The Ghana Revenue Authority (GRA) has revealed that ten state institutions, including the Ghana Airports Company Limited (GACL) and the Electricity Company of Ghana (ECG), owe more than GH₵1 billion in taxes.
This information emerged during a session with the public accounts committee on Monday, July 29, where GRA officials highlighted the financial obligations of these entities.
Despite some institutions showing signs of potential payment, concerns were raised about financially struggling entities like the Tema Oil Refinery (TOR).
A GRA representative noted, “GACL and Graphic Corporation currently are having cash flow challenges. They’ve indicated to us that we need to give them a moratorium to be able to come back to us. So, for them, they are prepared to pay. Once their cash flow improves.”
Abena Osei Asare, the Minister of State at the Finance Ministry, addressed the issue of companies unlikely to settle their tax debts, stating, “Mr Chairman we have done this before. We brought it to parliament; we went through a process [and] brought some to parliament for parliament to write it off. If it becomes necessary after all avenues to collect these monies have failed, we will go through that process and then come to parliament for permission to do that.”