GACL, ECG, eight other state institutions owe GRA over GH¢1bn in taxes

Ten state institutions, including the Ghana Airports Company Limited (GACL) and the Electricity Company of Ghana (ECG), owe the Ghana Revenue Authority (GRA) over GH¢1 billion in taxes.

During a Public Accounts Committee session, officials revealed that while some entities, like GACL and Graphic Corporation, are willing to pay once their cash flow improves, others like Tema Oil Refinery (TOR) are seen as redundant.

The Finance Ministry's Minister of State, Abena Osei Asare, mentioned that if collection efforts fail, they may seek parliamentary approval to write off these debts.