By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
The High Street Journal
  • HOME
  • BUSINESS & ECONOMY
  • NEWS & UPDATES
  • WORK & CAREERS
    • THSJ Resources
  • LEGAL INSIGHTS
  • INNOVATION
  • OPINIONS
  • #STOPGALAMSEY
The High Street JournalThe High Street Journal
Search
  • HOME
  • BUSINESS & ECONOMY
  • NEWS & UPDATES
  • WORK & CAREERS
    • THSJ Resources
  • LEGAL INSIGHTS
  • INNOVATION
  • OPINIONS
  • #STOPGALAMSEY
Follow US
© 2024 | The High Street Journal. All Rights Reserved.
News

GRA Seals Four Companies Over Tax Violations in Accra and Tema

GRA shuts down four companies in Accra and Tema for tax violations, warning of stricter enforcement as it intensifies efforts to improve compliance and curb revenue losses nationwide.

Stanley Senya
Apr 2, 2026

The Ghana Revenue Authority (GRA) has shut down four companies operating in Accra and Tema over various tax compliance breaches as part of an intensified enforcement exercise.

The affected companies are Soul Restaurant in East Legon, Janel Spaces, a property management firm also in East Legon, Rision Industry Limited, a roofing nails manufacturer located in Spintex, and Chang Shang, a hardware dealer based in Tema.

Mr Joseph Adjeikwei Annan, Assistant Commissioner in charge of Accra Area Enforcement at the GRA, said the action formed part of a nationwide compliance drive to ensure businesses meet their tax obligations.

He explained that Soul Restaurant was cited for issuing unauthorised computerised invoices, filing tax returns without remitting payments, and under-declaring revenue.

According to him, the restaurant operates in both Accra and Koforidua but is registered with a tax office in Koforidua, and has accumulated significant tax liabilities.

READ ALSO

When Agric Policies Only Prioritize Production, 100K Tonne-Glut of Grains Is the Outcome – IMANI
Improved Maize Varieties Offer Farmers Hope Against Climate Stress and Malnutrition
Airport Security Theatre: Have Ghana’s High-Level Meetings and Passenger Checks Delivered Results?
Closing Dividend, Rising Pressure: Ghana’s 11-Million Youth Mismatch Threatens Economic Growth

“The Authority conducted an audit on their financial records, but the company has been evasive,” he said.

On Janel Spaces, Mr Annan said the company was not registered for Value Added Tax (VAT) but had been issuing VAT invoices using its Tax Identification Number.

He noted that Rision Industry Limited was found to be issuing selective tax invoices and under-declaring its tax returns.

Chang Shang, he said, was sanctioned for failing to issue VAT invoices consistently despite engaging in active sales.

Mr Annan also raised concerns about the growing practice of landlords renting residential properties to foreign nationals for commercial use without proper registration, thereby enabling tax evasion.

He cited a case involving Chang Shang, where business operations were being conducted from a residential facility without the knowledge of the Authority.

He stressed that maintaining accurate financial records was a legal requirement under Ghana’s tax laws, and failure to comply constituted a serious offence.

Mr Annan said the affected companies would remain closed until they submitted their sales records and regularised their tax obligations.

He warned that any attempt to tamper with GRA seals would attract severe penalties, including possible arrest and prosecution.

The Assistant Commissioner indicated that the enforcement exercise would continue across Accra and other parts of the country until compliance levels improve.

He urged businesses to regularise their tax affairs and appealed to the public not to shield tax defaulters, emphasising that tax compliance remained a shared civic duty critical to national development.

Share this:

  • Share on X (Opens in new window) X
  • Share on Facebook (Opens in new window) Facebook

Like this:

Like Loading…

Related

Subscribe to Our Newsletter
Subscribe to our newsletter to get our newest articles instantly!
[mc4wp_form]
Share This Article
Facebook Whatsapp Whatsapp LinkedIn Email
Previous Article Oil Roars Back Above $100 as War Fears Grip Markets Oil Roars Back Above $100 as War Fears Grip Markets
Next Article Ghana, Zimbabwe Strengthen Economic Cooperation Amid AfCFTA Drive Ghana, Zimbabwe Strengthen Economic Cooperation Amid AfCFTA Drive
- Sponsored Content -
Ad imageAd image

LATEST NEWS

Beyond Financial Returns: Why Businesses Must Account for Their Ecological Impact
Beyond Financial Returns: Why Businesses Must Account for Their Ecological Impact
Business & Economy
Making Money Is One Thing, Keeping It Another: A $6.3 Billion Wake-Up Call for Ghanaian Investors
Making Money Is One Thing, Keeping It Another: A $6.3 Billion Wake-Up Call for Ghanaian Investors
Business & Economy
Afreximbank, APPO Launch $5 Billion Africa Energy Bank to Finance Oil and Gas Projects
Afreximbank, APPO Launch $5 Billion Africa Energy Bank to Finance Oil and Gas Projects
African Perspective News
Beyond Political & Social Credentials: Ghana Must Strive for Economic Freedom & Prosperity – ACEYE CEO Says
Beyond Political & Social Credentials: Ghana Must Strive for Economic Freedom & Prosperity – ACEYE CEO Says
News
NDPC Moves to Improve Coordination of District Development Plans and Budgets
NDPC Moves to Improve Coordination of District Development Plans and Budgets
News

You May Also Like

Melcom Opens New Store at Accra Mall

Wontumi Farms Case Exposes Weaknesses in Ghanaian Corporate Governance

Wontumi Farms Case Exposes Weaknesses in Ghanaian Corporate Governance

Tema Port Congestion Raises Cost, Infrastructure Concerns as Cargo Volumes Surge

Nearly 2 Billion People Still Rely on Polluting Cooking Fuels, OPEC Report Says

Nearly 2 Billion People Still Rely on Polluting Cooking Fuels, OPEC Report Says

Cedi Risks Depreciation by Year-End Without Boost to Local Production- IEA Cautions

Cedi Risks Depreciation by Year-End Without Boost to Local Production – IEA Fellow Cautions

Africa Faces Mounting Currency, Debt Risks as Global Rate Cuts Fade, Afreximbank Says

Africa Faces Mounting Currency, Debt Risks as Global Rate Cuts Fade, Afreximbank Says

WEEK IN FOCUS – DECEMBER 20

The Economics of Content Creation: Multi-Million-Dollar Earning Models vs. Africa's Uncompensated Viral Kids

The Economics of Content Creation: Multi-Million-Dollar Earning Models vs. Africa’s Uncompensated Viral Kids

The High Street Journal

About Us

Delivering focused and insightful business perspectives; impacting lives.

Email: [email protected]

Useful Links

  • About
  • AI Strategy & Policy
  • Advertise
  • User Policy
  • Be a Guest Author
  • Contact Us
  • Sitemap

Stay Connected

© 2026 | The High Street Journal. All Rights Reserved.

%d