This follows reports suggesting that the authority had taken enforcement action against him.

In a press statement issued on Thursday, March 27, 2025, the GRA explained that while a tax assessment of GH₵30 million has been raised against Quaye, no enforcement measures—such as freezing his accounts—have been implemented.

“The authority has issued an assessment on him relating to his income taxes, but we have not commenced any enforcement action such as freezing his bank accounts,” the statement read.

The GRA urged the public to disregard the false reports and emphasized that it adheres to due process in tax matters. It further clarified that enforcement actions, including account garnishments, are only taken when taxpayers fail to cooperate after an assessment has been raised.

The authority also encouraged all eligible taxpayers to voluntarily disclose their incomes and fulfill their tax obligations to avoid penalties, interest, and legal consequences.

Meanwhile, the GRA reaffirmed its commitment to fairness, integrity, and transparency in tax administration, assuring the public that all compliance matters are handled in accordance with established procedures.

Background

Mr. Quaye recently marked his 40th birthday with a lavish celebration at the Black Star Square in Accra, drawing top local and international dignitaries, business elites, and entertainment figures.

The extravagant event, dubbed #RNAQ40, was attended by some of Ghana’s most influential personalities, including Dr. Osei Kwame Despite and Dr. Ernest Ofori Sarpong, underscoring Quaye’s strong ties to the nation’s business and social circles.

Also present were government officials, industry leaders, and prominent figures from the international business community, all gathered to celebrate his achievements over the years.

The event featured electrifying performances from Nigeria’s Davido and Ghana’s Sarkodie, while Stonebwoy’s Afro-dancehall energy kept the audience engaged throughout the night.

The GRA’s denial comes on the back of many news reports that have suggested otherwise.

The reports suggested that Quaye’s accounts had been restricted, but the GRA clarified that such actions are part of a routine procedure to assess tax payments and ensure compliance.

According to the GRA, the assessment is a standard part of their audit process, aimed at verifying tax compliance among businesses and high-net-worth individuals.

Sources within the GRA confirmed that discussions are ongoing with Mr. Quaye regarding his tax obligations, with efforts focused on ensuring that all necessary payments are made.

The authority emphasized that these assessments are periodic and often carried out for individuals and companies with a history of compliance.

Following the audit, Quaye will be expected to settle any outstanding tax obligations, including duties on imported goods, as advised by the GRA.

A source within the GRA explained to Joy Business: “This is a routine exercise aimed at fostering a cooperative relationship between the GRA and taxpayers as part of efforts to increase tax revenue this year.”

Richard Nii Armah Quaye Celebrates 40th Birthday in Style

In other news, Richard Nii Armah Quaye recently marked his 40th birthday with a lavish celebration at Accra’s Black Star Square.

The event, themed #RNAQ40, attracted a host of influential business leaders, entertainment stars, and government officials.

Prominent figures such as Dr. Osei Kwame Despite and Dr. Ernest Ofori Sarpong attended, highlighting Quaye’s significant presence in Ghana’s business community.

The celebration also featured performances from top artists including Nigerian superstar Davido, Ghanaian rapper Sarkodie, and dancehall sensation Stonebwoy, adding to the excitement and making the occasion unforgettable.