GRA locks-up premises of Apollo Steel Company

Kpone (GAR), The Ghana Revenue Authority (GRA) on Thursday sealed off the premises of Apollo Steel Ghana Limited, a steel manufacturing plant located at Kpone-Katamanso Municipality for non-payment of tax to the tune of GH¢6,000.000.00 since 2018.

Mr Alpha Senanu Hossoo, GRA Senior Officer, Debts Management, Compliance and Enforcement, described the action as the distress act against the Company which was necessitated by the fact that the Authority needed to raise enough revenue for the state.

He said team was working under the instruction of Mr Ammishaddai Owusu-Amoah, GRA Commissioner General to carry out the exercise, against the company due to its management’s failure to honour their tax obligation to the state.

He said GH¢6,000,000.00 was without penalties, adding that the Auditors would work out the penalties due Apollo for exempting tax since 2018, noting that the penalties would definitely be added.

To avert the closure of the factory, the Company was to cough out the said tax debt by a banker’s draft, something they failed to do when the team visited the premises, adding that until the tax debt was defrayed, the premises would remain closed.

Source: Ghana News Agency