• Latest
  • Trending
Ken Ofori-Atta sues National Security Operatives over alleged trespass and privacy breach

Leaked Document: Gov’t reverses 50% benchmark value reduction

May 13, 2020
KNMP commends the Government of Ghana for restoring Founder's Day

KNMP commends the Government of Ghana for restoring Founder’s Day

June 27, 2025
Vice President Calls for Urgent Investment in Drug Abuse Prevention

Vice President calls for urgent investment in drug abuse prevention

June 27, 2025
Manhyia MP Slams Asiedu Nketia Over EC Attacks

Manhyia MP slams Asiedu Nketia over EC attacks

June 27, 2025
Break Barriers, Build Tourism’: Ghana Urges ECOWAS to Act on Free Movement

Break Barriers, Build Tourism’: Ghana Urges ECOWAS to Act on Free Movement

June 27, 2025
Bank of Ghana cracks down on unlicensed money transfer services

Bank of Ghana cracks down on unlicensed money transfer services

June 27, 2025
Ghana Steps Up as West Africa's Tourism Leader

Ghana steps up as West Africa’s Tourism Leader

June 27, 2025
Professor Kobby Mensah Urges Youth-Centered Innovation in Ghana’s Tourism Sector

Professor Kobby Mensah Urges Youth-Centered Innovation in Ghana’s Tourism Sector

June 27, 2025
367 drug-induced mental illness patients admitted to facilities in 2024 - Bono Regional Mental Health Coordinator

367 drug-induced mental illness patients admitted to facilities in 2024 – Bono Regional Mental Health Coordinator

June 27, 2025
ECG attributes power outage to June 26 rainstorm

ECG attributes power outage to June 26 rainstorm

June 27, 2025
NACOC alarmed by inordinate demand for illicit drugs among young Ghanaians

NACOC alarmed by inordinate demand for illicit drugs among young Ghanaians

June 27, 2025
Actor Koo Ofori’s fraud case adjourned to August 13

Actor Koo Ofori’s fraud case adjourned to August 13

June 27, 2025
UK PM makes U-Turn on disability benefits cuts after backlash

UK PM makes U-Turn on disability benefits cuts after backlash

June 27, 2025
Happy Ghana
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

Leaked Document: Gov’t reverses 50% benchmark value reduction

in Sports
Ken Ofori-Atta sues National Security Operatives over alleged trespass and privacy breach

Ken Ofori-Atta sues National Security Operatives over alleged trespass and privacy breach

Share on FacebookShare on TwitterShare on Whatsapp

The government of Ghana through the ministry of finance has instructed the Ghana Revenue Authority (GRA) to reverse the 50% benchmark value reduction against which duties paid by importers at Ghana’s ports are calculated.

Benchmark values are reference values that Customs uses in determining values that could be imposed on imports meant for clearance at the country’s ports.

The Vice-President, Dr. Mahamadu 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.

Similarly, the policy would lead to a 90 percent reduction in physical examination of containers at the ports, which the government sought to achieve by June 2019, he said.

The move was welcomed by various stakeholders, especially the Ghana Institute of Freight Forwarders (GIFF), which commended the government.

But a letter to the ministry of finance by GRA intercepted by happyghana.com reads. “As per discussion held previously, I have directed that the attached list be excluded from enjoying the 50% and 30% discount on goods and vehicles respectively under the “Benchmark Policy.”

The leaked letter signed by the AG. Commissioner-General Ammishaddai Owusu-Amoah added that “The head of the Customs Technical Service Bureau (CTSB) and all sector commanders have been tasked to ensure compliance with effect from 15th May 2020.”

Below is the letter and the full list of commodities to be excluded from the benchmark value reduction.

Tags: 50%benchmarkJoseph Nii Ankrah

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

Unsubscribe
Previous Post

Journalist advocates for ‘Spread fear, Not Calm’ campaign to fight COVID-19

Next Post

Former Real Madrid striker Edwin Congo arrested in Spain over cocaine trafficking ring

Next Post
Former Real Madrid striker Edwin Congo arrested in Spain over cocaine trafficking ring

Former Real Madrid striker Edwin Congo arrested in Spain over cocaine trafficking ring

Search

No Result
View All Result

Listen Live

BBC Match of the Day Africa

Happy Ghana

Recent News

  • KNMP commends the Government of Ghana for restoring Founder’s Day
  • Vice President calls for urgent investment in drug abuse prevention
  • Manhyia MP slams Asiedu Nketia over EC attacks
  • 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.