GRA goes after $2.8 billion in accounts of Ghanaians overseas

This was after it carried out some work on 70,000 accounts of Ghanaians living in 40 countries.

The Commissioner General of the Ghana Revenue Authority, Rev. Dr. Ammishaddai Owusu-Amoah, disclosed this on PM Express Business Edition with host George Wiafe.

“For the 40 countries in which we have completed work, the value of money in these accounts are pegged at $2.8 billion,” he stated.

“However, the Ghana Revenue Authority has been able to raise a tax liability of ¢1.6 billion. This is an assessment, but doesn’t mean that we have already collected the taxes on these accounts, the GRA boss added.

Rev. Dr. Ammishaddai Owusu-Amoah pointed out that this was based on work done in two months by the GRA.

The Commissioner General also revealed that his outfit is expecting another set of data to come in the first week of January 2024, which could also improve the inflows expected.

Reasons and legal basis by GRA

The Commissioner-General of the GRA said it is getting information from the Organization for Economic Co-operation and Development (OECD) Agreement on automatic exchange of information with member countries and the exchange of information on request.

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