GRA Launches Investigations Into Richard Nii Armah Quaye,’s Tax Records

According to Citi Business News, Richard Nii Armah Quaye, the founder of Bills Micro-Credit, is presently being assessed for personal income taxes by the Ghana Revenue Authority (GRA).

The assessment relates to unpaid personal income tax that is still pending.

The precise sum involved hasn’t been revealed yet, though.

The measure is a component of regular regulatory monitoring to make sure the business owner fulfills his tax responsibilities.

Official sources state that, in contrast to what some people on social media are saying, his financial accounts have not been stopped.

Additionally, Citi Business News has learned that one of his vehicles was originally subject to an import duty, which has subsequently been removed.

Days after the business tycoon’s highly publicized 40th birthday celebration, which went viral on social media, the tax authorities made their evaluation.

However, it’s unclear if the decision to question Richard Nii Armah Quaye was taken before to or following the extravagant celebration.

Bills Micro Credit Limited recently made it clear that its commercial activities are completely distinct from Richard Nii Armah Quaye, its board chairman, and his personal financial affairs.

The business emphasized that it does not fund or endorse Mr. Quaye’s personal purchases or events and that it functions as a separate legal entity.

The statement further clarified that Richard Nii Armah Quaye does not hold the position of CEO at Bills Micro Credit Limited. .

This clarification came in response to recent public discourse linking the company to Mr. Quaye’s personal affairs, including his birthday celebrations.

While recognizing Mr. Quaye as its founder, chairman, and majority shareholder, the company firmly dismissed any financial ties to his personal expenses.