The Ghana Revenue Authority (GRA) has denied media reports of freezing bank accounts of Richard Nii Armah Quaye, the founder of Bills Micro Credit Ltd.
The statement from the GRA was in response to claims that it had frozen the accounts of the businessman.
In a press statement issued on Thursday, March 27, 2025, the GRA clarified that while a tax assessment of GH₵30 million has been raised against Quaye, it has not frozen the accounts of Mr Quaye.
“The Authority has issued an assessment on him relating to his income taxes, but we have not commenced any enforcement action such as freezing his bank accounts,” the statement said.
It has therefore admonished the Ghanaian public to disregard the media reports.
According to the GRA, it follows due process when dealing with tax assessments.
The GRA added that enforcement actions, including account garnishments, only occur when taxpayers refuse to cooperate after assessments have been raised.
Meanwhile, it has also advised all eligible taxpayers to voluntarily disclose their incomes and fulfil their tax obligations to avoid penalties, interest, and other legal consequences.
By: Rainbowradioonline.com/Ghana
