The Ghana Revenue Authority (GRA) says no new taxes have been or are being levied on power consumption in the country as being circulated on social and mainstream media.
Additionally, it has rebuffed claims that the authority had made changes to the benchmark value reduction policy (discount policy) being implemented at the country's ports.
"The purpose of the said letter was to draw the attention of the power producers in particular, to the Value Added Tax (VAT) mechanism as it applies to the power sector and to get operators to invoice the supply power to the Electricity Company of Ghana (ECG) correctly", it said.
"On the account of their current invoicing policy , ECG over the years has had some challenges claiming input VAT associated with the supply of electricity by power producers, which could have reduced the net tax payable by the ECG to GRA", it said.
On the benchmark value reduction policy, the statement said, it was being implemented as originally announced by the Vice President Dr Mahamudu Bawumia, last year.
