Trade misinvoicing cost Ghana gov’t $3.86bn - Report

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• JJ 10 years ago

  This is correct. But should a poor country like Ghana depends on import duty only to develop? Make tax reasonable and all will comply. Nigeria is not on the list due to reasonable tax that is not avoidable. Import duty must b ...
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  This is correct. But should a poor country like Ghana depends on import duty only to develop? Make tax reasonable and all will comply. Nigeria is not on the list due to reasonable tax that is not avoidable. Import duty must be changed to 5-8% and revenue will be ten fold. No one will pay bribe to customers offers. Genet and all others may not be necessary because there will no incentive to cheat. The current 35-49% makes everyone to cheat the system.

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• DAN 10 years ago

  how can 20 year old car or 15 year old car or accident car worth $2000(4500 cedi) become a 10,000 cedi car in ghana? Make people pay income tax when they get jobs...have sales tax instead of vat( 3% per cedi) which on cars or ...
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  how can 20 year old car or 15 year old car or accident car worth $2000(4500 cedi) become a 10,000 cedi car in ghana? Make people pay income tax when they get jobs...have sales tax instead of vat( 3% per cedi) which on cars or land sales would bring huge tax...make Rich people pay tax on their stock market gains...

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• Naa Yaa 10 years ago

  How baout the money that is stolen by the custom officials at the ports?

  How baout the money that is stolen by the custom officials at the ports?

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• MENSAH 10 years ago

  Custom officers also play a huge part in the losses we make at the entry ports of Ghana.
  If taxes collected end up in wrong pockets of custom officials,what do you think importers and exporters would also do?
  THE GOVERNMENT ...
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  Custom officers also play a huge part in the losses we make at the entry ports of Ghana.
  If taxes collected end up in wrong pockets of custom officials,what do you think importers and exporters would also do?
  THE GOVERNMENT SHOULD FIND A WAY TO CHECK ON OUR CUSTOM OFFICIALS AGAINST FRAUD.
  If that is not done seriously,then the whole situation will amount to nothing more than trying to contain water in a basket.
  WORKING AGAINST FRICTION,NO WORK DONE.

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• Kofi K 10 years ago

  Custom charge duty in dollars, losses quoted in dollars!,!! Now we are not supposed to use dollars we have worked for n transfered into Ghana.
  Why not use cedis for general monetary quotes for everyone.

  Custom charge duty in dollars, losses quoted in dollars!,!! Now we are not supposed to use dollars we have worked for n transfered into Ghana.
  Why not use cedis for general monetary quotes for everyone.

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• Davi Yaa 10 years ago

  The Ghana Economic forum should take this report and many others like it seriously and find solutions. We are not supposed to use dollars in Ghana, so please translate the amount into the Cedi equivalent, and publish the repo ...
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  The Ghana Economic forum should take this report and many others like it seriously and find solutions. We are not supposed to use dollars in Ghana, so please translate the amount into the Cedi equivalent, and publish the report in the local newspapers.

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