• Live Radio
  • Videos
  • About
  • Contact
  • Despite Media
Ghana Election 2020
  • Home
  • Local News
  • Politics
  • Showbiz
  • Sports
  • Business
  • Opinion
  • VIDEOS
  • Media
    • Videos
    • Audio
    • Live Radio
    • Photos
  • Election 2020
Local News
 
 
 
Home Business Business News 201910

GRA Announces New Auction Guidelines

18-Oct-2019
/ Business News, Business
Email
Print
Comments 6
(6)
Comments
Share on Facebook Share on Twitter
 

The Ghana Revenue Authority (GRA) has reviewed its rules and procedures for the public auctioning of confiscated goods.

A letter to that effect signed by the Acting Commissioner for the Customs Division, Colonel Kwadwo Damoah, explained that he has been directed to make the new changes by the GRA Board and that “the ratio of distribution is now 70% to the general public and 30% to the Confiscated Assets Committee”.

Additionally, the statement explained that: “Where the original owner is the beneficiary of the auction, the Reserve Price will be twice the duties payable only”.

The new directives come in the wake of a recent warning by the Board Chairman of the GRA, Prof Stephen Adei, to staff of the Customs Division to refer to him all so-called protocol goods meant for clearance at the country’s ports.

During a visit to the Customs Division, Tema Collection, at the Port of Tema together with the Director-General of the GRA and the Commissioner of Customs, Prof Adei warned the staff thus: “From today, if anybody says there is order from above, and you collaborate and you are caught, you will be sacked – immediately”.

“When there is order from above, refer that order from above to me”, he ordered, adding: “If they say: ‘It’s from the Operations Room [at the] Jubilee House’, say: ‘Stephen Adei says: ‘If you want to send directives from Operations, send it to him and the Commissioner to direct’”.

Prof Adei warned: “If anyone of you clears a chicken in the name of a fish for somebody, he may be the biggest person, but I will hold you responsible”.

As part of his ‘Stop the Leakage by The Few’ crusade, Prof Adei said he would provide a dedicated phone number through which whistleblowers, especially junior staff, can lodge complaints of leakages to avert victimisation.

He promised that about a quarter of the proceeds realised from reports of leakages would be used to reward the whistleblower.

 

 
 

 

Comments ( 6 ): Post Your Comments >>

Disclaimer: Opinions expressed here are those of the writers and do not reflect those of Peacefmonline.com. Peacefmonline.com accepts no responsibility legal or otherwise for their accuracy of content. Please report any inappropriate content to us, and we will evaluate it as a matter of priority.
Featured Video
Previous Post

EOCO Investigates Directors Of Collapsed Microfinance Companies

Next Post

GSA Working To Remove Bottlenecks In Export Trade

 
 

More Stories

Power Production In Danger: ECG Owes Ipps $1.4billion
See What The Bank Of Ghana Said About The Purported GH¢500 Coin
CE Speaks At Invest In African Energy Forum
Power Debt Owed To ECG Was Inherited, We Will Pay Outstanding Debt – Electrochem
China Pledges Support For Ghana’s Debt Treatment
More Thai Companies Come On Board For Rice Project As They Sign MoU With Jospong Group
Agric Minister Woos Rice Investors In Thailand To Ghana
KFC In Good Standing With ECG - Management Assures Customers
CEO Of Quick Angels Richard Quaye Gifts 10 Entrepreneurs With Free Seed Capital On His Birthday
Next Post

GSA Working To Remove Bottlenecks In Export Trade

  Ghana Business News

  • General News
  • Economy
  • Banking & Finance
  • Stock Market
  • Industry/Manufacturing


 
 

Other Business News Stories

  • Power Production In Danger: ECG Owes Ipps $1.4billion

  • See What The Bank Of Ghana Said About The Purported GH¢500 Coin

  • CE Speaks At Invest In African Energy Forum

  • Power Debt Owed To ECG Was Inherited, We Will Pay Outstanding Debt – Electrochem

  • China Pledges Support For Ghana’s Debt Treatment

  • More Thai Companies Come On Board For Rice Project As They Sign MoU With Jospong Group

  • Agric Minister Woos Rice Investors In Thailand To Ghana

  • KFC In Good Standing With ECG - Management Assures Customers

  • CEO Of Quick Angels Richard Quaye Gifts 10 Entrepreneurs With Free Seed Capital On His Birthday

  • Vodafone Cash And Mobile Money Limited Partner To Enable Merchant Interoperability

 

 
 

Popular Videos

Peace Power Sports (27/3/2023)

Kokrokoo Discussion Segment On Peace 104.3 FM (28/3/2023)

Kokrokoo Live On Peace 104.3 FM (27/3/2023)

Kokrokoo Discussion Segment On Peace 104.3 FM (29/3/2023)

Peace Power Sports (28/3/2023)

Kokrokoo Live On Peace 104.3 FM (29/3/2023)

Peace FM Online and Despite Media

peacefmonline.com offers its reading audience with a comprehensive online source for up-to-the-minute news about politics, business, entertainment and other issues in Ghana

Follow us on social media:

Category

  • Home
  • Local News
  • Politics
  • Showbiz
  • Sports
  • Business
  • Opinion
  • Trivia
  • Foreign
  • Audio
  • Photos
  • Videos
  • Elections
Decision Time
Ghana Election 2020 2016 Elections
Services
Live Radio Audio on Demand Ghana Elections Advertise with Us
Useful Links
Despite Media About Us Contact Us Feedback Form Terms and Conditions Privacy
Our Brands
Despite Media UTV Peace FM Okay FM Hello FM Neat FM Peacefmonline
  • About
  • Advertise
  • Terms & Conditions
  • Contact
  • Privacy

© 2020 Peacefmonline.com - An online portal owned and managed by Despite Media

  • Home
  • Local News
  • Politics
  • Showbiz
  • Sports
  • Business
  • Articles
  • Trivia
  • Foreign
  • Live Radio
  • Photos
  • Videos
  • Audio
  • Election 2020

© 2020 Peacefmonline.com - An online portal owned and managed by Despite Media