Ten state institutions, including the Ghana Airports Company Limited (GACL) and the Electricity Company of Ghana (ECG), owe the Ghana Revenue Authority (GRA) over GH¢1 billion in taxes.
This information was disclosed during a Public Accounts Committee sitting on Monday, July 29, by officials from the GRA.
Despite some entities being viable and indicating their willingness to pay, the committee raised concerns about redundant ones like the Tema Oil Refinery (TOR). A GRA official 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 pay their taxes.
She mentioned, “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.”
