Ghana Publishing Company uncovers GH¢22m legacy VAT debt from 2021 to 2024
The Ghana Publishing Company Limited (GPCL) has uncovered a legacy Value Added Tax (VAT) liability of approximately GH¢22 million covering the period between 2021 and 2024.
The Ghana Publishing Company Limited (GPCL) has discovered a significant VAT debt of around GH¢22 million, spanning from 2021 to 2024. This substantial obligation came to light following a formal notice from the Ghana Revenue Authority (GRA). GPCL Managing Director Nana Kwasi Boatey revealed this information at the Government Accountability Series at Jubilee House on November 2.
The debt represents the VAT collected over those four years but not paid to the Authority. After learning of the debt, GPCL's management initiated discussions with the GRA to devise a plan for settling the outstanding amount while maintaining the company’s financial health. The outcome of these negotiations is a proposed payment schedule, pending agreement between the parties.
Boatey emphasized the company’s dedication to resolving this legacy issue without jeopardizing its financial stability and operational effectiveness. He also stressed the importance of enhancing GPCL’s tax compliance structure, financial oversight, and statutory reporting to avoid such issues in the future.
Written by urgent.news from MyJoyOnline Ghana's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
- Beyond the Falling Blocks: Rethinking public safety and responsibility around construction sites in Ghana. myjoyonline.com
- Cranfield University training to boost Mahama’s aviation hub agenda and strengthen aviation safety – AIB Ghana Commissioner adomonline.com
- Gov’t allocates 20% of printing contracts to Ghana Publishing Company – Managing Director starrfm.com.gh
