Government reverses discount on FOB values of general goods and HVD of vehicles

Ghana Revenue Authority (GRA)
Ghana Revenue Authority (GRA)

The Government of Ghana has reversed discount on FOB values of general goods and HVD of vehicles.

The Office of Special Prosecutor Kissi Agyebeng has issued a statement directing the reversal of discount on FOB values of general goods and HVD of vehicles by the Customs Division of Ghana Revenue Authority.

The Special Prosecutor said, “On 3 August 2022, the Office of the Special Prosecutor (OSP) published investigation report in respect of a complaint again Labianca Company Limited and the Customs Division of Ghana Revenu Authority.”

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In the release, it was captured that “A major finding of the investigation, which led to the recovery of GH¢1,074,627.15, is that there appears to be an institutionalized culture of lighthearted unconcern regarding impropriety of action at the Customs Division in respect of the grant of customs advance rulings and other rulings regarding the importation of goods – which indicates a high propensity to engender corruption and corruption related activities.”

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“On the basis of the report, the Special Prosecutor the directed the commencement of a wider investigation into the issuance of customs advance rulings and markdowns of benchmark values and an attendant investigation in respect of the auction of goods vehicles by the Customs Division.”

“The OSP notes, with gratification, that following its various investigations and interventions at the Customs Division, the Government has reversed the discretionary discount on the free on bound (FOB) value of goods and the home delivery value (HDV) of vehicles effective 1 January, 2003.

“The new policy effectively shuts all avenues for officers of the Customs Division to grant discretionary markdowns and removes opportunity for corruption and corruption-related activities.”

“The various investigations commenced by the OSP at the Customs Division would still proceed nonetheless and the Office will monitor the implementation of the new policy.”

 

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