• Latest
  • Trending
Ghana Shippers' Authority at 50: Dr. Ayim-Darke urges collaborative action to tackle Shipping Industry challenges

GUTA cries over reversal of benchmark value reduction; says it’ll burden members

May 14, 2020
Chinese Ambassador Reaffirms China's Stance on Taiwan: Cites History, Law and One-China Principle

Chinese Ambassador Reaffirms China’s Stance on Taiwan: Cites History, Law and One-China Principle

June 23, 2025
Chinese Ambassador to Ghana Highlights Stronger China-Africa Cooperation

Chinese Ambassador to Ghana Highlights Stronger China-Africa Cooperation

June 23, 2025
Absa Bank, GAB deepen commitment to Ghana’s digital economy

Absa Bank, GAB deepen commitment to Ghana’s digital economy

June 23, 2025
Cape Coast Mayor leads demolition exercise after a building collapsed

Cape Coast Mayor leads demolition exercise after a building collapsed

June 23, 2025
Police investigate arson following blaze at MCE’s official residence

Police investigate arson following blaze at MCE’s official residence

June 23, 2025
Make peace or gear up for greater attacks – Trump cautions Iranian authorities

Make peace or gear up for greater attacks – Trump cautions Iranian authorities

June 23, 2025
Guinness Ghana celebrates 65 years with 15% price reduction on select spirit brands

Guinness Ghana celebrates 65 years with 15% price reduction on select spirit brands

June 23, 2025
NPP to launch Patriotic Institute: A New Era of Ideological Empowerment

NPP to launch Patriotic Institute: A New Era of Ideological Empowerment

June 23, 2025
President Julius Maada Bio of Sierra Leone takes is new ECOWAS Chair

President Julius Maada Bio of Sierra Leone is new ECOWAS Chair

June 23, 2025
Seven arrested in armed robbery incident at Ashaiman

Seven arrested in armed robbery incident at Ashaiman

June 23, 2025
2022 trained teachers to picket GES over 10-month unpaid salaries

2022 trained teachers to picket GES over 10-month unpaid salaries

June 23, 2025
PMI Crowned Champions of the 2025 GMA CEO’s Cup

PMI Crowned Champions of the 2025 GMA CEO’s Cup

June 22, 2025
Happy Ghana
Advertisement
No Result
View All Result
  • Home
  • News
  • Sports
    • International Sports
    • Afcon2017
    • Afcon2019
    • Corporate Knockout
    • U17 World Cup
    • World Cup 2018
  • Entertainment
  • Business
  • Bizarre
  • Feature
  • More
    • Technology
    • Opinion
    • Lifestyle
  • Listen Live
  • Home
  • News
  • Sports
    • International Sports
    • Afcon2017
    • Afcon2019
    • Corporate Knockout
    • U17 World Cup
    • World Cup 2018
  • Entertainment
  • Business
  • Bizarre
  • Feature
  • More
    • Technology
    • Opinion
    • Lifestyle
  • Listen Live
No Result
View All Result
Happy Ghana
No Result
View All Result
Home Sports

GUTA cries over reversal of benchmark value reduction; says it’ll burden members

in Sports
Ghana Shippers' Authority at 50: Dr. Ayim-Darke urges collaborative action to tackle Shipping Industry challenges

Ghana Shippers' Authority at 50: Dr. Ayim-Darke urges collaborative action to tackle Shipping Industry challenges

Share on FacebookShare on TwitterShare on Whatsapp

The Vice-President, Dr. Mahamudu Bawumia, last year, announced a drastic reduction in the benchmark values by 50% at a town hall meeting in Accra.

The move, he said, was to reduce the incidence of smuggling and enhance revenue at the country’s ports. But a document leaked to the press indicates that, the reduced benchmark values have been reversed.

The Welfare Officer of the Ghana Union of Traders Association (GUTA), Benjamin Yeboah has hinted that the reversal of their 50% reduction in the benchmark values will affect their already suffering businesses.

He made this known in an interview on Happy 98.9 FM’s Happy Morning Show.

Speaking to host, Samuel Eshun he said, “This is not a good time for authorities to reverse the benchmark value reduction that served as a cushion for us especially during this era of COVID-19. It will be a burden to our business that is already not doing well.”

According to him, the union is even fighting for a share in the GH₵600 million stimulus package government has dedicated to businesses and that is even an indication that they are suffering.

He noted that the union has a good relationship with the Ghana Revenue Authority (GRA) and the Ministry of Finance. “We are always consulted on issues like this and this decision comes as a surprise to us” because we were not consulted this time around and we do not know the reason behind this action.

Emphasizing on the immediate review of the decision, the welfare officer revealed that the union will soon meet with the appropriate bodies to overturn this latest development.

Tags: benchmark valueGUTAJoel Sanco

Subscribe to receive notification everytime a new post is published. We promise to be discrete.

Unsubscribe
Previous Post

GFA boss Kurt Okraku calls on gov’t to renovate Gyandu Park

Next Post

Reversal of 50% benchmark reduction value can cause smuggling – GUTA

Next Post
GUTA

Reversal of 50% benchmark reduction value can cause smuggling – GUTA

Search

No Result
View All Result

Listen Live

BBC Match of the Day Africa

Happy Ghana

Recent News

  • Chinese Ambassador Reaffirms China’s Stance on Taiwan: Cites History, Law and One-China Principle
  • Chinese Ambassador to Ghana Highlights Stronger China-Africa Cooperation
  • Absa Bank, GAB deepen commitment to Ghana’s digital economy
  • About
  • advertise
  • Privacy Policy
  • Contact Us

© 2025 Happy FM – Powered by Ghana’s leading radio network. Designed with passion by Global Media Alliance.

No Result
View All Result
  • Home
  • News
  • Sports
    • International Sports
    • Afcon2017
    • Afcon2019
    • Corporate Knockout
    • U17 World Cup
    • World Cup 2018
  • Entertainment
  • Business
  • Bizarre
  • Feature
  • More
    • Technology
    • Opinion
    • Lifestyle
  • Listen Live

© 2025 Happy FM – Powered by Ghana’s leading radio network. Designed with passion by Global Media Alliance.