Ghana Revenue Authority indefinitely suspends reversal of benchmark value

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The Ghana Revenue Authority (GRA) has suspended the implementation of the controversial reversal of discounts on benchmark values indefinitely.

The Authority said the decision is to enable further engagements with all the relevant stakeholders.

“Following the outcome of a meeting held on Wednesday, January 12, 2022, the Customs Division of GRA has been directed to suspend the implementation of government’s policy directive on the removal or reduction of values of imports on selected items until further notice, to enable more engagements with all the relevant stakeholders,” part of the statement reads.

President Akuffo-Addo had earlier directed the Customs Division of the Ghana Revenue Authority to pull the breaks on implementing the reversal of discounts on benchmark values.

The directive was to create more room for broader stakeholder consultations on the subject, which was due to have concluded on January 17, 2022.

 

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