The Ghana Revenue Authority (GRA) has denied claims it charges duties on imported vehicles in foreign currencies.
It said in a statement that duties were calculated based on the Customs Act 2015 (Act 891), adding that the allegations that it calculates those duties in foreign currency were misleading and should be disregarded.
“Duties and taxes are computed based on the value of vehicles from the country of origin. In addition to the cost of vehicles, insurance and freight charges must be added to form the basis for the calculation of duty and taxes.
The cost, insurance, and freight (CIF) values are quoted in international convertible currencies such as dollars, euros, pounds sterling, etc.,” the statement said.
The authority said cost, insurance, and freight values are then converted into Ghana cedis at the prevailing Bank of Ghana exchange rate.
Thus, rates of duty and other taxes are then calculated on the item in Ghana cedis and not quoted in foreign currency as it was speculated.
The authority therefore entreated the general public to disregard the false information and urged all importers who have concerns about the calculation of customs duties and taxes to reach the GRA.
Find the full statement below:
