GRA confirms it's investigating Richard Armah, denies freezing bank account

Founder and Board Chairman of Bills Micro Credit, Richard Nii Armah Quaye, is currently undergoing a personal income tax assessment by the Ghana Revenue Authority (GRA), Citi Business News has reported. The review concerns outstanding tax obligations, though the exact amount remains undisclosed.

This initiative forms part of the GRA’s routine efforts to ensure tax compliance among high-net-worth individuals. However, contrary to speculation circulating on social media, sources indicate that Quaye’s bank accounts have not been frozen.

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READ MORE: GRA reportedly freezes billionaire Richard Armah’s bank accounts hours after lavish party

Despite these claims, neither the GRA nor Richard Nii Armah Quaye has issued an official response to the allegations.

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