GRA Commissioner vows stringent measures including liquidation to enforce tax compliance
In a resolute stance, the Commissioner General of the Ghana Revenue Authority (GRA), Rev. Ammishaddai Owusu-Amoah, has underscored the authority’s unwavering commitment to utilizing all legal avenues, including the liquidation of companies, to ensure taxpayer compliance.
Speaking candidly, Rev. Owusu-Amoah emphasized the GRA’s authority to initiate the liquidation process for companies in prolonged tax default, stating, “Whatever compliance measures available in the law, GRA is ready to implement it to the latter.”
Addressing concerns about potential business disruptions, he clarified, “We’re not in to collapse their companies. However, we will do whatever is necessary. Nobody should think they’re too big or too small to comply.”
This announcement follows the recent decision to liquidate United Steel Company, which faced financial distress amounting to ₵149 million and substantial tax liabilities exceeding ₵400 million, including penalties. The company was subsequently sold to B5Plus.
Rev. Owusu-Amoah issued a stern warning, asserting that no company, regardless of size, would be exempt from liquidation if deemed necessary. He revealed that several other companies are currently on the GRA’s radar for potential liquidation.
As a cautionary directive, the Commissioner General advised companies facing closure due to tax default to take immediate steps to settle outstanding tax arrears. The GRA’s resolute position signals a proactive approach to ensure fiscal discipline and taxpayer compliance in Ghana’s business landscape.
