Tag Archives: Ghana Revenue Authoriity

2018 budget to improve domestic revenue collection

new tax initiatives

Finance Minister, Ken Ofori-Atta has stated that the 2018 budget which will be presented in parliament later this month will use innovative ways to improve domestic revenue collection for economic development. This follows calls from the Institute of Fiscal Studies, urging government to use the 2018 budget to improve tax collection by broadening the tax base. Speaking at the 38th ...

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GRA Grabs Gas Plant Contractor

Gas Plant

China’s Sinopec International Petroleum Services Corporation (SIPSC), which is a subsidiary of the Sinopec Group and the contractor for the now-operational gas processing plant, has been found out for engaging in transfer pricing manipulation. Consequently, the Transfer Pricing Unit of the Ghana Revenue Authority (GRA) has retrieved at least GHC15 million from the company for “overpricing” some materials it used ...

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