Monday, May 23, 2022

GRA scraps ‘benchmark values’ on 32 items, Importers went wild

Most Read

AASU elects new executives at 13th elective congress

At its 13th Elective Congress held at Kibi, Ghana, between December 20-22, 2021, the All-Africa Students Union (AASU) elected...

Opinion – JURISPRUDENCE DAY OUTSIDE GHANA COURTS: THE INCURABLE LACK OF AWARENESS FOR FIRST PRINCIPLES (PART 1)

By Selikem Donkor The title of this article rings a bell in the mind of the legally savvy. Yes, it...

Tertiary Institutions of Ghana Muslim Association Inaugurated

An interim National Executive Association of Muslim Societies in Tertiary Institutions, Ghana (MUSTIG) has been inaugurated at its second...

The Ghana Revenue Authority (GRA) has announced that the implementation of the removal of benchmark values on some 32 categories of items, will begin from Monday, 15 November 2021.

A letter written to Finance Minister Ken Ofori-Atta to that effect dated November 11, 2021 and signed by Commissioner-General Rev. Ammishaddai Owusu-Amoah, said: “We write to inform you that following discussions on various fora, it has been agreed that discount on some commodities currently being enjoyed should be reversed to achieve revenue effect”.

The items include sugar, (pasta, spaghetti, noodles, macaroni), palm oil – crude and refined oils, aluminium finished products (roofing sheets), toilet paper, facial tissue and towel, chocolate, Portland cement, clinker etc., and mosquito coil.

The others are vehicles, ceramic tiles, aluminium products, cartons, boxes of paper, paperboard cases of corrugated paper, machete, water, soft (including mineral and aerated with sugar (including sweetened)), plastic – chapter 39, tile cement, textiles and textile articles, iron steel bars, rolls forged and structures, fruit juices, tomato paste & ketchup, cement paper bags, furniture and parts.

The rest are toilet soap, laundry bar soap, detergents – washing powder, lubricating oil, alcoholic beverages, soft drinks and carbonated drinks, flexible packing materials, biscuits/wafers, cigarettes, pharmaceuticals, machinery and equipment, plant.

But this decision according to importers and Exporters Association, will be inimical to their business, hence calling for an immediate reversal.

The Executive Secretary of the Association Sampson Awingobit has hinted of an emergency press conference to respond to the new directive and a possible nationwide strike to ensure the decision is reversed.

“We are going to meet and hold a joint press conference on Monday to respond to this decision” he succinctly said in a phone conversation with Mynewsafric.com.

Read the GRA’s letter below:

Removal of Benchmark Values on Selected Items Commences From November 15, 2021

Our letter on the “brief on the removal of the benchmark on selected items” dated September 27, 2021, refers.

We write to inform you that following discussions on various fora, it has been agreed that discount on some commodities currently being enjoyed should be reversed to achieve revenue effect.

To this end, November 15, 2021, is, therefore, slated for the effective date for the implementation of the removal of the benchmark values on some selected items.

Copy of the list is attached.

For ease of reference, a copy of the letter with reference CG/GRA/MOF/110/21 is also attached for your consideration.

We count much on your usual cooperation.

Thank you.

Yours faithfully,

Rev. Ammishaddai Owusu-Amoah

Commissioner-General

- - -
- Advertisement -

Latest News

LGBTQ+ community is not funding National Cathedral project – Rev. Kusi Boateng

The secretary to the board of trustees of the National Cathedral Secretariat Rev. Kusi Boateng, has denied rumours that...
- Advertisement -

More Articles Like This

- - -