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The Ghana Revenue Authority (GRA) has zoomed into action on the founder of Bills Micro-Credit, Richard Nii Armah Quaye, currently probing the millionaire by Ghanaian standards for a personal income tax assessment, days after his big fortieth birthday bash at the Independence Square in Accra, The Inquirer has gathered.
The assessment allegedly pertains to outstanding personal income tax, which remains unsettled but the specific amount involved has not yet been disclosed.
The action is part of routine regulatory oversight to ensure that the entrepreneur complies with his tax obligations.
Contrary to claims circulating on social media, official sources say his bank accounts have not been frozen,
GRA insiders say that an import duty was previously levied on one of his vehicles — a matter that has since been resolved.
It is however unclear whether the decision to probe Richard Nii Armah Quaye was made before or after the lavish celebration.
Recently, Bills Micro Credit Limited formally clarified that its business operations are entirely separate from the personal financial dealings of its Board Chairman, Richard Nii Armah Quaye.
The company stressed that it operates as an independent legal entity and does not finance or support Mr. Quaye’s private purchases or events.
The statement further clarified that Richard Nii Armah Quaye does not hold the position of CEO at Bills Micro Credit Limited.
This clarification came in response to recent public discourse linking the company to Mr. Quaye’s personal affairs, including his birthday celebrations.
While recognizing Mr. Quaye as its founder, chairman, and majority shareholder, the company firmly dismissed any financial ties to his personal expenses.
