CrimeHot!

GRA seals off Electrochem offices over GH¢8.6m tax arrears

The Ghana Revenue Authority (GRA) has sealed the administrative block of Electrochem Ghana Limited at Ada over an outstanding tax liability of GH¢8.6 million.

According to the GRA, the entire premises of the company would be closed if the debt remained unpaid after seven days.

The enforcement exercise, undertaken on Wednesday by officials of the Domestic Tax Revenue Division (DTRD), formed part of the authority’s intensified nationwide campaign to recover tax arrears, improve voluntary compliance and safeguard state revenue.

Addressing journalists after the exercise, the Area Enforcement Manager for Accra Central, Joseph A. Annang, said the company’s tax liability had accumulated since 2021 despite repeated engagements with management.

He said the GRA had served the company with all the required statutory notices, including an immediate demand notice on January 7 and a final demand notice on February 13 this year, but the company failed to settle the outstanding taxes.

Mr Annang stated that although the authority had the legal mandate to shut down the company’s entire operations, it decided to seal only the administrative block after considering the likely impact on workers, suppliers and customers.

He said management attributed its financial difficulties partly to the recent floods, but stressed that the tax debt existed long before the incident and could not be justified on that basis.

According to him, the company made an immediate payment of GH¢200,000 during the exercise, describing the amount as only a fraction of the total debt.

Additionally, Mr Annang underlined that the payment would not halt the enforcement action unless the outstanding balance was settled or an acceptable payment arrangement was reached within seven days.

He warned that failure to comply would compel the authority to seal the company’s main gate, preventing access by workers, customers and suppliers.

Mr Annang urged businesses with outstanding tax liabilities to engage the GRA and honour their obligations promptly, stressing that enforcement remained the authority’s last resort after all administrative procedures had been exhausted.

BY STEPHANIE BIRIKORANG

Follow our WhatsApp Channel now! https://whatsapp.com/channel/0029VbAjG7g3gvWajUAEX12Q

Show More
Back to top button