Tag: GRA
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GRA’s insistence on CTN is bad faith – Freight forwarders
The Ghana Institute of Freight Forwarders (GIFF) has registered its displeasure again over GRA’s latest decision to go ahead with the implementation of the Cargo Tracking Notes (CTN) system despite their arguments against it. The President of the Association, Kwabena Ofosu Appiah in an interview on Eyewitness News described the development as a “monumental display…
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GRA’s ‘controversial’ CTN policy takes effect October 15
The Ghana Revenue Authority (GRA) has announced that it will fully implement the Cargo Tracking Note (CTN) system at Ghana’s ports from October 15, 2018. The system was meant to be implemented in August 2018 but was postponed after pressure from the Freight Forwarders Association. But a letter addressed to the Shipowners & Agents Association…
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Excise tax stamp: 1000 jobs could be lost over seized goods – AGI
The Association of Ghana Industries (AGI) has warned that over a thousand people in the beverages industry in Ghana could lose their jobs if the Ghana Revenue Authority (GRA) fails to remove compliance officers from the factories of its members and engage in further dialogue in relation to the tax stamp policy. According to the President…
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KIA’s Terminal 3 to boost customs revenue
Customs revenue from the Kotoka International Airport (KIA) is bound to see a major boost as the Terminal three begins operations. Officials of the GRA are hopeful that the potential increase in fleet should translate into increased revenue for the Authority. The Terminal three will accommodate all international flights to and from Ghana. The facility…
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GRA misses targets, contracts McKinsey to block loopholes
The Ghana Revenue Authority missed its revenue target for the first eight months of the year. The Authority fell short of its target by 1.8 billion cedis. As a result, it has engaged the services of consultancy firm, McKinsey, to help it block revenue leakages that persist in its revenue collection. The Commissioner General of…
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GRA to stop tax evasion with new exemptions law
The Ghana Revenue Authority is to review the country’s tax exemption laws to address revenue losses. The GRA is concerned that the wholesale exemptions have resulted in exploitation where some beneficiaries eventually evade taxes completely. The comments also come at a time where the government is enforcing its tax laws. The Commissioner in charge of…
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Only 47,000 out of 2m pay direct taxes in Kumasi – Adu Boahen
Although Kumasi in the Ashanti Region has about two million residents who engage in income-earning activities, only 47,000 of them pay direct taxes to the state. This was disclosed by a Deputy Minister of Finance, Charles Adu Boahen at Citi FM’s Economic Outlook programme held at the University of Ghana today, Thursday. “There’re a lot…
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GRA closes down Metro TV for owing GH¢2.3m in taxes
The Ghana Revenue Authority (GRA) on Wednesday, June 6, 2018, locked up the offices of Metro Television. The TV station currently owes taxes amounting to some 2.3 million cedis. According to the GRA, the station refused to heed to its persistent warnings and has defaulted in paying its taxes since 2014. Also, records from the…
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GRA to bear cost of new cargo tracking from June 1st
Starting this Friday – June 1, 2018, all exporters to Ghana will be required to comply with the Cargo Tracking Notes (CTN) policy before they can be allowed entry into Ghana and subsequent clearing of consignment of goods. The CTN requires that any exporter to Ghana, uploads details of the consignment onto a provided platform…
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Uber yields to negotiation with drivers over concerns
Uber is set to engage its drivers to address their concerns on declining profits. The company has disclosed to Citi Business News it will engage the drivers to assess their concerns and arrive at a compromise. The response comes days after some disgruntled drivers of the transport service provider, embarked on a demonstration to protest…