The Ghana Revenue Authority (GRA) has dismissed claims that it has frozen the bank accounts of Richard Nii Armah Quaye, the founder of Bills Micro Credit Ltd.
This response follows reports that suggested the Authority had taken enforcement action against Mr. Quaye and imposed a personal income tax assessment of GH₵30 million on him.
In a statement released on Thursday, March 27, by the Communications and Public Affairs Department, the GRA clarified that while an income tax assessment has been issued against Mr. Quaye, no enforcement action, including the freezing of his bank accounts, has been taken.
The Authority urged the public to disregard circulating social media reports and publications making such allegations.
It also emphasized that it follows a standard procedure when assessing taxpayers’ incomes.
These procedures include engaging taxpayers to declare their earnings, issuing assessments when declarations are not made by the due date, and following due processes to request tax payments.
“GRA, therefore, requests the general public to disregard the publications on social media and other platforms that Mr. Quaye’s bank accounts have been frozen by the Authority. We also urge all eligible taxpayers to voluntarily disclose incomes earned and pay the taxes due to GRA to avoid the payment of penalties and interests as well as facing other sanctions,” part of the statement read.
GRA reaffirmed its commitment to fair and transparent tax administration, the GRA encouraged voluntary compliance to prevent penalties and other legal consequences.
