The Ghana Income Authority (GRA) has stated it didn’t freeze financial institution accounts of Richard Nii Armah Quaye, the founding father of Payments Micro Credit score Ltd.
This comes on the again of studies that the authority had taken enforcement motion in opposition to Mr. Quaye.
In a press assertion issued on Thursday, March 27, 2025, the GRA clarified that whereas a tax evaluation of GH₵30 million has been raised in opposition to Quaye, no enforcement motion, together with the freezing of his accounts, has been taken.
“The Authority has issued an evaluation on him referring to his earnings taxes, however we have now not commenced any enforcement motion similar to freezing his financial institution accounts,” the assertion stated.
The GRA urged the general public to ignore the false studies and warranted that it follows due course of when coping with tax assessments. The authority defined that enforcement actions, together with account garnishments, solely happen when taxpayers refuse to cooperate after assessments have been raised.
Moreover, the GRA inspired all eligible taxpayers to voluntarily disclose their incomes and fulfill their tax obligations to keep away from penalties, curiosity, and different authorized penalties.
In the meantime, the authority has reaffirmed its dedication to equity, integrity, and transparency in tax administration and warranted the general public of its adherence to due course of in all issues associated to tax compliance.
Background
Mr Quaye lately celebrated his fortieth birthday in grand fashion on the Black Star Sq. in Accra, with a star-studded occasion attended by prime native and worldwide dignitaries, enterprise elites, and leisure heavyweights.
The extravagant celebration dubbed #RNAQ40 introduced collectively a few of Ghana’s most influential personalities, together with Dr Osei Kwame Regardless of and Dr Ernest Ofori Sarpong, whose presence underscored the celebrant’s deep ties to the nation’s enterprise and social elite.
Additionally in attendance have been authorities officers, business leaders, and high-profile figures from the worldwide enterprise group, all gathering to honour Mr Quaye’s outstanding journey and achievements over time.
Nigeria’s Davido and Ghana’s Sarkodie delivered an exciting efficiency, whereas Stonebwoy’s Afro-dancehall power saved the viewers on their toes.
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