The Ghana Revenue Authority is on the heels of the receiver of the defunct banks for some GHȼ91 million evaded taxes.
The central bank in 2017 revoked the licences of over 300 financial institutions for various financial breaches.
Appearing before the Public Accounts Committee Monday morning, the Ghana Revenue Authority revealed they are unable to collect a total of GHȼ91 million in taxes owed by the defunct banks.
According to Mr. Edward Apenteng Gyamerah, Commissioner in Charge of Domestic Tax and Revenue Division at the GRA, the receiver has been written to on several occasions, to pay the money to the GRA as it has the first right to receive any such payments if the receiver gets any money from the companies.
“And we are yet to receive from the receiver,” he said.
A member of the committee, Kofi Adams, who requested for copies of the letters (the first letter and the latest) to the receiver demanding payments, said with such tax revenues due government sitting uncollected, there is no justification to pile up further taxes on the citizenry.
Latest Stories
-
‘Expired’ rice scandal: FDA is complicit; top officials must be fired – Ablakwa
2 mins -
#TheManifestoDebate: We’ll provide potable water, expand water distribution network – NDC
20 mins -
IPR Ghana@50: Pupils educated to keep the environment clean
27 mins -
PenTrust CEO named ‘Best Pensions CEO’, company wins ‘Scheme Administrator Award’ at Ghana Accountancy & Finance Awards 2024
46 mins -
Alan Kyerematen’s ‘Brighter Future for Health Professionals’ in Ghana Revealed in Bono
57 mins -
#TheManifestoDebate: NPP will ensure a safer, cleaner and greener environment – Dr Kokofu
1 hour -
2024 Election: Police to deal with individuals who will cause trouble – IGP
1 hour -
Seychelles President’s visit rekindles historical and diplomatic ties with Ghana
1 hour -
Election 2024: EC destroys defective ballot papers for Ahafo and Volta regions
1 hour -
2024 Election: I am sad EC disqualified me, but I endorse CPP’s candidate – PNP’s Nabla
2 hours -
I want to build a modern, inclusive country anchored by systems and data – Bawumia to CSOs
2 hours -
Miss Health Ghana 2024: Kujori Esther Cachana crowned new Health Ambassador
2 hours -
Playback: The manifesto debate on WASH and climate change
2 hours -
Alan Kyerematen saddened by NDC and NPP’s neglect of Krofrom Market in the Ashanti Region
2 hours -
CSIR Executive Director urges farmers to adopt technology for improved farming
2 hours