A group calling itself the Coalition of GaDangme Pressure Groups has described the Ghana Revenue Authority’s (GRA) probe into businessman, Richard Nii Armah Quaye’s Personal Income Tax as an orchestrated attempt to sabotage his businesses.
The group in a statement signed by its leader Nii Ayitey Armah said the sudden interest in probing the personal income tax status of Mr. Quaye, the founder of Bills Micro-Credit raises a lot of questions.
“While we fully respect the role of the GRA in ensuring tax compliance, the timing and nature of this investigation raise serious concerns about its intent”the group said in a statement.
According to them, Mr. Quaye has operated with transparency and in full compliance with tax regulations.
“It is highly questionable that no concerns were raised until after his well-publicized 40th birthday celebration. This selective scrutiny appears to be less about enforcing tax laws and more about an orchestrated attempt to undermine successful GaDangme entrepreneurs” the statement alleged.
“We categorically reject any form of targeted harassment under the guise of regulation”, it added.
The group appealed to the GRA to conduct its duties with fairness, impartiality, and respect for due process, advising that any deviation from this will not only be challenged legally but will also expose systemic biases that hinder indigenous business growth.
“The founder of Bills Micro-Credit remain committed to compliance and cooperation with the appropriate authorities. However, we will not stand by while reputations are unfairly tarnished. Should this probe be driven by ulterior motives rather than genuine regulatory concerns, we are prepared to pursue all necessary legal avenues to protect the right of our fellow tribesman”, it ended.
GRA starts Income Tax Assessment on Mr. Quaye.
The GRA on March 24, 2025 started an Income Tax Assessment on business mogul and Chairman of Micro Credit firm BILLS, Richard Nii Armah Quaye.
The process was part of an audit system by the GRA to ascertain the level of tax compliance by the businessman. The authority has however denied freezing the financial accounts of Mr Quaye.
Sources at the GRA say discussions have started for Mr Quaye to pay all tax obligations as a businessman.
In addition, the GRA also issued an assessment of import duty on Mr Quaye’s luxurious Bugatti Chiron which he paid.
This is contrary to some reports suggesting that the authority has frozen the accounts of the entrepreneur, a claim denied by sources at the GRA.
According to the GRA, it is a collaborative tax administration exercise undertaken periodically, especially with clients who have good records of tax payments.
Mr Quaye would be required to honour tax obligations on imported goods after the assessment upon recommendation by the GRA.
“The development is positive for the relationship of both parties as the country is hoping to increase tax revenue this year”, a source told Joy Business.
Mr Quaye marks 40th birthday
Mr Quaye celebrated his 40th birthday in grand style at the Black Star Square in Accra, with a star-studded event attended by top local and international dignitaries, business elites, and entertainment heavyweights.
The extravagant celebration dubbed #RNAQ40 brought together some of Ghana’s most influential personalities, including Dr Osei Kwame Despite and Dr Ernest Ofori Sarpong, whose presence underscored the celebrant’s deep ties to the country’s business and social elite.
Also in attendance were government officials, industry leaders, and high-profile figures from the international business community, all gathering to honour Mr Quaye’s remarkable journey and achievements over the years.
Nigeria’s Davido and Ghana’s Sarkodie delivered a thrilling performance, while Stonebwoy’s Afro-dancehall energy kept the audience on their feet.
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