Business News of Saturday, 24 February 2018
Source: www.ghanaweb.live
2018-02-24We are firm, resolute to achieving GH 39.8 billion revenue target - GRA
play videoEmmanuel Kofi Nti, GRA Commissioner General
Authorities at the Ghana Revenue Authority (GRA) are optimistic of achieving this year’s revenue target of 39.8 billion cedis.
At 2018 annual management retreat in Kumasi, the Commissioner General of the Ghana Revenue Authority (GRA), Mr. Emmanuel Kofi Nti, said though the target looks daunting and insurmountable they remain firm and resolute to beat skeptics.
Mr. Emmanuel
Read full articlehowever expressed worry about cut in retention revenue from the previous 3 percent to 2.47 percent, adding that, the effect becomes more dramatic and frightening when the quantum is juxtaposed against the year’s target.
The commissioner general commended staffs for their resilience and determination in 2017 in the wake of impasse covering the fate of interdicted personnel from the customs division at Tema Harbour.
“Today, we are gathered here not only as management personnel of our huge institution but as architects and construction technicians of our future transformational agenda.” he said.
The Commissioner General stated the transformation connotes images of rebirth, rejuvenation and dramatic change in direction.
He urged staff to do soul searching to unearth their hidden talents and stregthns to sustain unshakable foundation.
He spoke about the introduction of the “GFTrade and the Temporary Vehicle Importation Monitoring System (TVIMS) to aid the Customs Division to the correct values of imported goods from the countries of exportation and verify values declared by importers.
It will also help the Division to raise more revenue by discovering fraudulent declarations, track temporarily imported vehicles which had over-stayed among others.
Baffour Osei Hyiaman Brantuo, the Manwerehene of Kumasi, appealed to GRA to continuously educate the public on the need to pay tax.
“Ensure that messages on taxation are always publicized so the public is aware of their responsibility.”
He entreated them to come up with various strategies to enhance revenue collection.
