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Day: October 13, 2025

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GRA Foils Attempted Diesel Diversion, Saves State GH¢2.3 Million in Revenue

GRA Foils Attempted Diesel Diversion, Saves State GH¢2.3 Million in Revenue

The Ghana Revenue Authority (GRA), working in collaboration with the National Security Authority, has uncovered and intercepted a fuel diversion syndicate attempting to illegally reroute diesel meant for export. According to the GRA, the operation which thwarted what could have been a GH¢2.3 million tax loss involved 10 trucks loaded with approximately 540,000 litres of...

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PIAC criticises $100m cap on Stabilisation Fund, calls for compliance

PIAC criticises $100m cap on Stabilisation Fund, calls for compliance

The Public Interest and Accountability Committee (PIAC) has expressed concern over the government’s continued breach of the legal capping formula for the Ghana Stabilisation Fund (GSF), warning that the move undermines Ghana’s ability to withstand future fiscal shocks. According to PIAC’s 2025 Half year report, the government maintained a US$100 million cap on the Fund...