Ghana Revenue Authority Introduces Alternative Methods for Payment of Taxes

Ghana Revenue Authority Introduces Alternative Methods for Payment of Taxes

In a communique issued on 28 May 2021, the Ghana Revenue Authority (GRA) announced introducing alternative means for payment of taxes via the platform. 

This measure aims to provide taxpayers with additional channels to quickly and conveniently fulfill their tax obligations. Traditionally, the GRA mainly accepted cash and cheques payments. On this point, the GRA adds that cash payments are and shall continue to be accepted by GRA offices until further notice.

However, effective from 1 June 2021, GRA offices will no longer accept personal or corporate cheques. 

These new alternative methods for payments are:

  • Direct Transfer (from account to account)
  • SWIFT Transfers
  • ACH (Automatic Clearing House) Transfers
  • By Debit or Credit cards
  • By Mobile Money
  • USSD Mobile
  • Mobile apps
  • Internet Banking etc.

In their communique, the GRA also provides a list of designated banks. Taxpayers are advised to pay all cheques issued in the name of the GRA for payment of any tax type at these banks.

These are:

  • FBN Bank
  • Absa Bank
  • GCB Bank Limited
  • United Bank for Africa
  • Agricultural Development Bank
  • Societe Generale Ghana
  • Zenith Bank
  • GT Bank
  • Fidelity Bank
  • First Atlantic Bank
  • National Investment Bank
  • Republic Bank
  • Ecobank Ghana
  • Cal Bank
  • Universal Merchant Bank
  • Prudential Bank
  • Consolidated Bank Ghana
  • Access Bank
  • Bank for Africa
  • Omni Bank
  • Standard Chartered Bank
  • Stanbic Bank

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