Govt Loses $9 Million Annually

Posted to the web 24 July 2008 Edmond Gyebi Tamale The Chief Executive Officer (CEO) of Unilever Ghana Limited, Charles Alexander Coffie, has disclosed that the government of Ghana loses about $9 million in revenue every year, through illegal activities of some cooking oil importers in the country. Mr. Coffie further disclosed that the illegal activities, of these cooking oil importers in March 2008 alone, caused a total loss of $1,499,968.00 in revenue to the government. The Unilever boss explained that the importers used dubious and illegal means, such as smuggling, re-routing, under-declaration and transiting of goods, to evade import taxes. He has, therefore, appealed to the government, to beware of such importers, and find out how best it would be able to curtail such practices. The Unilever CEO made the observation,... [read full story]