GRA directed to suspend reversal of benchmark value reduction<\/b><\/p>\n Trading activity at ports to be affected with reversal implementation, GUTA, GFL<\/p>\n GRA to commence implementation on January 17<\/p>\n The Ghana Federation Labour (GFL) has said it expects due diligence on impact assessment for the implementation of reversal of discount on benchmark value on the part of government agencies. <\/p>\n This comes after President Akufo-Addo directed the Ghana Revenue Authority to suspend the implementation of the reversal of discount on the policy in order to allow for more stakeholder consultation. <\/p>\n But according to Abraham Koomson, General Secretary of the Federation, it had earlier estimated job cuts owing to the implementation of the reversal of the policy and therefore wants an impact assessment. <\/p>\n \u201cWe expect the relevant government agencies spearheading the benchmark value policy to exercise due diligence in the assessment of the impact of the policy on the local manufacturing industry and the general Ghanaian economy in terms of job creation and sustenance,\u201d he said.<\/p>\n Koomson however commended the president for suspending the directive and described it as one that would allay fears of jobs cuts, restore confidence and bring sanity to the trading community. <\/p>\n Meanwhile, President of the Ghana Union of Traders Association, Dr Joseph Obeng, has described the president\u2019s directive to suspend the reversal of the policy as sensitive to the plight of the trading community. <\/p>\n \u201cThe news means that the President has been very sensitive to our plights, and the traders are very grateful for this. We call on the government to make sure that the stakeholder engagements start as early as possible,\u201d he told Joy Business in an interview. <\/p>\n GUTA\u2019s president, therefore, has urged the GRA to as soon as possible withdraw its early statement that said the implementation of the reversal of the discount had been deferred to January 17, 2022.<\/p>\n \u201cWe take the opportunity to call on the Ghana Revenue Authority to withdraw its earlier circular that suggested that they\u2019ve deferred the implementation to 17th,” he said.<\/p>\n “So, they should withdraw that. Until the stakeholder engagement is conclusive, they cannot implement the reversal of the benchmark policy,\u201d he stated.<\/p>\n He further added government should haste its engagement with stakeholders in order to address concerns on the reversal of the policy.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":" Importers and Exporters want more consultations before the directive is implemented GRA directed to suspend reversal of benchmark value reduction Trading activity at ports to be affected with reversal implementation, GUTA, GFL GRA to commence implementation on January 17 The Ghana Federation Labour (GFL) has said it expects due diligence on impact assessment for the […]<\/p>\n","protected":false},"author":1,"featured_media":290597,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[],"class_list":["post-743538","post","type-post","status-publish","format-standard","has-post-thumbnail","category-local-news"],"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/743538","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/comments?post=743538"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/743538\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/media?parent=743538"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/categories?post=743538"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/tags?post=743538"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"Importers](\"https:\/\/www.ghanamma.com\/wp-content\/uploads\/2021\/11\/79148356.295.jpg\" "\\"Importers")
Importers and Exporters want more consultations before the directive is implemented<\/span><\/span><\/p>\n<\/div>\n