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    GRA suspends reversal of benchmark value indefinitely

    The Ghana Revenue Authority (GRA) has suspended the implementation of the reversal of the benchmark value until further notice.

    President Akufo-Addo had earlier directed the Customs Division of the Ghana Revenue Authority (GRA) to suspend the implementation of the reversal of the values of imports (known as Benchmark Values) on selected items.

    In a statement dated 13th January 2022, Commissioner for Customs Division COL. Kwadwo Damoah (RTD) announced the indefinite suspension on the values of imports on selected items.

    “Following the outcome of a meeting held on Wednesday 12th January 2022, the Customs Division of GRA has been directed to suspend the implementation of the 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,” a portion of the statement read.

    Find attached below the full statement from the GRA 

    SourceStarrfm

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