Richard Nii Armah Quaye: GRA Dismisses Claims Of Freezing GH Billionaire's Accounts

• The Ghana Revenue Authority has denied freezing Bills founder Richard Nii Armah Quaye's accounts
• News of the billionaire's financial troubles went rife after his extravagant birthday party in Accra
• The Authority has released a statement about urging Ghanains to disregard the unfunded claims

Ghana Revenue Authority has spoken after the alleged investigations into Bills founder Richard Nii Armah Quaye.

In a statement released March 27, the Authority rubbished claims that it had frozen the business mogul's account.

The reports about Mr Quaye's alleged woes begun after his extravagant 40th birthday party at the Independence Square on March 22.

Scores of celebrities, Heads of State and other dignitaries across Africa were invited to the gathering. Talk of Tanzania's Diamond Platnumz, and Nigeria's Ramsey Nouah among others.

Moments before the birthday, Bills Micro-Credit Limited emphasised that its business operations were separate from Quaye’s personal finances.

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The company also clarified that Richard Nii Quaye was not its CEO and hence does not receive financial support from the company.

In GRA's statement, the Authority reiterated its commitment and adherence to its values of fairness, integrity, responsiveness, service and teamwork in serving Ghanaians. The Authority's statement read,

“In the case of Mr. Richard Nii Armah Quaye, GRA has not commenced any enforcement action against him, including freezing his bank accounts. The Authority has issued an assessment on him relating to his income taxes."

“GRA, therefore, requests the general public to disregard the publications on social media and other platforms that Mr. Quaye’s bank accounts have been frozen by the Authority. We also urge all eligible taxpayers to voluntarily disclose incomes earned and pay the taxes due to GRA to avoid the payment of penalties and interests as well as facing other sanctions

Gramps Morgan reacts to Richard Nii Armah Quaye's allegations

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Earlier, YEN.com.gh reported that Jamaican reggae superstar Gramps Morgan had opened up about the recent allegations about Richard Nii Armah Quaye.

Gramps Morgan questioned the move in the comments section of a social media post about the issue.

He asked why African entrepreneurs were being scrutinised and advocated for business growth on the continent. Some social media users agreed with his views.

Source: YEN.com.gh