The Ghana Revenue Authority (GRA) has refuted claims that it has frozen the bank accounts of Richard Nii Armah Quaye, the founder of Bills Micro Credit Ltd.
In a statement released on Thursday, March 27, by its Communications and Public Affairs Department, the GRA clarified that while an income tax assessment of GH₵30 million has been issued against Mr. Quaye, no enforcement action, including the freezing of his accounts, has been taken.
The Authority urged the public to disregard social media reports and publications suggesting otherwise, emphasizing that it follows due process when assessing taxpayers’ incomes. According to the GRA, its procedures involve engaging taxpayers to declare their earnings, issuing assessments when declarations are not made by the due date, and formally requesting 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,” the statement read.
Reaffirming its commitment to fair and transparent tax administration, the GRA encouraged taxpayers to comply voluntarily to avoid penalties and other legal consequences.
