on NPA to deal with influx of Chinese tanker trucks

    Tullow driving local participation in Ghana’s oil and gas sector

    GHEITI introduces beneficial ownership addresses for transparency in extractive licensing procedures

    Girls in Aviation Day Celebrated at Kotoka International Airport

    Monetary policy rate held steady at 30%

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    Rock of the Future: Chairman of Atlantic Lithium Neil Herbert (l) presents a sample of Lithium ore to MIIF CEO Edward Nana Yaw Koranteng. Demand for Lithium is set to quadruple over the next ten years due to the accelera- tion in the production of Electronic Vehicles (EVs).

    MIIF to invest an initial $32.9 million into Ghana’s first lithium mine

    Fitch Solutions predicts Ghana’s medical devices market to post double-digit growth

    Five business executives to be prosecuted over data privacy breaches

    Citi Business Olympics sold out; all set for Saturday

    South Africa adds Ghana to E Visa list

    NIB too important to collapse, govt must restructure balance sheet – Adongo

    Decentralizing your operations will boost revenue mobilization – GRA told

    OMCs call on NPA to deal with influx of Chinese tanker trucks

    Tullow driving local participation in Ghana’s oil and gas sector

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    Rock of the Future: Chairman of Atlantic Lithium Neil Herbert (l) presents a sample of Lithium ore to MIIF CEO Edward Nana Yaw Koranteng. Demand for Lithium is set to quadruple over the next ten years due to the accelera- tion in the production of Electronic Vehicles (EVs).

    MIIF to invest an initial $32.9 million into Ghana’s first lithium mine

    Citi Business Olympics sold out; all set for Saturday

    NIB too important to collapse, govt must restructure balance sheet – Adongo

    Decentralizing your operations will boost revenue mobilization – GRA told

    OMCs call on NPA to deal with influx of Chinese tanker trucks

    Tullow driving local participation in Ghana’s oil and gas sector

    GHEITI introduces beneficial ownership addresses for transparency in extractive licensing procedures

    Girls in Aviation Day Celebrated at Kotoka International Airport

    Monetary policy rate held steady at 30%

  • TECHNOLOGY

    Genius IT Foundation achieves STEM.org accreditation

    Pharmaceutical Society charged to utilize AI to transform industry

    Apple says iPhone and iPad apps will show up on the vision OS App Store from the get-go

    China launches $41 billion fund to accelerate semiconductor industry

    Digital marketing: Event managers urged to explore growth opportunities

    Govt. urged to commit more investments to enhance AI competencies

    Stakeholders in digital ecosystem charged to do more to protect child privacy

    Cyber hygiene key for public safety – Dr. Albert Antwi Boasiako

    Ban on cryptocurrency still in force – Finance Ministry warns

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    South Africa adds Ghana to E Visa list

    Ofori-Atta commends G20 for AU’s inclusion, urges common voice

    Nine ventures announced for Africa Money and DeFi Summit investment showcase

    African Union to launch regional credit rating agency in 2024

    New study reveals alarming food access disparity affecting 650 million Africans

    Global food price index declines in August

    ECO currency challenges: Technical committee attributes delays to external shocks, others

    African leaders emphasize in-continent processing of mineral wealth at climate summit

    Indian investors commit $14 billion to Nigeria, to strengthen several Nigerian sectors

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GRA seizes tons of carbonated, alcoholic beverages over tax evasion

bycitibusinessnews
June 30, 2023
in Featured, Top Stories
Share on FacebookShare on TwitterShare on Whatsapp

The Ghana Revenue Authority’s Excise Unit has seized numerous cartons of malt, vodka, Coca-Cola, and various carbonated beverages.

The market value of these drinks according to the GRA’s valuation amounts to thousands of Ghana Cedis.

The discovery was made in an open market where the products were being sold without the required excise stamp, indicating an attempt to evade tax.

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Head of the Excise Unit at GRA, Kwabena Apau announced the seizure and bemoaned the flagrant rates at which people flout the country’s revenue collection laws.

“We have intercepted bottled water, carbonated soft drinks, beer such as Heineken, cigarettes etc. and we expect that those products would have been fixed with stamps either manufactured locally or imported and we have noticed that most people are now flouting the law.”

He also disclosed the GRA’s resolve to enforce the country’s revenue laws to collect the taxes that are currently leaking.

“These products, particularly the imported ones are coming in without the stamps which means that no taxes have been paid on them and this is what we need to stop as you know, GRA has the mandate to collect taxes and so all the measures that we have to take including the tax stamp policy that is to enhance revenue collection has to be enforced and that is what we are doing.”

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