GRA Archives - Wontumi Online

28 Mar

Ghana Revenue Authority Refutes Claims Of Freezing Richard Quaye’s Bank Accounts

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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…

28 Mar

Ghana Revenue Authority Explains Why It Freezes Accounts Of Taxpayers

CUD Wontumi0 CommentsBusinessAccounts freezing, GRA

The Ghana Revenue Authority (GRA) has clarified its enforcement measures regarding tax compliance, explaining that it only freezes the bank accounts of taxpayers who fail to cooperate after being assessed for outstanding tax obligations. The clarification follows reports circulating on social media claiming that the Authority had frozen the accounts of Richard Nii Armah Quaye, the founder of Bills Micro Credit Ltd. In a statement issued by its Communication and Public Affairs Department, the GRA stated that it follows a structured process in assessing the incomes of taxpayers. This involves requesting individuals and businesses to voluntarily declare their earnings. If…

27 Jan

Security Prevents Alleged NDC Thugs From Attacking GRA Headquarters

CUD WontumiNewsGRA, NDC Thugs

Security personnel at the Ghana Revenue Authority (GRA) Headquarters in Accra have prevented an alleged group of National Democratic Congress (NDC) supporters from causing chaos over the appointment of Anthony K. Sarpong as Acting Commissioner-General. The aggrieved group, reportedly unhappy with Mr. Sarpong’s appointment, argued that he was not part of the NDC’s struggles during its time in opposition and should not be allowed to hold such a significant position under the current administration. The group also alleged that Mr. Sarpong has affiliations with the opposition New Patriotic Party (NPP), further fueling their dissatisfaction. Following a heated confrontation with security…

20 Jan

GRA Threatened To Shut Down My Production Due To Unpaid Taxes – Fiifi Coleman

CUD WontumiShowbizFiifi Coleman, GRA

Renowned playwright Fiifi Coleman has shared a distressing experience about how staff from the Ghana Revenue Authority (GRA) threatened to shut down one of his productions over unpaid taxes. In an interview on Hitz FM on January 20, 2025, Coleman revealed that just minutes before he was set to go on stage, he received a call from GRA officials demanding his presence to sign a letter. “I was like, ‘I’m about to go on stage. I am backstage. Any of my staff out there is authorized to sign that letter.’ They said no, they want me. I said, ‘I am…

12 Dec

GRA Refutes Claims Of Vehicle Auctioning, Warns Against Fraudulent Notices

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The Ghana Revenue Authority (GRA) has categorically denied recent reports alleging its involvement in the auctioning of vehicles. In a statement issued on December 11, the GRA described the claims as “false” and reaffirmed its strict adherence to established procedures for auctioning vehicles and goods through its Customs Division. The authority cautioned the public to remain vigilant against fraudulent schemes and advised individuals not to make payments to unauthorized persons or groups linked to these false reports. Reiterating its commitment to transparency, the GRA urged the public to rely solely on official communications for accurate and reliable information about its…

05 Dec

London Court Set To Decide On GRA’s $400M Tax Dispute With Tullow Oil

wontumionlineBusinessGRA, Tax dispute, Tullow Oil

Tullow Oil has provided an update in its Trading Report released on November 29, 2024, revealing that the International Arbitration Court in London is preparing to deliver its decision on the tax dispute with the Ghana Revenue Authority (GRA). The case centres around a $400 million tax assessment, and a verdict is expected by the close of the year after both parties presented their arguments. In the report, Tullow Oil confirmed that a hearing took place in October 2023, with the court’s decision anticipated before the year’s end. Tullow’s CEO, Rahul Dhir, discussed the potential consequences of the court’s ruling earlier this…

04 Oct

Chinese Company In ‘Hide And Seek’ With GRA Over Tax

wontumionlineBusinessGRA

Chinese conglomerate Sunda International is facing mounting allegations of tax evasion, producing substandard products, and violating Ghanaian laws, all while allegedly bribing customs and immigration officials to turn a blind eye to their illicit activities. Sunda, registered in Ghana as an importer and manufacturer of ceramics and sanitary ware, is accused of expanding into the production of baby diapers, washing powder, and chemicals without the required accreditation. Despite repeated warnings from the Ghana Standards Authority (GSA) to cease these unlicensed operations, the company allegedly continues to defy regulations, raising concerns over the safety of Ghanaian consumers. The scandal extends beyond…

23 Aug

GRA Pushes For Comprehensive Tax Policy Reforms To Boost Compliance

wontumionlineBusinessGRA

The Ghana Revenue Authority (GRA) has added its voice to the growing calls for comprehensive policy reforms to amend the country’s tax systems. This call for change was strongly emphasised by the Commissioner-General of the GRA, Julie Essiam, during her address at the 12th Annual International Tax Conference, an event organized by the Chartered Institute of Taxation, Ghana. Commissioner-General Essiam pointed out the pressing need for a reevaluation of the current Value Added Tax (VAT) structure, which she described as cumbersome and challenging for both individuals and businesses to navigate. In her remarks, she underscored the importance of creating a…

08 Aug

GRA Grants Amnesty To Users Of Uncustomed Vehicles

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The Customs Division of the Ghana Revenue Authority (GRA) has granted a two-month amnesty period for users of uncustomed vehicles. The amnesty which took effect from August 1 will end on September 30, 2024. In a press release, GRA said all penalties that would have been imposed should such vehicles be impounded by personnel of the Customs Division will not be applied during the stated period. Meanwhile, all users of uncustomed vehicles have been urged to take advantage of this window and regularise documentation of their vehicles that have been illegally imported into the country. Find the statement below: Source: Adomonline

29 Jul

ECG, Nine Others Owe GRA Over GH¢1 Billion In Unpaid Taxes

wontumionlineBusinessECG, GRA

Some ten state institutions, including the Electricity Company of Ghana (ECG) and the Ghana Airports Company Limited (GACL), are reported to owe the Ghana Revenue Authority (GRA) over GH¢1 billion in unpaid taxes. According to officials from the revenue arm of the government, some of the mentioned institutions that remain viable have expressed their commitment to paying the taxes. This information was revealed when officials from the GRA appeared before the Public Accounts Committee on Monday, July 29, 2024. “GACL and Graphic Corporation currently have cash flow challenges. They have informed us that we need to grant them a moratorium to allow…