Tag Archives: Ghana Revenue Authority

Only 2% of Ghana’s Informal Sector Pay Taxes.

informal sector

The informal sector constitutes 70 percent of the business arena – but just two percent of them pay their taxes. Mr. Richard Hakeem Quainoo – a Chief Revenue Officer of the Ghana Revenue Authority who announced this on Wednesday – also stated that only 1.5 million of the expected six million taxpayers honoured their responsibilities, with 200,000 being from the ...

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Importers shun refund on 25% VAT–GRA

Importers

The Ghana Revenue Authority (GRA) has bemoaned the low participation of exporters and importers in retrieving their VAT refund. Speaking on the issue, Revenue Officer, with the Ghana Revenue Authority, Akwesi Osei Nkrumah appealed to importers and exporters’ t0 retrieve their funds. “When you are exporting, the law empowers you to come back to us and take that VAT back, ...

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GRA declares Agambire wanted over GH₵14m unpaid taxes

Agambire

Mr Roland Agambire, the Group Chairman of Rlg Communications, has been declared wanted by the Ghana Revenue Authority (GRA), the national tax regulatory agency for defaulting tax obligations. The National Co-ordinator for the Task Force at the GRA, Henry Sam, explained that all attempts to reach Mr Agambire to live up to his tax obligations proved futile. Mr Agambire has ...

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GRA to sell off Vodafone assets within 14 days over tax default

Vodafone

The Ghana Revenue Authority (GRA) has served notice that it will be compelled to sell off the assets of National Communications Backbone Company (NCBC) within the next fourteen days should the company fail to provide proof to benefit from capital gains tax reliefs. The NCBC, which is a subsidiary of Vodafone Ghana is reported to have defaulted in capital gains ...

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GRA aims to meet GH¢34 billion target despite tax cuts

Importers

The Ghana Revenue Authority (GRA) is confident of meeting its ambitious revenue target of 34 billion cedis by the end of this year, despite the one billion cedis value of all the tax cuts announced in the 2017 budget. This is according to Emmanuel Kofi Nti, Commissioner General of GRA. We are hopeful that in 2017, though it is challenging, ...

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ACEP calls for mining beneficiation policy

ACEP

The Head of Policy Unit and Energy Policy Advisor at the Africa Centre for Energy Policy (ACEP), Dr Ishmael Ackah, has called for a national policy that will ensure that multinational mining companies in the country generate their own source of power to serve their operations. He explained that the policy should also ensure that communities within the mining-related areas ...

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