Tag: Ghana Revenue Authority
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GRA monitoring team retrieves over GHC85m revenue shortfall
The monitoring team of the Ghana Revenue Authority, GRA has mobilised over 85 million cedis in domestic revenue within the first five months of operation. The monies were recovered by four teams put in place to undertake risk based and intelligence driven operations across the country between October 2022 and February 2023. The four teams…
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GRA generates over GH¢178bn between 2020 and 2022
The Ghana Revenue Authority (GRA) has mobilised over GH¢178 billion in domestic revenue, exceeding revenue targets by GH¢6.5 billion over a three-year period. With a combined target of GH¢171.66 billion, the Authority was able to generate GH¢ 178.16 billion between 2020 and 2022. This includes revised targets of GH¢42.7 billion, GH¢57.02 billion and GH¢71.94 billion…
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GRA reverses 30% discount on imported goods, vehicles effective January 1
The Ghana Revenue Authority (GRA) has announced the reversal of 30% discount on import values of general goods and 10% discount on Home Delivery Value of vehicles effective January 1, 2023. The reversal according to GRA follows the government’s 2023 budget statement and economic policy. In a statement issued by the GRA, it said, “following…
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Customs Division of GRA charged to enforce ban on grains, soya beans export
The Ghana Revenue Authority, GRA, has charged stations in border towns in the northern region to implement the ban on exportation of grains and soya beans The ban, which took effect in September 2021, was due to expire at the end of March but was extended to September 2022. In a communique issued by the…
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GRA rolls out electronic invoicing system from 1st October
The Ghana Revenue Authority (GRA) from Saturday 1st October 2022 began with the use of a certified invoicing system for the administration of Value Added Tax (VAT) in Ghana. This forms part of efforts to increase tax compliance and generate more revenue for the state. A Certified Invoicing System is an electronic invoicing system(E-VAT) certified…
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Col. Damoah removed as Customs Commissioner in the wake of Labianca saga
The Commissioner of the Customs Division of the Ghana Revenue Authority (GRA), Colonel (Rtd.) Kwadwo Damoah, has been directed by the President to hand over his duties to an acting Deputy Commissioner at the Authority, Seidu Iddrisu Iddisah. Col. Damoah had been serving in his position despite his contract expiring in October 2021, according to…
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We’re not charging E-levy on merchant accounts – GRA
The Ghana Revenue Authority (GRA) has denied reports on various social media platforms indicating that the authority will from today, Friday, July 1, 2022, begin charging the 1.5 percent Electronic Transfer Levy (E- Levy) on merchant SIM cards. According to the authority, the levy does not apply to specified merchant payments per section 2 (2)…
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Over 120,000 persons reimbursed for wrongful e-levy deductions – GRA
After the initial challenges that fraught the first few days of the implementation of the electronic transfer levy, over 120,000 customers have so far been reimbursed for wrongful deductions. Head of Project Management Unit at the Ghana Revenue Authority Isaac Kobina Amoako stated that “The data we had for those who had a refund on…
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GRA to roll out second phase of ICUMS by end of March
The Ghana Revenue Authority (GRA) has disclosed plans to roll out the second phase of the Integrated Customs Management System (ICUMS) at the ports by the end of the first quarter of this year to rake in more revenue for the country. The Integrated Customs Management System deployed in March 2020, is a single-window project…
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Tax analyst lauds GRA’s plan of taxing e-commerce, online businesses
Tax analyst, Francis Timore Boi, has lauded the Ghana Revenue Authority’s plans to begin taxing electronic commerce and online businesses. The GRA has disclosed of plans of raking in some GH¢2.7 billion from taxes as it targets betting, gaming, and e-commerce companies starting from April this year. This will mean the likes of Netflix and…