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Ghs52 billion tax revenue allegedly stolen from GCB

An audit report released by a US based Journalist, Kelvin Taylor has revealed that about GHC52 billion of tax revenue had moved from the GCB transit account to unknown destination accounts.

The audit report had it that the Ghana Revenue Authority ( GRA) direct transit account reported over 1,180 transactions on it, of which a total of about 17.5 Billion was said to have been moved to unknown destination accounts. On the VAT Indirect Transit Account, a total of about 1,794 transactions were reported to have been made and about GHC18.9billion moved into an unknown account.

In all a total of GHC52,537,175,778.13 billion was illegally moved from the transit account to an unknown destination.

In a press statement by the Audit Service, the Audit Service said the audit report was an exercise sanctioned by Finance Minister Ken Ofori-Atta in a letter dated August 15, 2020, based on the mandate of the president.

Nov. 30, 2020

References:

• https://www.modernghana.com/news/1046975/return-missing-ghc52billion-to-gcb-or-face-our.html
• https://www.youtube.com/watch?v=MV000CZXvA8
• https://www.ghanaweb.com/GhanaHomePage/NewsArchive/Audit-Service-reacts-to-alleged-missing-GH-52-billion-at-GCB-1123547
• https://www.ghanaweb.com/GhanaHomePage/business/Ignore-mischievous-story-about-missing-GH-52-billion-tax-money-GCB-1123865
• https://africaneyereport.com/ghana-finance-minister-diverts-ghc52-billion-of-bog-money-from-gcb-bank-to-databank/
• https://www.myjoyonline.com/composition/comp-news/hp-news-4/audit-service-clarifies-leaked-document-alleging-transfer-of-%C2%A252-5bn-tax-revenue-to-unknown-accounts/
• https://3news.com/audit-service-provides-clarity-on-report-alleging-transfer-of-%C2%A252-5bn-tax-revenue-to-unknown-sources/