GRA Freezes Billionaire Richard Nii Armah’s Bank Accounts 24 hours After Lavish Birthday Party

The Ghana Revenue Authority (GRA) has reportedly frozen the bank accounts of billionaire Richard Nii Armah Quaye, founder of Quick Credit and investment micro-credit companies, just hours after his extravagant 40th birthday celebration.

The lavish event, held recently, featured high-profile guests and performances by renowned artists, including Nigerian singer Davido, actor Ramsey Nouah, and Tanzanian musician Diamond Platnumz. Notably, Ghanaian dancehall artist Shatta Wale was absent from the lineup, leading to public comments and reactions regarding his exclusion.

While specific reasons for the GRA’s action have not been officially disclosed, such measures are typically associated with investigations into tax compliance and financial practices. As of now, Richard Nii Armah Quaye has not publicly responded to the freezing of his accounts. The situation has garnered significant attention, given his prominent status in Ghana’s business community and his journey from selling local gin at James Town after secondary school to becoming a successful entrepreneur.

This development underscores the GRA’s commitment to enforcing tax regulations and ensuring compliance among individuals and businesses, regardless of their social or economic standing. Further updates are anticipated as more information becomes available regarding the circumstances surrounding the freezing of Richard Nii Armah Quaye’s bank accounts.

Source: PulseGhana..