By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Hot Fm Ghana
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Sports
  • Audio Downloads
  • Videos
  • Hotfm TV
Reading: GRA Exceeds Revenue Target
  • Follow Us
Hot Fm GhanaHot Fm Ghana
Font ResizerAa
Search
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Sports
  • Audio Downloads
  • Videos
  • Hotfm TV
Follow US
© 2024 Hot FM Ghana. All Rights Reserved | Powered By: WeWrite Technologies.
Hot Fm Ghana > Business > GRA Exceeds Revenue Target
BusinessNewsTop stories

GRA Exceeds Revenue Target

WeWrite Ghana
By WeWrite Ghana
Published: January 7, 2023
Share
SHARE

The Customs Division of the Ghana Revenue Authority (GRA) exceeded its revenue target for last year, with a collection of GH¢22.26 billion.

The amount was 7.98 per cent more than the GH¢20.62 target given to the division, the acting Commissioner of Customs, Iddrisu Iddisah Seidu, has said.

Speaking at a pull-out ceremony for the Tema Sector Commander, Julius Aweya Kantum and Mr Seidu said that some uncooperative traders occasionally attempted to pass on fake invoices in the processing of import declarations. The division continued to update the skills of its officers to ensure they detected and enforced trade compliance among stakeholders.

The ceremony was attended by some of the retiree’s family and friends, retired Customs officers, including six former Sector Commanders, as well as two Commissioners of Customs, Wallace Akondor and John Vianney Kudamnuru, who also served as Tema Sector Commanders before their promotion to commissioner positions.

Many stakeholders from the port community were also at the ceremony which saw Mr Kantum also honouring some deserving officers of the Command for their dedication to duty during his tenure of office.

Mr Seidu noted that whereas the presentation of fake invoices to undervalue import declarations may not be peculiar to Ghana, the removal of the benchmark discount by the government would allow for the application of a universal valuation and classification system of goods.

Similarly, he said, whereas some importers might attempt to undervalue purchase prices on their invoices to beat down the amount of import duty, some also overvalued their invoice prices.

“For those with exemptions as well as agreements that allow them to repatriate their profits and capitals, they often overvalue their goods through the misrepresentation of the price. Also, the quantity or quality of imports/exports to enable them to take back more money than they should,” Mr Seidu asserted.

Overvaluation or over-invoicing consists of deliberately and fraudulently inflating the price of goods, and involves collusion between the importer and exporter. 

2023 Target: Mr Seidu also announced that whereas the GRA had been tasked with a revenue target of GH¢106 billion, the Customs Division alone was expected to raise GH¢28.5 billion of the target, with the division’s top management also charged with the responsibility of an additional GH¢12 billion, raising the figure to GH¢33.5 billion.

Eulogising the outgone Sector

Commander for his discipline to work and achieving great successes over 37 years of service, Mr Seidu challenged the officers and the port stakeholders to cooperate with the new sector commander who took over the baton of office from Mr Kantum.

“Mr Kantum has contributed towards the growth and expansion of Customs from the early 1985 and has shown great leadership in the various roles he served and I am certain that many of the people who have worked with him at various points in time,” Mr Seidu said.

Outgone Commander

Mr Kantum in his remarks expressed joy that the Tema Collection was able to exceed its annual target.

“It is no secret that when Tema Collection performs very well and exceeds its target by a high percentage, it takes care of the shortfalls of other collections to ensure that the national

target is achieved or exceeded,” he said.

Mr Kantum was posted to the Command in 2021, having previously served as the Ag. Deputy Commissioner in charge of Preventive.

 

Source: Graphic

You Might Also Like

U.S. Elections Kick Off With First Polls Opening In Vermon
VIDEO:Bawumia Is The Biggest Gift Akufo-Addo Has Given To Ghanaians-Atubiga
Brief Information About The Judges Who Sat On Amewu’s Case
GoldBod has contributed immensely to current stability of Cedi through gold reserve accumulation – Ato Forson
Accra High Court sentences six to death by hanging for High Treason plot
TAGGED:Ghana Revenue Authority
Share This Article
Facebook Twitter Email Copy Link Print
What do you think?
Love0
Sad0
Happy0
Sleepy0
Angry0
Dead0
Wink0
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

More Popular from Foxiz

EntertainmentTop stories

Veteran Actor,Waakye On the Verge of Death;Rushed to Spiritual Home

By Angela Marfo
2 Min Read

Veteran Actor,Waakye On the Verge of Death;Rushed to Spiritual Home

By Angela Marfo
PoliticsTop stories

Legal battle far from over as NDC eyes review after Kpandai ruling

By Reagan Mends
2 Min Read
- Advertisement -
Ad image
EntertainmentTop stories

Veteran Actor,Waakye On the Verge of Death;Rushed to Spiritual Home

It was learnt a few weeks ago that Veteran Ghanaian actor and comedian, Prince Yawson, popular…

By Angela Marfo
Entertainment

I’m a Kumerican Hollywood Superstar – Lil Win

Ghanaian entertainer Lil Win is doing some crazy stuff to help the new Kumerica movement stay on top…

By Angela Marfo
News

Wassa Fiase: Chiefs Demand Reinstatement of Odeneho Akrofa Krukoko II

Chiefs of Wassa Fiase Traditional Council have petitioned the President Nana Akufo-Addo to help reinstate Odeneho…

By Angela Marfo
PoliticsTop stories

Legal battle far from over as NDC eyes review after Kpandai ruling

The National Democratic Congress (NDC) has insisted that the Supreme Court’s decision to reinstate the New…

By Reagan Mends
EntertainmentTop stories

Veteran Actor,Waakye On the Verge of Death;Rushed to Spiritual Home

It was learnt a few weeks ago that Veteran Ghanaian actor and comedian, Prince Yawson, popular…

By Angela Marfo
Hot Fm Ghana

Hot FM is a privately owned radio station in Accra, Ghana. Hot FM broadcasts both on 93.9 FM and online.

Top Stories

CAF slaps Senegal, Morocco with heavy sanctions after AFCON 2025 final chaos
January 29, 2026
FDA debunks claims of ‘Akesheshaa Parazone’ being added to waakye, okro, ayoyo
January 28, 2026
All five aspirants cleared for Ayawaso East NDC primary
January 28, 2026

Politics

NDC to elect new national executives on December 19, 2026
January 29, 2026
All five aspirants cleared for Ayawaso East NDC primary
January 28, 2026
Legal battle far from over as NDC eyes review after Kpandai ruling
January 28, 2026

Entertainment

Interior Ministry must clear IShowSpeed before Ghana passport can be issued — Patrick Boamah
January 29, 2026
Gospel legend Minister Ike set to ignite the scene with new smash hit “Fear Not”
January 26, 2026
Gospel legend Yaw Sarpong is dead
January 20, 2026

© 2026 Hot FM Ghana. All Rights Reserved.

Welcome Back!

Sign in to your account