The Ghana Revenue Authority (GRA) is actively pursuing the receiver of defunct banks for an amount of GHȼ91 million in evaded taxes.
The licenses of over 300 financial institutions were revoked by the central bank in 2017 due to various financial breaches.
Appearing before the Public Accounts Committee, Mr. Edward Apenteng Gyamerah, Commissioner in Charge of Domestic Tax and Revenue Division at the GRA, disclosed that the GRA has been unable to collect the GHȼ91 million owed by the defunct banks.
The receiver has been notified multiple times to remit the funds to the GRA, as it holds the first right to receive any such payments if the receiver recovers money from the companies.
“And we are yet to receive from the receiver,” he said.
A member of the committee, Kofi Adams, emphasized the significance of transparency and accountability by requesting copies of the letters, specifically the first and the latest ones, sent to the receiver demanding payments.
He expressed concern that with significant tax revenues due to the government remaining uncollected, there is no justification for imposing additional taxes on the citizens.