The Ghana Revenue Authority (GRA) is actively encouraging businesses impacted by fires or other disasters to declare their losses. According to Chief Revenue Officer Victor Yao Akogo, businesses can claim tax relief on the value of destroyed or lost goods. To qualify, businesses must report the damage to the GRA for verification purposes. This measure aims to provide financial support to businesses recovering from unforeseen incidents. The tax deduction will be applied after the GRA confirms the reported losses. This initiative seeks to alleviate the financial burden on affected companies and support economic recovery. The GRA emphasizes the importance of reporting to ensure businesses receive the tax benefits they are entitled to.