The Ghana Revenue Authority (GRA) has strongly denied claims that it has frozen the bank accounts of Richard Nii Armah Quaye, founder of Bills Micro Credit Ltd.
This follows reports suggesting that 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 issued on Thursday, March 27, the GRA clarified that no such enforcement action, including freezing his bank accounts, has been taken. However, it confirmed that an income tax assessment has been issued against him.
“In the case of Mr. Richard Nii Armah Quaye, GRA has not commenced any enforcement action against him, including freezing his bank accounts. The Authority has issued an assessment on him relating to his income taxes,” the statement read.
The GRA urged the public to disregard social media reports and other publications alleging that Mr. Quaye’s accounts had been frozen.
“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 Authority added.
The statement further emphasized that the GRA follows standard procedures in assessing taxpayers’ incomes.
“GRA engages all taxpayers to assess their incomes earned and follows a standard procedure in communicating with them. These processes include writing to request taxpayers to voluntarily declare their income, raising assessments when they fail to declare their income by the due date, and following due processes to request payment of the tax due,” the statement explained.
The GRA reassured the public of its commitment to fair and transparent tax administration while encouraging voluntary compliance to avoid penalties and other legal consequences.