GRA Debunks Claims of Freezing Richard Armah Quaye’s Accounts
Tax Authority Clarifies GH₵30M Assessment, Denies Enforcement Action
- GRA confirms it has not frozen Richard Armah Quaye’s bank account
- The authority emphasizes that enforcement actions only occur when taxpayers fail to comply
- GRA urges taxpayers to fulfill obligations and dismiss false reports
The Ghana Revenue Authority (GRA) has dismissed reports that it froze the bank accounts of Richard Nii Armah Quaye, founder of Bills Micro Credit Ltd.
In a press release dated March 27, 2025, the GRA clarified that while a tax assessment of GH₵30 million has been issued against Mr. Quaye, no enforcement action—such as account freezing—has been taken.
The authority urged the public to disregard the false reports, emphasizing that enforcement actions are only initiated when a taxpayer fails to comply after assessments.
The GRA reiterated its commitment to fairness and due process in tax administration and encouraged taxpayers to voluntarily fulfill their obligations to avoid penalties and legal consequences.
This clarification comes after Mr. Quaye’s high-profile 40th birthday celebration at the Black Star Square, attended by business moguls, government officials, and top entertainers, including Davido and Sarkodie.
