The Commissioner General of the Ghana Revenue Authority, Rev. Ammishaddai Owusu-Amoah, says the commission has adopted measures to reduce tax defaults of Oil Marketing Companies (OMCs). This follows revelations in the 2022 Auditor General’s report that 18 OMCs owed over GH¢3 million in taxes. Rev. Owusu-Amoah noted that while the Authority was in court to […] The post GRA
The Ghana Revenue Authority (GRA) collected 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 […] The post GRA bags GH¢113bn in 2023 –
Deputy Finance Minister Abena Osei-Asare has defended the 2017 financial sector clean-up, which led to the liquidation of 420 institutions. She put up the defence in response to the Chairman of the Public Accounts Committee, James Klutse Avedzi, who attributed the tax default of some of the institutions to the financial sector clean-up. The Ghana […] The post Abena Osei-Asare
The Office of the Special Prosecutor says the outcome of KPMG’s audit on the transaction between the Ghana Revenue Authority (GRA) and Strategic Mobilisation Ghana Ltd (SML) will play a major role in its investigation. The OSP has disclosed that it has commenced a preliminary investigation into the contractual arrangements between the two entities. The […] The post GRA/SML
President Nana Akufo-Addo has granted KPMG’s request for an audit extension on the transaction involving the Ghana Revenue Authority (GRA) and Strategic Mobilisation Ghana Limited (SML). The audit Read More... The post Nana Grants KPMG’s SML Audit Extension
Rev. Dr. Ammishaddai Owusu-Amoah (4th from right) with some stakeholders The Ghana Revenue Authority (GRA) has assured customers of its readiness to continuously provide quality service to improve revenue Read More... The post We’re Committed To Quality Service – GRA
A senior Sanitation Specialist with the World Bank, Ing. Harold Esseku, says the Volta River Authority (VRA) must ensure that the mega disaster caused by the spillage of the Akosombo Dam does not occur again. Speaking at a panel discussion on “Building Resilience: A Socio-Economic Response to Natural Disasters” during the Africa Leadership Initiative West […] The post Akosombo
Rev. Dr. Ammishaddai Owusu-Amoah The Ghana Revenue Authority (GRA) has appealed to President Akufo-Addo to allow SML to continue with its work of improving revenue assurance until government concludes Read More... The post ‘Allow SML Operations
The Ghana Revenue Authority has appealed to President Nana Addo Dankwa Akufo-Addo to allow revenue assurance operations by Strategic Mobilisation Ghana Limited to continue while investigations into the viability of the contract continue. The revenue collection and administration body said the continuation was needed to ensure that the state does not lose revenue within the […] The post Allow
Myjoyonline.com reported recently that the government has requested the Ghana Revenue Authority (GRA) to liaise with the two power distribution companies to transfer Value Added Tax (VAT) generated from consumers who have exceeded their lifeline power consumption. The website, quoting from a release issued by the Finance Ministry said the sector Minister, Ken Ofori-Atta, had […] The post Editorial:
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Ara-B Ara-B, a self-acclaimed Ghanaian Dancehall Prince, attacked Chef Failatu Abdul-Razak for her comments about the lack of support from some big names in the music industry during her Guinness Read More... The post Ara-B Attacks
A few days ago, I participated in the Central Conference on Work Relating to Foreign Affairs in Beijing, China. The conference pointed out the direction for China’s futural diplomatic work and the development of China-Africa relations. I want to take this opportunity to introduce to my Ghanaian friends the guiding principles of the conference and […] The post Toward
OccupyGhana, a pressure group, has requested President Nana Addo Dankwa Akufo-Addo to permit the Auditor-General to audit the contract between the Ghana Revenue Authority (GRA) and Strategic Mobilisation Limited (SML). It has also urged him to revoke his appointment of a private audit firm to conduct the audit and adhere to Article 187 on the […] The post Allow Auditor-General
Yesterday, the President of Ghana announced that he has engaged the local affiliate of KPMG, one of the “Big Four” global professional services firms, to conduct a two-week investigation into the “SML affair”. SML is the name of a hitherto unknown entity created in 2017 by timber merchant, Evans Adusei, and a relative just before […] The post Bright
The President, Nana Addo Dankwa Akufo-Addo, has ordered the immediate suspension of the revenue assurance contract signed between the Ghana Revenue Authority (GRA) and Strategic Mobilization Ghana Ltd (SML). He has also appointed the Audit, Tax, and Advisory Services firm, KPMG, to conduct an immediate audit of the transaction. In a statement dated January 2, […] The post Akufo-Addo
A Tax Analyst, Francis Timore Boi, has lauded the government’s move to introduce the Vehicle Income Tax (VIT). The Ghana Revenue Authority (GRA) announced that effective January 1, 2024, ride-hailing vehicle owners will be taxed. However, this has been met with resistance from the Online Drivers Union, who lament that as key stakeholders, the GRA […] The post Tax
The Ghana Revenue Authority (GRA) has reminded the public that a 10% tax will be withheld from all gross winnings from lotteries, betting, gaming, and other games of chance starting January 1st, 2024. This applies to both the National Lottery Authority (NLA) and private lotto operators (PLOs). While the tax was originally implemented in August […] The post GRA announces
The Ghana Online Drivers Union (GODU) is threatening a nationwide strike if the Ghana Revenue Authority fails to engage them over the recent introduction of the Vehicle Income Tax (VIT) for ride-hailing drivers. The GRA’s announcement of the new tax, effective January 1, 2024, has sparked outrage among GODU members. They argue that the decision […] The post Ride-hailing
Starting from January 1, 2024 ride-hailing companies such as Uber, Yango, and Bolt will be required to pay taxes in Ghana. The Ghana Revenue Authority (GRA) has made this Read More... The post GRA To Tax Uber, Bolt Others appeared first on DailyGuide
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