[ 2017-04-27 ]

Ibrahim Mahama is being probe by EOCO for issuing dud cheques to the GRA.

Ibrahim Mahama’s companies to pay GHC12.4m in two weeks
MBG Ltd. and Holman Brothers Ghana Ltd., both
owned by Mr Ibrahim Mahama, brother of
ex-president John Mahama, are to pay the Ghana
Revenue Authority (GRA) an outstanding debt of
GH¢12,394,803.08 in the next two weeks.

According to a statement issued by the GRA, as at
December 2015, MBG Ltd. had a tax liability of
GH¢13,150,761.20 to GRA as duties payable on
vehicles and equipment that had been imported by
MBG Ltd; while Holman Brothers Ghana Ltd. had a
tax liability of GH¢3,788,873.84 payable to GRA
as duties on vehicles and equipment that had been
imported by Holman Brothers, Ghana Ltd.

“To effect payment of duties and interest due on
the said vehicles and equipment, MBG Ltd and
Holman Brothers Ghana Ltd. each issued 23 separate
cheques to cover re-scheduled duty payment to be
drawn monthly over a 12 month period,” the
statement issued by the Communication and Public
Affairs Department of the GRA said.

Following the dishonouring of the first of 46
cheques, the GRA had meetings with the two
entities to discuss payment terms.

The statement explained that the GRA agreed to a
rescheduling arrangement with the two entities by
which MBG Ltd. will pay GH¢800,000 monthly, while
Holman Brothers Ghana Ltd. will pay GH¢192,000
monthly up to December 2017 to cover the entire
amount which includes 25 percent interest rate and
25 percent penalty.”

“As at now the two companies have settled
GH¢4,544,594.47 and GH¢1,985,547.71 in favour of
MBG Ltd. and Holman Brothers (Gh) Ltd
respectively, leaving outstanding balances
inclusive of interest and penalties of
GH¢10,216,258.87 and GH¢2,178,544.61 totalling
GH¢12,394,803.08. They have, however, not fully
honoured the first two months instalment
payment,” the statement noted.

For this breach of the terms of the rescheduling
arrangement, the GRA has moved to serve notice to
the two companies to pay all the total outstanding
debt of GH¢12,394,803.08 that is owed including
interest and penalty on the said indebtedness,
within 2 weeks from Wednesday, 26th April 2017.

Thereafter, the GRA will initiate all necessary
controls including detention, seizure and finally
public auction of the goods after the statutory
period to defray the loss of revenue.

Source - thefinderonline

... go Back