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 revealed during an engagement at the public accounts committee sitting on Monday, July 29, by officials of GRA.
Although some of the entities are viable and have given an indication of payment, the committee raised concerns over redundant ones like the Tema Oil Refinery (TOR).
A GRA official indicated for instance that “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.”
The Minister of State at the Finance Ministry, Abena Osei Asare speaking on companies that are unlikely to pay their taxes indicated “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.”