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Fri, Sep

Pay Your Debts: GRA chases Ibrahim Mahama

Business & Economy

The Ghana Revenue Authority has served notice to two companies owned by embattled businessman Ibrahim Mahma to pay all their outstanding debts, amounting to GHC 12,394,803.08, with interest and penalty within two weeks, from Wednesday, April 22, 2017.

The Ghana Revenue Authority has served notice to two companies owned by embattled businessman Ibrahim Mahma to pay all their outstanding debts, amounting to GHC 12,394,803.08, with interest and penalty within two weeks, from Wednesday, April 22, 2017.

 

The two companies are MBG Limited and Holman Brothers Ghana Limited.

According to a release issued by the Communications and Public Affairs Department of the GRA, the companies would be subject to all necessary controls, including detention, seizure and finally public auction of goods, after the statutory period to defray the debts.

The statement disclosed that following the dishonouring of the first of 46 cheques, the authority had meetings with the two entities to discuss payment terms.

According to the statement, the GRA agreed to a rescheduling arrangement with the two entities by which MBG Limited would pay GHC800,000 monthly, while Holman Brothers Ghana Limited would pay GHC 192,000 monthly up to December 2017 to cover the entire amount, including 25% interest rate and 25% percent penalty.

“As at now the two companies have settled GHC 4,544,594.47 and GHC 1,985,547.71 in favour of MBG Limited and Holman Brothers Ghana Limited respectively, leaving outstanding balances inclusive of interest and penalties of GHC 10,216,258.87 and GHC 2,178,54.61, totaling GHC 12,3994,803.08. They have however not fully honoured the first two months of installment payment,” the statement read.

The GRA further clarified its role in the ongoing issue regarding the importation of various vehicles and equipment by the two corporate bodies.

“In December 2015 MBG Limited had a tax liability of GHC 13,150,761.20 to GRA as duties payable on vehicles and equipment that had been imported by MBG Ltd.

In December 2015, Holman Brothers, Ghana Limited had a tax liability of GH 3, 788, 83.84 payable to GRA as duties on vehicles and equipment that had been imported by Holman Brothers Ghana Limited.

To effect the payment of duties and interest due on the said vehicles and equipment, MBG Limited and Holman Brothers Limited each issued 23 separate cheques to cover re-scheduled duty payment to be drawn monthly over a 12 month period,” the statement said.

 

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