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 was disclosed during a Public Accounts Committee sitting on Monday, July 29, by GRA officials.
Despite some entities being viable and indicating their intention to pay, concerns were raised about redundant institutions like the Tema Oil Refinery (TOR).
A GRA official noted, “GACL and Graphic Corporation currently have cash flow challenges. They’ve requested a moratorium to be able to pay once their cash flow improves.”
Minister of State at the Finance Ministry, Abena Osei Asare, commented on companies unlikely to pay their taxes: “Mr. Chairman, we have done this before. We brought it to Parliament, went through a process, and had some debts written off. If necessary, after all avenues to collect these monies have failed, we will go through that process again and seek Parliament’s permission to do so.”