Posted: Monday 11th August 2014 at 10:06 am

Presidential task force uncovers GH₵63 million fraud


The special operations unit at the office of the president has initiated steps to retrieve more than GH₵63 million of duties fraudulently withheld by importers.

The fraud was perpetuated at three bonded warehouses in Accra. The companies imported the goods into the country with the claim of re-exporting those goods into neighbouring countries.

Speaking to Joy News, presidential staffer and spokesperson for the special operations unit Dr. Clement Apaak said the unit found out that “most of the goods imported never left the country”.

He said last year alone the nation was able to retrieve more than GH₵700 million from bonded warehouses.

The special unit was tasked by President Mahama to identify leakages and loopholes in the revenue collection system, plug such leakages and recommend strategies for minimizing revenue losses to the state.

Under Ghana’s bonded warehouse system, companies are required to make declarations in the Ghana Customs Management System using the re-exportation code (37).

Companies engaged in re-exportation are also required to list the vehicles used in the transaction of the various imports.

The defaulting companies Dr. Apaak said will be made not only to pay the principals but will be thoroughly investigated by the Ghana Revenue Authority (GRA).

“Per the law the defaulting companies are not required to pay only the principal but there are penalties that are served by GRA and Customs which they have to pay. The CID continues to invite the defaulting companies, continues to take statements, they continue to pay but the processes are going on and prosecution will take place”.

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