Tag: GRA
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GRA Boss Kofi Nti announces retirement
The Commissioner-General of the Ghana Revenue Authority will, effective October 1, 2019, retire from the revenue collection agency. In his place, Mr. Ammishaddai Owusu-Amoah, Commissioner for Domestic Tax Revenue Division (DTRD), will become the acting Commissioner-General also responsible for DTRD. Accepting the announcement notification of Mr. Nti, Finance Minister Ken Ofori-Atta said the government will…
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GRA staff adopts ‘name & shame’ strategy to bridge revenue gap
The continuous drop in revenue collection by the Ghana Revenue Authority is to be tackled through a new program being spearheaded by the Authority, known as “operation collect, name and shame”. The exercise will involve the publication of the names of individuals and organisations that have and continue to default in their tax obligations to…
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Simplify tax issues to boost public compliance – Oxfam charges Gov’t
Some tax analysts have charged the government to boldly implement the needed measures to strengthen the country’s tax regime into a highly progressive one where those earning more continue to pay more. The sentiments were shared at the 2nd Ghana Tax Dialogue Forum organized by Oxfam Ghana on the theme “How should a fair tax…
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Achieving revenue targets must transcend staff reshuffle — Tax expert tells GRA
Tax Analyst with Ali Nakyea & Associates, William Demitia is urging the government to tackle the fundamental issues that hinder revenue mobilization if it is to achieve set targets for this year and beyond. His comments come on the back of a rotation exercise carried out at the GRA which has affected more than one…
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Drop in benchmark values : Smugglers to face prosecution – GRA
The Ghana Revenue Authority (GRA) has stressed that it will not spare any importer who smuggles goods into the country in a bid to avoid paying the required taxes on their products. The caution follows the implementation of revised benchmark values on imports. The government believes the move should help reduce smuggling of goods into…
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Revised benchmark values : Importers access actual figures on goods
Calculation and payment of new benchmark values on imports have been made easier following the publication of detailed documents by the valuation agencies at Ghana’s ports. The Vice President, Dr. Mahamudu Bawumia on April 3, 2019 announced cabinet’s decision to slash the benchmark values by fifty percent (50%) for all imports and thirty percent (30%)…
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GRA welcomes reduction in import values
The Ghana Revenue Authority (GRA) says it is hopeful that the announcement of the reduction of the benchmark values on some goods at the port will help the authority meet its financial target for the year. Last year, the GRA was not able to meet its revenue forecast. The Vice President, Mahamudu Bawumia at a…
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Parliament approves GH¢1.2 billion for GRA in 2019
Parliament has approved an amount of about 1.2 billion cedis for the Ghana Revenue Authority (GRA) for the 2019 financial year. According to the Finance Committee of Parliament, the amount is necessary to help the GRA with its pursuit of registration and issuance of Taxpayer Identification Numbers [TIN] as well as other means the authority…
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GRA to sanction officials in bribery allegations over TIN registration
The Ghana Revenue Authority (GRA) has cautioned that it will not spare any of its officers who will be implicated in taking bribes before registering people for Tax Identification Numbers (TIN). There have been allegations that some officers have been demanding money from taxpayers before registering them. The issue is also cited as contributing to…
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CTN brawl: GRA alarmed at opponents’ intended strike
The Ghana Revenue Authority has described as unfortunate the decision by freight forwarders to embark on a strike action if the authority goes ahead with the implementation of the CTN system. The freight forwarders have constantly expressed their displeasure over the system and have called on the GRA to reconsider its decision in rolling it…