In a revelation at the Public Accounts Committee meeting on Monday, July 29, it has disclosed that ten state institutions, including the Ghana Airports Company Limited (GACL) and the Electricity Company of Ghana (ECG), collectively owe the Ghana Revenue Authority (GRA) more than GH¢1 billion in taxes.
The information came to light through statements made by GRA officials during the session. Despite some of these entities indicating their intent to settle their tax obligations, concerns were raised regarding the financial viability of others, particularly the Tema Oil Refinery (TOR), which is facing operational difficulties.
A GRA representative noted, “GACL and Graphic Corporation are currently experiencing cash flow challenges. They have requested a moratorium to allow them time to address their financial issues.
They are committed to paying once their cash flow improves.”
Addressing the situation, the Minister of State at the Finance Ministry, Abena Osei Asare, highlighted the government’s approach to handling such tax arrears.
She remarked, “Mr. Chairman, we have addressed similar issues in the past. We brought some cases to Parliament for consideration and potential write-offs. If necessary, and all collection efforts have been exhausted, we will pursue this route again and seek Parliament’s approval.”
