Ten state institutions, including the Ghana Airports Company Limited (GACL) and the Electricity Company of Ghana (ECG), owe the Ghana Revenue Authority (GRA) over GH¢1 billion in taxes.
This was revealed during an engagement at the Public Accounts Committee sitting on Monday, July 29, by officials of the GRA.
While some of these entities are viable and have shown an intention to pay, the Committee raised concerns about redundant ones like the Tema Oil Refinery (TOR).
A GRA official noted, “GACL and Graphic Corporation currently have cash flow challenges. They’ve indicated to us that we need to give them a moratorium to be able to come back to us. So, for them, they are prepared to pay once their cash flow improves.”
Minister of State at the Finance Ministry, Abena Osei Asare, speaking about companies that are unlikely to pay their taxes, stated, “Mr. Chairman, we have done this before. We brought it to Parliament; we went through a process and brought some to Parliament for Parliament to write it off.”
“If it becomes necessary after all avenues to collect these monies have failed, we will go through that process and then come to Parliament for permission to do that.”
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