The Ghana Revenue Authority (GRA) has dismissed reports circulating on social media that it has frozen the bank accounts of Richard Nii Armah Quaye, the founder of Bills Micro Credit Ltd.
In an official statement, the Authority clarified that while a tax assessment has been issued, no enforcement action has been taken against him.
“GRA engages all taxpayers to assess their incomes earned and follows a standard procedure in communicating with them,” the statement emphasized.
The Authority further explained that enforcement measures, such as freezing accounts, are only applied when taxpayers refuse to cooperate after assessments are raised.
“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 added.
GRA urged the public to disregard the reports suggesting otherwise and called on taxpayers to voluntarily declare their incomes and fulfil their tax obligations to avoid penalties and other sanctions.
Reaffirming its commitment to fairness and integrity, the Authority assured taxpayers that it remains dedicated to transparency and due process in its operations.
Reports surfaced that the state revenue collection body had placed restrictions on the business mogul’s bank accounts following his extravagant 40th birthday celebration at Black Star Square.
The lavish event, attended by hundreds of dignitaries and celebrities, gained further attention after Armah-Quaye received three luxury vehicles as birthday gifts from his business associates.
