The Ghana Revenue Authority (GRA) has moved swiftly to debunk rumors circulating on social media that it has frozen the bank accounts of Richard Nii Armah Quaye, founder of Bills Micro Credit Ltd.
In a statement issued on Thursday, March 27, the GRA set the record straight, emphasizing that no enforcement action, including freezing bank accounts, has been taken against Mr. Quaye.
Instead, the Authority confirmed that an income tax assessment has been issued against him. As stated by the GRA, “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 GRA urged the public to disregard the false reports, cautioning against the spread of misinformation. “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 also shed light on its standard procedures for assessing taxpayers’ incomes, highlighting its commitment to fair and transparent tax administration.
“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.”