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Business News of Friday, 15 May 2020


Internal analysis on benchmark discount policy was not approved by govt - GRA

The Ghana Revenue Authority (GRA) has clarified an internal analysis on the benchmark value policy (discount policy) on import values was not approved by government thus the policy is inapplicable.

According to a statement issued by the authority and copied to GhanaWeb said: "the Benchmark Value Policy (discount policy) continues to be implemented as originally announced by the Vice President, Dr Bawumia."

"That the said document with the list of items at both the heading and subheading levels of the HS code is an internal document analyzing the impact of the policy on our revenue collection with regards to those items as well as the impact on local industries, public health safety the environment," the authority stated.

The GRA however says it will continue to appreciate cooperation and support from the trading public and other stakeholders while urging them to assist the authority in its revenue mobilization efforts.

Read the full statement below;

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