Accra, March 27, 2025 – The Ghana Revenue Authority (GRA) has dismissed reports circulating on social media that it has frozen the bank accounts of Richard Nii Armah Quaye, founder of Bills Micro Credit Ltd. The Authority clarified in a press release that while a tax assessment of GH₵30 million has been raised against Mr. Quaye, no enforcement action—such as account freezing—has been taken.
According to the statement issued by the GRA’s Communication & Public Affairs Department, the authority follows standard procedures in assessing and collecting taxes. It explained that taxpayers are first asked to voluntarily declare their income, and assessments are only raised when they fail to do so by the due date. In cases where taxpayers refuse to cooperate, enforcement actions like account garnishment may be taken, but GRA confirmed that no such action has been executed against Mr. Quaye.
GRA urged the public to disregard false reports suggesting that Mr. Quaye’s bank accounts had been frozen, emphasizing that the only step taken so far is the issuance of a tax assessment. The authority also used the opportunity to encourage all taxpayers to voluntarily disclose their incomes and settle their tax obligations to avoid penalties or sanctions.
Reaffirming its commitment to fairness and transparency, the GRA reassured taxpayers that it remains dedicated to upholding its core values of integrity, fairness, responsiveness, service, and teamwork.
Public Advised to Verify Information
The GRA also cautioned against the spread of misinformation, urging the public to rely on official communication from the Authority rather than unverified social media posts. It reiterated that tax enforcement actions are only taken when a taxpayer refuses to cooperate after due process.
This latest development comes amidst growing discussions on tax compliance and enforcement in the country, with authorities seeking to strengthen revenue collection mechanisms while ensuring fairness in the process.
Source:Mybrytfmonline.com/Gumedzo Isaac Acheampong
