The Management of the Ghana Revenue Authority (GRA) has denied reports that the Authority has accessed a US$75 million loan from one of the banks in the country.
The response from the GRA follows claims by
MP for the Bolgatanga Central Constituency, Isaac Adongo.
The MP asked Parliament to investigate GRA for acquiring a loan of US$75 million without parliamentary approval.
But the GRA in a statement denied the claims.
It said “We wish to categorically state that the Ghana Revenue Authority has not accessed any US$75 million loan from any bank as indicated by the Honourable Member of Parliament for Bolgatanga Central.”
The GRA had planned to secure a loan facility for a major capital expenditure project, but after receiving no objection from the Ministry of Finance, it decided not to access the loan facility.
“The Management of GRA wants to clarify that in 2022, the Authority had the intention of securing a loan facility to embark on a major capital expenditure project and therefore wrote to the Ministry of Finance to seek a “no objection” from the Minister. Upon receipt of the “no objection” from the Ministry of Finance, the Board and Management of GRA discussed the issue further and decided not to access the loan facility anymore. It was for this reason, that GRA did not proceed to Parliament on the issue,” the GRA stated.
Read the full statement below