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Benchmark Values: GRA shelves implementation of discount reversal

4 years ago
in Business, Editor's pick, highlights, Home, home-news, latest News, Maritime, Trade
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The Customs Division of the Ghana Revenue Authority (GRA) is in the meantime holding on to the implementation of the reversal of the benchmark value discount policy on vehicles and other 43 selected items.

The decision by the Customs Division of the Ghana Revenue Authority (GRA) to shelve the implementation follows the outcome of a meeting held on Wednesday, January 12, 2022 and a statement signed by Col. Kwadwo Damoah (Rtd), Commissioner of Customs Division.

According to Col. Kwadwo Damoah (Rtd), the Customs Division of the GRA has been directed to suspend the implementation of the policy directive on the removal of the reduction of values of imports until further notice.

The announcement by the GRA is believed to be outcome of the stakeholder engagement between the Association of Ghana Industries (AGI), Ghana Union of Traders Associations (GUTA), GRA and Ministry of Finance.

Read press statement below:

Scan 13 Jan 2022 (1) by Fuaad Dodoo on Scribd

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