{"id":380962,"date":"2017-03-13T04:41:06","date_gmt":"2017-03-13T04:41:06","guid":{"rendered":"http:\/\/ghana-mma.com\/2017\/03\/government-must-work-with-gra-to-block-leakages-pwc\/"},"modified":"2017-03-13T04:41:06","modified_gmt":"2017-03-13T04:41:06","slug":"government-must-work-with-gra-to-block-leakages-pwc","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2017\/03\/13\/government-must-work-with-gra-to-block-leakages-pwc\/","title":{"rendered":"Government must work with GRA to block leakages &#8211; PwC"},"content":{"rendered":"<p><\/p>\n<div id=\"medsection1\">\n<!-- End of html generated by this->header() --><\/p>\n<p class=\"floatLeft\">Business News of Sunday, 12 March 2017<\/p>\n<p class=\"floatRight\"><strong>Source: <\/strong>citibusinessnews.com<\/p>\n<p>2017-03-12<\/p>\n<div class=\"article-left\">\n<p class=\"article-image\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/ghanamma.com\/wp-content\/uploads\/2017\/03\/48477489.295.jpg\" alt=\"Ken Ofori Atta Vetting\" title=\"Ken Ofori Atta Vetting\" width=\"295\" height=\"184\" \/><span class=\"image_caption\"><span>Finance Minister, Ken Ofori-Atta<\/span><\/span><\/p>\n<div class=\"noPrint\">\n<div id=\"537626303\" style=\"width:300;height:250;margin:0;padding:0\">\n\t\t  <noscript><iframe loading=\"lazy\" id=\"b2ad7fa7fd\" name=\"b2ad7fa7fd\" src=\"http:\/\/ghanaweb-d.openx.net\/w\/1.0\/afr?auid=537626303&amp;cb=148854474326431\" frameborder=\"0\" scrolling=\"no\" width=\"300\" height=\"250\"><a href=\"\/\/ghanaweb-d.openx.net\/w\/1.0\/rc?cs=b2ad7fa7fd&amp;cb=148854474326431\">&#13;<br \/>\n\t\t  <img decoding=\"async\" src=\"http:\/\/ghanamma.com\/wp-content\/uploads\/2017\/03\/1489380066_774_ai\" border=\"0\" alt=\"\" \/><\/a><\/iframe><\/noscript>\n\t\t<\/div>\n<\/p><\/div>\n<\/div>\n<p style=\"clear:right\">Government has been advised to work closely with the Ghana Revenue Authority(GRA) if it intends to block leakages in the revenue systems to generate additional one billion cedis annually.<\/p>\n<p>The 2017 budget statement targets about 30 percent improvement in revenue generation particularly at the ports while the tax exemptions announced is projected to cost 2.5 billion cedis this year.<\/p>\n<p>Speaking to Citi Business News, a Partner and Tax Leader at PricewaterhouseCoopers, George Kwatia stated that government must work with the GRA to improve compliance if even at 50 percent efficiency level to recoup half of the tax relief.<\/p>\n<p>\u201cObviously if you ensure that compliance is adhered to and you avoid leakages out of certain malpractices, you should be able to make up that gap. The system is already being set  and the issue we have as a challenge is that there isn\u2019t any high level of compliance and when we get full gear of compliance, even with 50 percent efficiency level, it will be significant,\u201d he said.<\/p>\n<p>He disclosed that the country loses about 2.5 billion cedis annually through tax exemptions which are fully complied with.<\/p>\n<p>\u201cOn issues of exemption it estimated that as country we lose about 2.5 billion cedis through exemptions which we are not fully in compliance with.&#8221;<\/p>\n<p>Mr. Kwatia advised that it will be important for government to streamline the exemption system to enhance tax compliance.<\/p>\n<p>\u201cIf we are able to streamline and even save half of it [money]. Then we going to get straight away more than one billion cedis coming in as revenue without any additional taxes being introduced. It is just a mere strengthening of the exemption system and making sure that those who have to enjoy the exemptions do not necessarily abuse it,\u201d he said.<\/p>\n<p><!-- uploaded by: 3 updated by: -1 --><\/p>\n<p><!-- Start of html generated by this->footer() -->\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Business News of Sunday, 12 March 2017 Source: citibusinessnews.com 2017-03-12 Finance Minister, Ken Ofori-Atta &#13; Government has been advised to work closely with the Ghana Revenue Authority(GRA) if it intends to block leakages in the revenue systems to generate additional one billion cedis annually. The 2017 budget statement targets about 30 percent improvement in revenue [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-380962","post","type-post","status-publish","format-standard","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Government must work with GRA to block leakages - PwC - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2017\/03\/13\/government-must-work-with-gra-to-block-leakages-pwc\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Government must work with GRA to block leakages - PwC - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"Business News of Sunday, 12 March 2017 Source: citibusinessnews.com 2017-03-12 Finance Minister, Ken Ofori-Atta &#013; Government has been advised to work closely with the Ghana Revenue Authority(GRA) if it intends to block leakages in the revenue systems to generate additional one billion cedis annually. The 2017 budget statement targets about 30 percent improvement in revenue [&hellip;]\" \/>\n<meta name=\"twitter:image\" content=\"http:\/\/ghanamma.com\/wp-content\/uploads\/2017\/03\/48477489.295.jpg\" \/>\n<meta name=\"twitter:creator\" content=\"@ghanamma\" \/>\n<meta name=\"twitter:site\" content=\"@ghanamma\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/03\\\/13\\\/government-must-work-with-gra-to-block-leakages-pwc\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/03\\\/13\\\/government-must-work-with-gra-to-block-leakages-pwc\\\/\"},\"author\":{\"name\":\"\",\"@id\":\"\"},\"headline\":\"Government must work with GRA to block leakages &#8211; PwC\",\"datePublished\":\"2017-03-13T04:41:06+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/03\\\/13\\\/government-must-work-with-gra-to-block-leakages-pwc\\\/\"},\"wordCount\":312,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/03\\\/13\\\/government-must-work-with-gra-to-block-leakages-pwc\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/ghanamma.com\\\/wp-content\\\/uploads\\\/2017\\\/03\\\/48477489.295.jpg\",\"articleSection\":[\"Business\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/03\\\/13\\\/government-must-work-with-gra-to-block-leakages-pwc\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/03\\\/13\\\/government-must-work-with-gra-to-block-leakages-pwc\\\/\",\"url\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/03\\\/13\\\/government-must-work-with-gra-to-block-leakages-pwc\\\/\",\"name\":\"Government must work with GRA to block leakages - PwC - Ghanamma.com\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/03\\\/13\\\/government-must-work-with-gra-to-block-leakages-pwc\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/03\\\/13\\\/government-must-work-with-gra-to-block-leakages-pwc\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/ghanamma.com\\\/wp-content\\\/uploads\\\/2017\\\/03\\\/48477489.295.jpg\",\"datePublished\":\"2017-03-13T04:41:06+00:00\",\"author\":{\"@id\":\"\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/03\\\/13\\\/government-must-work-with-gra-to-block-leakages-pwc\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/03\\\/13\\\/government-must-work-with-gra-to-block-leakages-pwc\\\/#primaryimage\",\"url\":\"http:\\\/\\\/ghanamma.com\\\/wp-content\\\/uploads\\\/2017\\\/03\\\/48477489.295.jpg\",\"contentUrl\":\"http:\\\/\\\/ghanamma.com\\\/wp-content\\\/uploads\\\/2017\\\/03\\\/48477489.295.jpg\"},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/#website\",\"url\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/\",\"name\":\"Ghanamma.com\",\"description\":\"News In Ghana - Latest Ghana News Headlines\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Government must work with GRA to block leakages - PwC - Ghanamma.com","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.ghanamma.com\/2017\/03\/13\/government-must-work-with-gra-to-block-leakages-pwc\/","twitter_card":"summary_large_image","twitter_title":"Government must work with GRA to block leakages - PwC - Ghanamma.com","twitter_description":"Business News of Sunday, 12 March 2017 Source: citibusinessnews.com 2017-03-12 Finance Minister, Ken Ofori-Atta &#13; Government has been advised to work closely with the Ghana Revenue Authority(GRA) if it intends to block leakages in the revenue systems to generate additional one billion cedis annually. 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