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GRA Rejects Auditor-General’s Claim Of GH₵3.26bn Loss



GRA Rejects Auditor-General’s Claim Of GH₵3.26bn Loss

The Ghana Revenue Authority (GRA) disputes the assertion made in the 2021 Auditor General’s report that the nation has lost GH3.26 billion.

The GRA claims that the audit performed by the Audit Service in May 2022 did not take into account the aforementioned sum, which was the Energy Sector Levies.

The reasons why the money was marked as “unaccounted” were explained in a statement that was issued by Florence Asante, Assistant Commissioner, Communication and Public Affairs, GRA.

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She continued by saying that in March 2022, the GRA provided the Controller and Accountant General Department (CAGD) with provisional income data for 2021 totaling GH60.69 billion, which included GH3.2 billion in Energy Sector Levies. Excerpts from the statement stated that “in May 2022, the Audit Service conducted an audit of the revenue collected by GRA in 2021 and arrived at a figure of GH57.43 billion,” but added that this figure did not account for the Energy Sector Levies that GRA reports on, such as the Energy Debt Service, Energy Debt Recovery, Power Generation, and Sanitation and Pollution levy. Despite the fact that the numbers were given, she said, “These charges totaling GH3.2 billion were deleted from the Audit report.”

Mrs. Asante emphasized once more that at GRA, no money was lost. Dr. John Kumah, the Deputy Minister of Finance, previously explained that the discrepancies in the data produced by various agencies did not always represent a loss of revenue to the government. The GRA and the Ministry of Finance recorded a total tax collection of GH57.43 billion in its 2021 report to the Auditor General, whereas the Controller and Accountant General Department’s records indicated a total tax revenue of GH60 billion.

As a result, it claimed that GH3.26 billion was missing from the three institutions. The Auditor General gave specifics, noting that CAGD recorded Direct and Indirect taxes totaling GH27.7 billion (GH27,709,806,120) and GH32.9 billion (GH32,979,232,570) in the Government Accounts, respectively. It said that the sum resulted in an overstatement of tax income of GH 3.26 billion as compared to GRA stated tax collection of GH 27.6 billion and GH 29.8 billion for direct and indirect taxes, respectively.



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Glitz Galleria Launches Maiden Edition Of “Entrepreneurship Made Easy” Successfully




Glitz Galleria a beauty brand which offers services in makeup, hair and nails but has a vision to be a brand that impacts beyond beauty has set its light on startups and young entrepreneurs. The summit “Enterprenuership Made Easy” is a program that seeks to inspire, motivate and encourage every aspiring /rising entrepreneur to take that bold step to achieving his/her dreams. It also seeks to create a network where there’ll be opportunities for the startups to excel in what they do.

The maiden edition of “entrepreneurship made easy” took place on the 7th November,2022 at the UDS guesthouse, it was well attended with entrepreneurs from different fields ( trades and services), young and old, people traveled as far as Kumasi to attend. It was a very insightful, inspiring session as speakers spoke on the theme “ dare to dream,dare to achieve “ and share their success stories as well.

The event hosted by Albertha Bossman felt the honorable presence of special guest speakers such as Media Personality; Maxbel Coleman of Kantanka TV, Maxbel modeling agency, Fashion Fusion Ghana , Madam Afua Asantewaa Aduonum; CEO of Askof Productions, Dr Charity Twumasi Ankrah; CEO of Chartma Herbal Center.

Attendees were very happy and are looking forward to the next edition next year

Connect with Glitz Galleria and “Enterprenuership Made Easy” across all social media platforms.

Facebook: Glitz Galleria

Instagram: glitzgalleria/entrepreneurship made easy

Email:[email protected]

Call/Watsapp : 0208663509.

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Twitter to charge $20 per month for verification badge




Twitter to charge $20 per month for verification badge

Only a few days after taking over as Twitter’s CEO, Elon Musk is apparently working on some significant improvements.

The Twitter Blue membership and even the verification procedure, which awards verified accounts with a “Blue tick,” are expected to undergo modifications.

According to reports, the Twitter Blue subscription will be connected to it, and Musk also has big price increases planned for the subscriptions.

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The new Twitter Blue subscription will cost customers $19.99, according to a report by The Verge. Additionally, Twitter accounts that already have the blue tick will need to abide by this new system and pay for it.

According to the article, verified users will have a total of 90 days to switch to Twitter Blue before they lose their checkmark.

Employees of Twitter have also been told to resign or move quickly with this new membership plan. According to the article, a deadline of November 7 has been set for the staff.

Blue Twitter Subscription

Twitter Blue, a paid monthly opt-in subscription that grants exclusive access to premium services, was introduced last year.

This, according to Twitter, will allow you to personalize your Twitter experience. In the US, Canada, Australia, and New Zealand, the subscription service is now available.

It will be interesting to see how Musk implements both a global rollout and a complete overhaul of the payment system. Twitter Blue can be bought in-app on iOS and Android in the regions that are eligible.

Elon Musk recently revealed screenshots from internal Twitter communications that proved the board of directors had misled to him before the transaction was finalized.

The security chief mentions “fraudulent metrics” being shown in the screen grab. Bots, however, were not mentioned. According to Musk, he will share additional details in the coming days.

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