Tag: Reversal of benchmark value reduction policy
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Akufo-Addo directs GRA to defer reversal of benchmark value discounts
The President, Nana Addo Dankwa Akufo-Addo, has directed the Ghana Revenue Authority (GRA) to suspend the planned implementation of the reversal of the benchmark value discounts introduced to cushion Ghanaians against price hikes. At a meeting with officials of the GRA and other stakeholders, the President gave a deadline of January 17 for all consultations…
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Benchmark value discounts reversal: 10-day deferment period not enough – Importers & exporters
The Importers and Exporters Association of Ghana has rejected the 10-day period for the deferment of the implementation of the reversal of the benchmark value discounts. The association explains that the 10-day period is not enough for their members to clear their goods that arrived in the country’s port ahead of the initial implementation date…
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Benchmark value reversal: Food and Beverages Ass. laments lack of stakeholder consultation
The Food and Beverages Association has lamented the lack of stakeholder consultation regarding the government’s decision to reverse the 50% benchmark value reduction policy on some 43 selected items. The Association, along with the Ghana Union of Traders Association, has warned that consumers will soon be paying more for basic commodities affected by the policy…