GRA

GRA Refutes Claims Of Vehicle Auctioning, Warns Against Fraudulent Notices
12 Dec

GRA Refutes Claims Of Vehicle Auctioning, Warns Against Fraudulent Notices

Wontumi10 CommentsBusiness
The Ghana Revenue Authority (GRA) has categorically denied recent reports alleging its involvement in the auctioning of vehicles. In a statement issued on December 11, the GRA described the claims as “false” and reaffirmed its strict adherence to established procedures for auctioning vehicles and goods through its Customs Division. The authority cautioned the public to remain vigilant against fraudulent schemes and advised individuals not to make payments to unauthorized persons or groups linked to these false reports. Reiterating its commitment to transparency, the GRA urged the public to rely solely on official communications for accurate and reliable information about its…
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London Court Set To Decide On GRA’s $400M Tax Dispute With Tullow Oil
05 Dec

London Court Set To Decide On GRA’s $400M Tax Dispute With Tullow Oil

Wontumi10 CommentsBusiness, ,
Tullow Oil has provided an update in its Trading Report released on November 29, 2024, revealing that the International Arbitration Court in London is preparing to deliver its decision on the tax dispute with the Ghana Revenue Authority (GRA). The case centres around a $400 million tax assessment, and a verdict is expected by the close of the year after both parties presented their arguments. In the report, Tullow Oil confirmed that a hearing took place in October 2023, with the court’s decision anticipated before the year’s end. Tullow’s CEO, Rahul Dhir, discussed the potential consequences of the court’s ruling earlier this…
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Chinese Company In ‘Hide And Seek’ With GRA Over Tax
04 Oct

Chinese Company In ‘Hide And Seek’ With GRA Over Tax

Wontumi1Showbiz
Chinese conglomerate Sunda International is facing mounting allegations of tax evasion, producing substandard products, and violating Ghanaian laws, all while allegedly bribing customs and immigration officials to turn a blind eye to their illicit activities. Sunda, registered in Ghana as an importer and manufacturer of ceramics and sanitary ware, is accused of expanding into the production of baby diapers, washing powder, and chemicals without the required accreditation. Despite repeated warnings from the Ghana Standards Authority (GSA) to cease these unlicensed operations, the company allegedly continues to defy regulations, raising concerns over the safety of Ghanaian consumers. The scandal extends beyond…
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GRA Pushes For Comprehensive Tax Policy Reforms To Boost Compliance
23 Aug

GRA Pushes For Comprehensive Tax Policy Reforms To Boost Compliance

Wontumi1Business
The Ghana Revenue Authority (GRA) has added its voice to the growing calls for comprehensive policy reforms to amend the country’s tax systems. This call for change was strongly emphasised by the Commissioner-General of the GRA, Julie Essiam, during her address at the 12th Annual International Tax Conference, an event organized by the Chartered Institute of Taxation, Ghana. Commissioner-General Essiam pointed out the pressing need for a reevaluation of the current Value Added Tax (VAT) structure, which she described as cumbersome and challenging for both individuals and businesses to navigate. In her remarks, she underscored the importance of creating a…
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GRA Grants Amnesty To Users Of Uncustomed Vehicles
08 Aug

GRA Grants Amnesty To Users Of Uncustomed Vehicles

Wontumi1Business,
The Customs Division of the Ghana Revenue Authority (GRA) has granted a two-month amnesty period for users of uncustomed vehicles. The amnesty which took effect from August 1 will end on September 30, 2024. In a press release, GRA said all penalties that would have been imposed should such vehicles be impounded by personnel of the Customs Division will not be applied during the stated period. Meanwhile, all users of uncustomed vehicles have been urged to take advantage of this window and regularise documentation of their vehicles that have been illegally imported into the country. Find the statement below: Source: Adomonline
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ECG, Nine Others Owe GRA Over GH¢1 Billion In Unpaid Taxes
29 Jul

ECG, Nine Others Owe GRA Over GH¢1 Billion In Unpaid Taxes

Wontumi1Business,
Some ten state institutions, including the Electricity Company of Ghana (ECG) and the Ghana Airports Company Limited (GACL), are reported to owe the Ghana Revenue Authority (GRA) over GH¢1 billion in unpaid taxes. According to officials from the revenue arm of the government, some of the mentioned institutions that remain viable have expressed their commitment to paying the taxes. This information was revealed when officials from the GRA appeared before the Public Accounts Committee on Monday, July 29, 2024. “GACL and Graphic Corporation currently have cash flow challenges. They have informed us that we need to grant them a moratorium to allow…
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GRA Board Commends Management And Staff For Exceeding 2024 Mid-Year Target
23 Jul

GRA Board Commends Management And Staff For Exceeding 2024 Mid-Year Target

Wontumi1Business
The Board Chairman of the Ghana Revenue Authority, Joe Ghartey, has commended the Commissioner General of GRA, Julie Essiam and her able management team and competent staff for their outstanding performance in exceeding the 2024 mid-year target. In a statement signed by the GRA Board Chair, Joe Ghartey, he said this historic performance comes during a challenging year characterized by seasonal challenges including an elections year. The Board stated that this performance demonstrates the continued trust they have reposed in management and staff in working against all odds to deliver on their mandate. The Board of the Ghana Revenue Authority…
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GRA Targets 2 Million Informal Sector Taxpayers
22 Jul

GRA Targets 2 Million Informal Sector Taxpayers

Wontumi1Business
The Ghana Revenue Authority (GRA) has said it is finalising processes to capture some two million potential informal sector taxpayers into the tax net. Speaking to the B&FT at a media briefing in Accra, Commissioner, Domestic Tax Revenue Division, GRA, Mr. Edward Gyambrah said plans are far advanced to roll out the Modified Taxation System and capture about two million small and medium taxpayers from the informal sector. “This system will capture everyone who earns income in the country, and we envision roping-in about two million before end of year. We’ve been working on it over the last three months and its…
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GRA To Go After Public Institutions, Other Firms Over Tax Payment Arrears
21 Jun

GRA To Go After Public Institutions, Other Firms Over Tax Payment Arrears

Wontumi1Business
The Ghana Revenue Authority (GRA) has announced that it will in the coming days embark on a debt collection exercise to help recover all outstanding taxes due the state. The Authority in a statement said that the exercise will cover all categories of taxpayers as it is advising all persons and companies with outstanding arrears to move now to settle their obligations. It added that, the Ghana Revenue Authority will use all enforcement tools to retrieve these unpaid taxes after this Friday. Source: myjoyonline
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I’ll Meet GRA’s Revenue Target In A Friendly Manner – Joe Ghartey
23 May

I’ll Meet GRA’s Revenue Target In A Friendly Manner – Joe Ghartey

Wontumi1Business,
The newly appointed Board Chair of the Ghana Revenue Authority, Joe Ghartey, has pledged to diligently work towards bolstering the government’s revenue target while maintaining the Authority’s business-friendly approach. President Nana Akufo-Addo appointed Joe Ghartey as the new Board Chair of the Ghana Revenue Authority (GRA) on Wednesday, May 22. Addressing a brief inaugural ceremony led by the Finance Minister, Mr. Ghartey, who also serves as the current Member of Parliament (MP) for Essikado-Ketan, emphasised the critical need to meet GRA’s targets promptly. “The GRA is very crucial in the life of our nation, especially at this time and it…
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