Finance

GRA arrest top executives of two companies for tax fraud

Ghana Revenue Authority

The Ghana Revenue Authority (GRA) has apprehended two top executives of two companies in the Eastern Region for allegedly producing and distributing products with a falsified and altered excise tax stamp of the Authority.

The two were the directors of J. H. Riches Company, situated in Nkurakan and producing and importing schnapps, as well as Ayisaa Herbal Base, based in Nankese and producing Agya Nie Bitters.

The excise tax stamp was designed with digital and other security features in mind, and it is affixed to excisable goods to prove that taxes and duties have been or will be paid, regardless of whether the goods are locally produced or imported.

Mr. Francis Ogoo, Chief Revenue Officer of the Ghana Revenue Authority, explained to Ghana News Agency that Sections 15 and 16 of the Excise Tax Stamp Act, 2013 (Act 873) required every manufacturer or importer of excisable goods to affix the tax stamp on the items before selling them.

He said the expected excise revenue was not realised over the period, prompting a nationwide exercise to make sure that imported and local excisable products had a valid stamp, as well as to prevent illicit trading, smuggling, and counterfeiting of excisable products.

The national exercise was also designed to monitor under-declaration of goods to shore up the country’s tax revenue.

Mr. Ogoo explained that prior to the unrealized projected revenue throughout the years, the GRA began a countrywide effort to check and guarantee that the correct things were being done.

Following the exercise, he said the team noticed that certain excisable products had been forged and had changed stamps, while others did not have the stamp at all on the market and were seized in Koforidua.

Additional investigation, he added, showed where the two directors of the said companies that manufactured the items were located, leading to their subsequent arrest on Tuesday and a bill being issued to allow the case to proceed in court.

He named some local products without the tax stamp as J. H. Riches Schnapp, Agya Nie bitters, Lawson De-Ray Man bitters, and foreign goods such as J. H. Henkes Schnapp, canned cokes, whiskey, champagne, and red wine, among others.

He urged the public to assist GRA revenue mobilisation efforts by downloading the GRA Tax Stamp Authenticator App from the Google Play Store, which can be used to assess whether a product has a valid tax stamp and report when the stamps are invalid.

He also said the app allows users to check the validity of excisable product tax stamps on goods such as alcoholic and non-alcoholic beverages, cigarettes, and other tobacco products, as well as bottled water that is locally produced or imported.

 

Source: www.ghanaweb.com

Ogyem Solomon

Solomon Ogyem – Media Entrepreneur | Journalist | Brand Ambassador Solomon Ogyem is a dynamic Ghanaian journalist and media entrepreneur currently based in South Africa. With a solid foundation in journalism, Solomon is a graduate of the OTEC School of Journalism and Communication Studies in Ghana and Oxbridge Academy in South Africa. He began his career as a reporter at OTEC 102.9 MHz in Kumasi, where he honed his skills in news reporting, community storytelling, and radio broadcasting. His passion for storytelling and dedication to the media industry led him to establish Press MltiMedia Company in South Africa—a growing platform committed to authentic African narratives and multimedia journalism. Solomon is the founder and owner of Thepressradio.com, a news portal focused on delivering credible, timely, and engaging stories across Ghana and Africa. He also owns Press Global Tickets, a service-driven venture in the travel and logistics space, providing reliable ticketing services. He previously owned two notable websites—Ghanaweb.mobi and ShowbizAfrica.net—both of which contributed to entertainment and socio-political discussions within Ghana’s digital space. With a diverse background in media, digital journalism, and business, Solomon Ogyem is dedicated to telling impactful African stories, empowering youth through media, and building cross-continental media partnerships.

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