The Ghana Revenue Authority (GRA) has refuted claims that it has frozen the financial accounts of Richard Nii Armah Quaye, the businessman and Chairman of the Micro Credit firm, BILLS.
The GRA’s denial comes on the back of many news reports that have suggested otherwise.
The reports suggested that Quaye’s accounts had been restricted, but the GRA clarified that such actions are part of a routine procedure to assess tax payments and ensure compliance.
According to the GRA, the assessment is a standard part of their audit process, aimed at verifying tax compliance among businesses and high-net-worth individuals.
Sources within the GRA confirmed that discussions are ongoing with Mr. Quaye regarding his tax obligations, with efforts focused on ensuring that all necessary payments are made.
The authority emphasized that these assessments are periodic and often carried out for individuals and companies with a history of compliance.
Following the audit, Quaye will be expected to settle any outstanding tax obligations, including duties on imported goods, as advised by the GRA.
A source within the GRA explained to Joy Business: “This is a routine exercise aimed at fostering a cooperative relationship between the GRA and taxpayers as part of efforts to increase tax revenue this year.”
Richard Nii Armah Quaye Celebrates 40th Birthday in Style
In other news, Richard Nii Armah Quaye recently marked his 40th birthday with a lavish celebration at Accra’s Black Star Square.
The event, themed #RNAQ40, attracted a host of influential business leaders, entertainment stars, and government officials.
Prominent figures such as Dr. Osei Kwame Despite and Dr. Ernest Ofori Sarpong attended, highlighting Quaye’s significant presence in Ghana’s business community.
The celebration also featured performances from top artists including Nigerian superstar Davido, Ghanaian rapper Sarkodie, and dancehall sensation Stonebwoy, adding to the excitement and making the occasion unforgettable.