The Ghana Revenue Authority (GRA) has announced the reversal of 30% discount on import values of general goods and 10% discount on Home Delivery Value of vehicles effective January 1, 2023.
The reversal according to GRA is in line with government’s 2023 budget statement and economic policy.
In a communique issued by the GRA, it stated that, “following the budget statement and economic policy of the government of Ghana for the year ending 31st December 2023, dated 24th November 2022, the Ghana Revenue Authority (GRA) wishes to inform the trading public of the complete reversal of the 30% discount on import values of general goods and 10% discount on home delivery value (HDV) of used vehicles effective 1st January 2023.
The statement also emphasized that the valuation of all goods will continue to be done in line with World Trade Organization (WTO) valuation agreement.
Valuation of all goods will continue to be done in line with the World Trade Organization (WTO) valuation agreement, WCO Customs valuation compendium and the Customs Act 2015 (Act 891) section 60 (used motor vehicles) and section 67 (general goods).
Government in 2019 introduced discounts on imported goods as part of efforts to help reduce prices of imported goods into the country.
To give the populace a break, imports of general commodities were discounted by 50% that year, while imports of cars were discounted by 30%.
After protests from local producers and manufacturers, it was later reevaluated multiple times.