Akufo-Addo appointees buying confiscated cars at cheaper prices

Akufo-Addo appointees buying confiscated cars at cheaper prices

It has been revealed that Ghana loses thousands of cedis as a result of confiscated cars being auctioned cheaply to people who are politically connected.

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An investigation by Joy News has uncovered how confiscated vehicles are sometimes sold for prices far lesser than their estimated duty cost.

A 2004 VW Touareg was found to have been allocated to one Nii Teiko Tetteh at a price of just above ¢25,000.

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This was despite the fact that the said vehicle had an estimated duty cost of between GH¢66,000 and GHc88,000.

Interestingly, the beneficiary was found to have provided a cover letter showing that the vehicle was paid for by the Office of the President.

Meanwhile, the Ghana Revenue Authority (GRA) platform showed that no taxes were paid on the VW Touareg.

This goes against the provisions of the Customs Act, 2015 which states that forfeited vehicles should be disposed at a price which includes the duty and eligible taxes on the said vehicle.

The Head of Auction at GRA, Prince Akwaboah, however, says his outfit’s priority is to ensure that duties are paid and not to determine who exploits the system.

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In another instance, the investigations revealed that a 2010 Lexus Wagon was auctioned to one Cecelia Koufie at GHc30,000 when the estimated duty was supposed to be GHc51,000.

READ ALSO: GFA names C.K Akonnor as substantive Black Stars coach

Several other vehicles were found to have been auctioned at cheap prices to connected people.

YEN.com.gh earlier reported that government has signed a €250 million deal with the federal government of Germany to upgrade and expand the country's electricity transmission infrastructure.

The Memorandum of Understanding was signed at the Jubilee House in Accra on Tuesday, January 14, 2020 by CEO of the Ghana Grid Company (GRIDCo) and Sabine Dall'Omo, a representative of Siemens in the presence of President Akufo-Addo and the Chief Executive Officer of Siemens AG, Mr. Joe Kaeser.

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Source: Yen

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