The Ghana Revenue Authority (GRA) has refuted claims that it has frozen the bank accounts of Richard Nii Armah Quaye, the founder of Bills Micro Credit Ltd, amid reports of a GH₵30 million personal income tax assessment imposed on him.
In a statement issued on March 27, 2025, the GRA dismissed reports circulating on social media suggesting it had taken enforcement action against Quaye. The authority clarified that while an income tax assessment has been issued against him, no steps have been taken to freeze his accounts.
“The GRA has not commenced any enforcement action against Mr. Richard Nii Armah Quaye, including freezing his bank accounts. However, an income tax assessment has been issued,” the statement noted.
The tax agency urged the public to disregard misleading claims and emphasized its commitment to fair and transparent tax administration.
“We request the general public to ignore publications alleging that Mr. Quaye’s accounts have been frozen. The GRA follows due processes in assessing taxpayers and encourages voluntary disclosure of income to avoid penalties and legal consequences,” it added.
The GRA reiterated its standard procedure for assessing taxes, which involves:
- Engaging taxpayers to voluntarily declare their income.
- Raising assessments when taxpayers fail to disclose earnings within the required timeframe.
- Following established procedures to recover outstanding taxes.
The Authority encouraged all taxpayers to comply with tax obligations to avoid sanctions, interest charges, and other enforcement actions.
