GRA Archives - Page 3 of 13

23 Feb

KPMG To Submit Its Audit Report Of GRA/SML Contract Today

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KPMG is set to deliver its audit findings on the transaction involving the Ghana Revenue Authority (GRA) and Strategic Mobilisation Ghana Ltd (SML) to President Akufo-Addo today, Friday, February 23. Originally slated for submission on Tuesday, January 16, the deadline was extended to accommodate a request from KPMG, as confirmed by the President. A statement signed by the Director of Communications at the presidency, Eugene Arhin, on Wednesday, January 24, said, “KPMG is to submit its final report no later than Friday, 23rd February 2024.” The scrutiny intensified following an investigative piece by the Fourth Estate in December 2023, implicating SML, the…

20 Feb

Let’s Work Together To Achieve GH¢146Bn Target For 2024 – Amin Adam To GRA

wontumionlineBusinessDr. Mohammed Amin Adam, GRA

Mohammed Amin Adam, the newly appointed Finance Minister, has urged the Ghana Revenue Authority (GRA) to work hard to achieve its financial targets for the fiscal year 2024. He stressed that the GRA should adhere to a sophisticated roadmap that balances a user-friendly approach with the uncompromised execution of its mandate. During a visit to the GRA headquarters in Accra on Monday, Dr. Adam reiterated his dedication to enhancing domestic revenue. He also underscored the importance of teamwork in ensuring that the country remains aligned with its IMF programme. This collaborative approach, Dr. Adam believes, is crucial for the nation’s…

12 Feb

GRA’s Domestic Tax Revenue Division Surpasses 2023 Target, Aims For GHC111Bn In 2024

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The Domestic Tax Revenue Division (DTRD) of the Ghana Revenue Authority (GRA) contributed GH¢82.295billion to tax revenue in 2023 as compared to GH¢53.444billion in 2022. In all, the GRA mobilised a total of GH113.06billion for the 2023 fiscal year. The DTRD’s contribution was 7.2 percent more than it set out to achieve. In 2024, the DTRD has set a target to collect GH¢111billion, out of a total GH¢170billion revenue target for the year. The Commissioner-DTRD, GRA, Edward Apenteng Gyamerah, revealed this at DTRD’s 2024 management retreat held in Takoradi. It was themed ‘Tax Transparency and Certainty: The GRA Way’. The…

09 Feb

We’ve Not Auctioned COCOBOD’s Agrochemicals, Fertilizers – GRA

wontumionlineBusinessCOCOBOD, GRA

The Ghana Revenue Authority (GRA) has debunked reports alleging that it is auctioning some agrochemicals, fertilizers, and other inputs due to COCOBOD’s inability to pay duties on the items. GRA described such reports as disingenuous and misleading. It urged Ghanaians to disregard the report. GRA in a statement explained that “some agrochemicals and other items were imported into the country by COCOBOD. These items overstayed at the State Warehouse and as a result, were sent to the Uncleared Cargo List (UCL). Thereafter, the items were gazetted as the law demands. However, because the agro products are essential commodities needed for effective…

05 Feb

Independent Tax Appeals Board To Begin Work By Quarter One, 2024 – GRA Boss

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The Independent Tax Appeals Board is set to commence work by the first quarter of 2023 as all documentation and recommendations from the Attorney General have been received. This is an assurance from the Commissioner-General of the Ghana Revenue Authority, Rev. Dr. Ammishaddai Owusu Amoah. According to him, the board will fast-track the operations of the Tax Appeals Board. The independent Tax Appeals Board was set up about a year ago to adjudicate litigation on tax payments and settlement processes. In an interview with Joy Business, the Commissioner-General expressed confidence that the operations of the Tax Appeals Board will contribute…

30 Jan

GRA Chases Receiver Of Defunct Banks To Pay Evaded Taxes Of GHȼ91 Million

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The Ghana Revenue Authority (GRA) is on the heels of the receiver of the defunct banks for some GHȼ91 million evaded taxes. The central bank in 2017 revoked the licences of over 300 financial institutions for various financial breaches. Appearing before the Public Accounts Committee Monday morning, the Ghana Revenue Authority revealed they are unable to collect a total of GHȼ91 million in taxes owed by the defunct banks. According to Mr. Edward Apenteng Gyamerah, Commissioner in Charge of Domestic Tax and Revenue Division at the GRA, the receiver has been written to on several occasions, to pay the money…

29 Jan

GRA Bags GH¢113Bn In 2023 – Highest Collection In 20 Years

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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 fiscal year, the authority was tasked to collect GH₵106 billion in tax revenue, representing a 40 per cent growth over the GH¢75.71 billion collected for 2022. The revenue target was later revised to GH₵109.19 billion. Recorded growth In an interview, the Commissioner-General of GRA, Rev.…

26 Jan

GRA Targets GH¢146Bn In 2024

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The Ghana Revenue Authority (GRA) will focus on customer satisfaction as part of a strategy to meet its revenue target of GH¢146 billion for 2024. Last year, the authority was tasked to collect GH¢108 billion but although it is yet to put out the total revenue mobilised at the end of last year, it says it exceeded its target significantly. The focus on customer satisfaction is also to promote voluntary compliance by taxpayers. The Commissioner-General of the GRA, Rev. Dr Ammishaddai Owusu-Amoah, made this known at the maiden edition of the GRA’s customer experience conference in Accra last Wednesday. The…

11 Jan

GRA Boss Breaks Silence On Claims Of Absconding From Ghana

wontumionlineBusinessGRA, GRA boss

The Commissioner General of the Ghana Revenue Authority, Dr. Ammishaddai Owusu-Amoah, has debunked allegations that he and his entire nuclear family have absconded Ghana over the $100 million Strategic Mobilisation Ghana Limited (SML) corruption scandal. According to him, he is back in the country going about his duty as Commissioner-General of the GRA after a short visit with his family outside the country. “As you can see I have not abandoned my position because of the SML deal”, he said after Joy Business caught up with him during an inspection tour of some GRA offices in the Greater Accra region.…

20 Dec

GRA Denies “Questionable” Contract With SML; Insists Deal Saved Ghana ¢3Bn

wontumionlineBusinessGRA, SML

The Ghana Revenue Authority (GRA) has denied publication by ‘The Fourth Estate’ that it awarded a ‘’questionable’’ contract to Strategic Mobilization Ghana Limited (SML) to monitor Upstream Petroleum Production and to audit the value chain of Minerals and Metals Resources. In a statement, the authority affirmed that, together with the Ministry of Finance, it signed a consolidated contract with SML to monitor and audit Downstream Petroleum Sector in 2019, Upstream Petroleum Production in 2023, and Minerals and Metals Resources Value Chain in 2023. It explained that the contract is designed to operate for five years contrary to the ten years…