The Ghana Revenue Authority (GRA) has clarified its tax enforcement measures, stating that freezing bank accounts is only a last resort for taxpayers who fail to comply after being assessed for outstanding obligations. This follows social media reports alleging that the accounts of Richard Nii Armah Quaye, founder of Bills Micro Credit Ltd., were frozen.
In a statement, the GRA explained its structured process for assessing taxpayers, which begins with requesting voluntary income declarations. If taxpayers fail to comply within the specified timeframe, assessments are made using available financial data.
Enforcement actions, including account freezing, are only initiated after repeated noncompliance and due notification.
Regarding Mr. Quaye’s case, the GRA confirmed that while an income tax assessment has been issued, no enforcement actions have been taken. The Authority urged the public to disregard false reports and emphasized its commitment to fair and transparent tax administration.
It encouraged voluntary compliance to avoid penalties and assured adherence to integrity and fairness in its operations.
