In response to the revenue gap caused by the abandonment of the value-added tax (VAT) on electricity, government plans to implement a tax on the foreign incomes of resident Ghanaians. Earlier this year, the government introduced a VAT on electricity, but public backlash led to its abandonment, leaving a revenue gap of approximately GH¢1.8 billion. […]
The Ghanaian Finance Ministry has announced that Ms Julie Essiam has taken up the position of Commissioner-General at the Ghana Revenue Authority (GRA), marking the first time a woman has assumed this role. She succeeds Rev. Dr. Ammishaddai Owusu-Amoah, who was relieved of his duties on March 27. Ms. Essiam brings a wealth of experience […]
The first batch of drugs for the fight against HIV/AIDS, tuberculosis and malaria is expected to leave the Tema Port by the close of the week. In all, 12 bills of lading of the pharmaceutical products donated by the Global Fund which have been locked up at the Tema Port since May last year will […]
The Minister of Finance, Dr Mohammed Amin Adam, has charged the Customs Division of the Ghana Revenue Authority (GRA) to put in more efforts to reduce revenue leakages at the entry points. He stated that notwithstanding the successes chalked up by the Customs Division, with the Tema Collection alone mobilising 95.03 per cent of its […]
The National Organiser of the ruling New Patriotic Party (NPP), Henry Nana Boakye, commonly known as Nana B, is urging the government to immediately withdraw the Emissions Levy. Nana B contends that emission levies are typically imposed on developed nations that have embraced electric cars to address climate change. He said Ghana has not reached […]
The Ghana Revenue Authority (GRA) collected a tax revenue of GH¢113.06 billion last year, GH¢3.87 billion more than it was tasked to collect. The performance represents a nominal growth rate of 49.3 per cent over the 2022 fiscal year, which the GRA described as the highest ever in the last 20 years. For the 2023 […]
KPMG’s audit deadline of the Ghana Revenue Authority (GRA) and Strategic Mobilisation Ghana Ltd (SML) contract has been extended from the initial date of Tuesday, January 16, 2024, to a new date of Friday, February 23, 2024. The extension followed a request by KPMG. A statement issued by Eugene Arhin, the Director of Communications at […]
The founder of the New Force, Nana Kwame Bediako, has denied tax evasion claims by the Ghana Revenue Authority (GRA). The leader of the New Force made headlines in the state newspapers for his failure to file personal income tax returns from 2013 to 2016, and was fined an amount of GH¢50,000. Also, the publication […]
Strategic Mobilisation Ghana Ltd. (SML) is confident that the ordered audit into its contract with the Ghana Revenue Authority (GRA) and the Finance Ministry will vindicate the deal. SML believes that the forthcoming report by KPMG, the firm tasked with conducting the audit, will demonstrate the integrity of the contract in safeguarding the state’s revenue. […]
President Nana Addo Dankwa Akufo-Addo has directed an audit into SML/GRA contract and has asked for a suspension of the performance of contract. The Director of Communications at the Presidency, Eugene Arhin made this known in a press statement dated January 2, 2024. The statement was released Tuesday night. President Akufo-Addo has subsequently appointed KPMG […]
A swoop by the Ghana Revenue Authority (GRA) Accra South Compliance and Enforcement Team and the police has led to the arrest of a woman behind the operation of a chain of supermarkets and a warehouse in the Teshie area for Value Added Tax (VAT) infractions. The task forces have also summoned the owner of […]
The Ghana Revenue Authority (GRA) has said it has identified a number of businesses that are violating the tax law through its ongoing VAT enforcement exercise in the Greater Accra Region. Through the VAT enforcement exercise, the taskforce found out that many businesses had not registered with the authority, while those that had registered were […]
