The Ghana Revenue Authority (GRA) has refuted reports that it has frozen the bank accounts of Richard Nii Armah Quaye, founder of Bills Micro Credit Ltd.
In a press statement released on Thursday, March 27, 2025, the GRA clarified that while a tax assessment of GH₵30 million has been issued against Quaye, no enforcement actions, including the freezing of his accounts, have been implemented.
“The Authority has issued an assessment on him relating to his income taxes, but we have not commenced any enforcement action such as freezing his bank accounts,” the GRA stated.
The GRA urged the public to disregard the false reports, emphasizing its commitment to due process in handling tax assessments. Enforcement actions, such as account garnishments, only occur when taxpayers fail to cooperate after an assessment has been raised.
The authority also encouraged all eligible taxpayers to voluntarily declare their income and meet their tax obligations to avoid penalties and legal consequences.
This clarification follows recent news surrounding Mr. Quaye’s lavish 40th birthday celebration in Accra, attended by prominent business and entertainment figures.
