Ghana Revenue Authority refutes claims of freezing Richard Quaye’s bank accounts
The Ghana Revenue Authority (GRA) has dismissed reports circulating on social media alleging that it has frozen the bank accounts of Richard Nii Armah Quaye, the founder of Bills Micro Credit Ltd.
While confirming that a personal income tax assessment has been raised against him, the Authority clarified that no enforcement action, including the freezing of accounts, has been taken.
In a statement issued by its Communication and Public Affairs Department, the GRA 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 fail to do so within the required period, the Authority proceeds to raise an assessment based on available financial data. Enforcement measures, such as freezing bank accounts, are only applied when a taxpayer refuses to cooperate after being notified of the assessment.
The GRA confirmed that in Mr Quaye’s case, while an assessment related to his income taxes has been issued, no enforcement action has been initiated against him.
The Authority urged the general public to disregard social media reports claiming otherwise.
Additionally, the GRA encouraged all eligible taxpayers to voluntarily disclose their incomes and fulfil their tax obligations to avoid penalties, interest charges, or other legal consequences.
It reaffirmed its commitment to upholding its core values of integrity, fairness, responsiveness, service, and teamwork in all dealings with taxpayers and the public.
