08.02.2024 Business & Finance

No agro product of COCOBOD has been auctioned — GRA debunks “misleading” report

No agro product of COCOBOD has been auctioned — GRA debunks misleading report
08.02.2024 LISTEN

The Ghana Revenue Authority (GRA) has denied reports that it auctioned agricultural chemicals, fertilizers and other imports belonging to the Ghana Cocoa Board (COCOBOD) due to unpaid import duties.

In a statement issued on Thursday, February 8, GRA said it had seen an article published in some section of the media last Friday titled "GRA auctioning COCOBOD's chemicals, fertilizers, others".

The article alleged that COCOBOD failed to pay import duties on agrochemicals, fertilizers and farm implements meant for cocoa farmers, leading to an auction by GRA.

However, GRA said this report was "disingenuous and misleading."

According to the tax agency, some agrochemicals and other items imported by COCOBOD in April-May 2023 overstayed at the State Warehouse and were transferred to the Uncleared Cargo List (UCL) as required by law.

The statement, signed by GRA's Communication and Public Affairs department, noted "Because the agro products are essential commodities needed for effective running of the operations of COCOBOD, they were not allocated to a different entity."

“As such, although the containers were under UCL, GRA carefully considered the request from COCOBOD and the key role it plays in the economy of Ghana and restored the items to them,” it stressed.

GRA further clarified that COCOBOD has since paid the necessary import duties, and that "No agro product of COCOBOD has therefore been auctioned."

It urges the public to disregard the report and the media to verify information before publishing.

Isaac Donkor Distinguished
Isaac Donkor Distinguished

News ReporterPage: IsaacDonkorDistinguished