By The Ghana Revenue Authority (GRA) has dismissed reports circulating on social media. These reports allege that it has frozen the bank accounts of Richard Nii Armah Quaye. He is the founder of Bills Micro Credit Ltd.
The Authority confirmed that a personal income tax assessment has been raised against him. They clarified that no enforcement action has been taken. This includes the freezing of accounts.
The GRA stated this through its Communication and Public Affairs Department. It stressed that it follows a structured process in assessing and collecting taxes.
The process begins with taxpayers being engaged and requested to voluntarily declare their incomes. If they do not comply within the required period, the Authority raises an assessment. This assessment is based on available financial data. Enforcement measures are used only when a taxpayer refuses to cooperate. One such measure includes freezing bank accounts after being notified of the assessment.
The GRA confirmed that in Mr Quaye’s case, an assessment related to his income taxes has been issued. However, no enforcement action has been initiated against him.
The Authority urged the general public to disregard social media reports claiming otherwise.
The GRA encouraged all eligible taxpayers to voluntarily disclose their incomes. They should fulfil their tax obligations to avoid penalties. This helps avoid interest charges or other legal consequences.
It reaffirmed its commitment to upholding its core values. These values include integrity, fairness, responsiveness, service, and teamwork. They apply in all dealings with taxpayers and the public.
