A Ghanaian newspaper, the High Street Journal, reports that the Ghana Revenue Authority (GRA) has frozen the bank accounts of businessman, Richard Nii Armah Quaye.
The Journal reports that the freeze is related to tax discrepancies in Quaye’s tax returns, with his returns reportedly not aligning with his alleged assets.
Recall that in recent days, reports have emerged that Quaye is the owner, part owner, or an investor in an estimated 29 companies in Ghana. The Journal alleges that his taxes do not align with the amounts he’s expected to pay with such assets in his name.
News of the alleged freeze of Quaye’s tax returns comes just two days after he threw a lavish party to celebrate turning 40.
The #RNAQ40 event was a celebration the likes of which the country has never seen with celebrities and prominent people attending from Ghana, Nigeria and the rest of the continent.
According to reports, the extravagant party cost him in the region of $3m. Prior to the party, Quaye had also purchased a $3m Bugatti Chiron and a multimillion-dollar private jet.
Quaye is the Chief Executive Officer (CEO) of Bills Micro Credit and has a stake in other popular companies such as Pizzaman Chickenman, Quick Angels, Pinkberry, and more.
